Layne Kaldor started All Lanes Moving 17 years ago. He came to Montana & Idaho CDC after a few years, because he needed a loan to purchase equipment to meet the growing demand for his services. Today, as he approaches retirement, Layne chatted with us about his experience as a Montana business owner, and what advice he’d give others just starting out.
- What inspired you to start All Lanes Moving 17 years ago?
I had already been in the moving industry for 12 years. I was able to take another business and pull it out of red and into the black. That was easy enough, so I decided I could start my own. It didn’t end up being as easy as I thought it would be! But it was worth it in the end.
- Why did your business need assistance from Montana & Idaho CDC?
The outlay of tasks was a lot more than I expected. I needed to purchase and paint a truck, as well as a tractor/trailer combination. Since my business was still relatively new, I didn’t have enough collateral to get a loan through a conventional bank. I remember it being really easy to work with you guys, everything went very smoothly.
- What is the biggest thing you’ve learned about having your own business?
Don’t do it! Ha, no, I’m kidding. But really, you need to invest and re-invest in your business, especially when it comes to your employees. They are your biggest asset and that’s how you keep yourself afloat.
- What are you most proud of?
Being able to raise my children and live my life the way I want to live. I wouldn’t have enjoyed this same lifestyle if I was working for someone else.
- Can you talk about how you’ve grown over the year? We know that you have signed some big contracts with major companies in the area.
You need to get your foot in the door with businesses that you want to work with. By doing good quality work and making your customer happy they’re going to continue to hire you.
- What advice do you have for someone who would like to start their own business?
It’s hard at the beginning, but worth it in the long run.
- We heard that you are retiring soon. What’s next?
That’s been the plan for awhile now, but I can’t seem to find the time to do it! I’d really like to focus on my art. I enjoy sculpting and painting and would love to be able to spend more time doing that.
- Is there anything else you’d like to share?
MCDC made the process of getting a loan really nice and easy. I’d just emphasize to a person starting off to really get as much money as you can before you start. It will make it so much easier in the long run. There will always be unexpected costs and that is the best way you can be prepared.