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Overtime can be the deciding factor in finishing a job or missing a deadline. These extra hours can be beneficial in the moment but can also dig into your bottom line if not managed properly. Like many aspects of business, having a system in place is key for healthy profit margins, and overtime is no […]
It can feel like the odds are not in your favor when your business is competing against other operations that are private equity-backed, yet this position does offer you some unique advantages. āPrivate equity has invested hundreds of millions of dollars in landscape companies,ā says Greg Herring, founder and CEO of The Herring Group. āThat reality […]
When purchasing equipment, you have to decide whether a shorter loan with a higher interest rate or a longer loan with a lower interest rate is the best choice for your business. The answer greatly depends on whether your cash can be deployed elsewhere at a return above the rate spread. āAsk one question first: […]
Guest Post by Knowledge Tree Consulting Picture the owner of a growing landscape company. At 6 a.m., he is loading the trailer. By 9, he is quoting a job; by noon, he is chasing an unpaid invoice; by mid-afternoon, he is smoothing over a crew dispute; and by evening, he is at the kitchen table […]
If you want to take your leaders to the next level, you have to go beyond just operational expertise. The NALP Executive Leadership Program, in partnership with the UVA Darden School of Business, is designed to train leaders to think more strategically and addresses challenges such as developing and retaining high-performing teams, improving financial performance […]
Are you running the business based on your bank balance and intuition, or do you know your actual job-costed financial data? āOwners usually know how many crews they have, how busy the schedule looks, whether the phone is ringing, but they usually can’t answer what 20% of customers generate 80% of their profit or what […]
When deciding where to invest money in the business, are you taking the time to calculate the cost of capital or going off gut instincts alone? While you may be able to afford the monthly payment on a new piece of equipment, you also need to ask if it is the best use of your […]
If your business has reached the point where you have multiple branches operating throughout your service area, one of the keys to success is ensuring that these various locations are operating to your set standards. While an office may look great on a P&L, itās a good practice to visit your branches on a regular […]
Aidan Friel, president and CEO of Blue River Landscape & Design, based in Bridgeport, Pennsylvania, was 15 when he started his company in 2021 and made $60,000 in annual revenue in his first year. Now at 20 years old, his business is projecting around $2 million in annual revenue. Like many others in the industry, […]
After 30 years of designing landscapes, Tom Lupfer was getting bored. āThere are only so many ways to arrange plants, patios, and retaining walls before everything starts feeling familiar,ā says Lupfer, president of Lupfer Landscaping, based in Lyons, Illinois. āI wanted a deeper meaning behind what I was doing.ā While reading Matsuo BashÅās poetry, Lupfer realized the […]
