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One of the biggest concerns when it comes to franchising your business is losing control of your brand. Josh Malik, CEO of Joshua Tree Experts, headquartered in Stockertown, Pennsylvania, says when he shared his dream of franchising, his team was afraid of this exact thing.Ā āIt’s actually quite opposite of that,ā Malik says. āI’ve worked […]
If you want to break through different revenue ceilings, strategic planning is a critical tool, but it is only useful if you outline measurable, accountable action along with it. āThe definition of insanity is doing the same thing over and over again, expecting a different result, and most of the time building a tactical plan […]
No landscape company will ever be completely perfect, but choosing to be proactive by looking for operational inefficiencies and making small improvements can provide massive competitive advantages. āIt’s far better off to be in the fire prevention department than the firefighting department,ā says Marty Grunder, founder and CEO of Grunder Landscaping Co. and The Grow […]
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 […]
