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Your business management software provides powerful data that can have a positive impact on your operations if you’re looking at the right reports. “We’re able to measure and say, ‘Well, hey, here’s how we should be performing,’” says John Richter, owner of Richter Landscape Company, based in Birmingham, Alabama, who uses BOSS Software. “Are […]
If you’ve decided to offer equity shares to your key employees, the next step is determining the right structure for this benefit. Thankfully, there’s no right or wrong answer. Which option works best will depend on your organization and your overall goals with offering equity compensation. Equity Shares Versus ESOPs There are typically two goals […]
There are a million different headaches that come with running a business, but you don’t always have to reinvent the wheel to solve some of your problems. Sometimes, all you need to do is take a look in some of NALP’s books. “Our publications are crafted by industry experts and trusted by landscape professionals nationwide, […]
Offering equity compensation to key employees can be a game-changer for your business, but it’s important to go in eyes wide open on what equity does and doesn’t mean for your organization. When the rubber hits the road, don’t be blindsided by some of the legal and tax implications of equity compensation plans. Check out […]
Accounts receivable is considered an asset on your balance sheet, but if your company is struggling to collect payments from clients, it can quickly turn into a headache. “’Cash is king’ in any business,” says Andrew Trower, CPA and founder of Andrew Trower & Associates, P.S.C. “Delayed invoicing increases the time it takes to collect […]
The decision to offer equity compensation plans is just as personal as your exit plan. However, this benefit is often shrouded in misconceptions, preventing landscape company owners from giving it their full consideration. Fear of Losing Control Often, the word equity is confused with ownership. Many owners tend to be reluctant to even consider equity […]
When the majority of your business comes from referrals and word of mouth, what better way to measure your customers’ loyalty and experience with your lawn or landscape company than with your Net Promoter Score? For instance, Woodlawns Landscape Company’s average NPS year to year is 90. They started collecting their Net Promoter Score in […]
From increased purchasing power to providing growth opportunities to team members, scaling via branches can be a powerful tool for your business. However, branches can also be a double-edged sword if you fail to sustain your quality levels and company culture. Centralizing Overhead Tasks One of the benefits of a branch structure is being able […]
In the war for talent, sometimes you can feel like David going up against Goliath. One piece of ammo you can consider for your slingshot is equity compensation plans for key employees. “If you’re an owner-operator looking to maintain your viability in a market full of private equity-owned firms, then equity comp is an alternative […]
If you hadn’t heard of the company Ethoscapes five years ago, that would be understandable, as the business was created in 2023. However, since then, they have soared into the spotlight with their rapid M&A and organic growth. In 2024, the business was the second-fastest growing company out of Landscape Management’s Top 150, with 203% […]
