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Promoting your team members into leadership roles has multiple benefits, including a continuation of your company culture and providing a rewarding career path for your high-performers. āThe culture is the biggest piece,ā says Curtis Atkinson, founder and CEO ofĀ Sunline Landscapes, based in Bluffdale, Utah. āSometimes bringing somebody in at a higher level takes a little […]
Itās a question that might have crossed your mind in the past. When should I create an exit strategy? The common response from industry consultants is ānow.ā Frankly, the day you start your landscape business, you should have an end goal in mind. āThey should be aware that they might get approached on any given […]
Do you stay in contact with your tax professional throughout the year or only reach out come tax time? āRegularly scheduled meetings allow your tax professional to provide valuable advice on managing capital assets, equipment purchases, and other major financial decisions,ā says Peter Thelen Sr., CPA and founder of Thelen Financial. Working Effectively with Tax […]
When you start offering services that can provide your company with recurring revenue, you canāt assume all your cash flow problems will go away instantly. After securing clients in maintenance contracts, itās important to make sure they continue to renew regularly. Otherwise, youāll still be in the cycle of constantly replacing the revenue you lost. Length […]
Giving back to your local community has a multitude of benefits both for the programs you partner with and your team members. Grunder Landscaping Co. based in Miamisburg, Ohio, works to support organizations that are committed to making their community a great place to live and work. āItās part of our culture,ā says Marty Grunder, founder […]
From a young age, Sierra Smith was interested in construction. āI had no idea how to really get into it, but I knew I wanted to create, I wanted to design, I wanted to build, and I had very little knowledge and exposure to it,ā Smith says. Her interests expanded into the landscape industry after […]
If you frequently have customer requests for a service you donāt currently offer, you may be tempted to launch a whole new division based on this feedback. While diversification can be beneficial and tap into additional revenue streams when done right, there are some major pitfalls you need to avoid. Mistakes to Avoid The first […]
Just like how no landscape company is exactly the same as another, there is no one right exit strategy. If you are trying to determine which is the best fit for your organization, check out some of the common paths and the monetary implications of each. Types of Exit Strategies Mergers and acquisitions are one […]
Even though your businessās taxes arenāt due until the spring, itās always a good idea to be proactive in your tax planning to maximize deductions and prepare for next year. āA lot of people think about, āHey, what can I do to reduce my taxes this year?ā and a lot of that tax reduction sometimes […]
Your client always has a budget, and you should, too. While you can operate without one, the sooner you start creating an annual budget, the better. Brian Mark, partner and president of Chris Mark and Sons, Inc., based in Pocasset, Massachusetts, says theyāve been budgeting for the last 10 years and over the past five […]
