Business Advice & Stories Archives - Page 21 of 109 - The Edge from the National Association of Landscape Professionals

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Business Advice & Stories

Mastering Tax Planning: Proactive Strategies for Landscaping Companies

Do you stay in contact with your tax professional throughout the year or only reach out come tax time? ā€œRegularly 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 […]

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Keep Recurring Revenue Flowing with Contract Renewals

When you start offering services that can provide your company with recurring revenue, you can’t assume all your cash flow problems will go away instantly. After securing clients in maintenance contracts, it’s important to make sure they continue to renew regularly. Otherwise, you’ll still be in the cycle of constantly replacing the revenue you lost. Length […]

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How I Do It: Grunder Landscaping’s Community Service Makes a Bountiful Impact

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. ā€œIt’s part of our culture,ā€ says Marty Grunder, founder […]

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Faces of the Industry: Sierra Smith

From a young age, Sierra Smith was interested in construction. ā€œI 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 […]

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Diversification Done Right: Avoid These Costly Mistakes

If you frequently have customer requests for a service you don’t 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 […]

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Business Smarts: Choosing the Right Exit Strategy for Your Landscape Business

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 […]

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Don’t Wait for Tax Season to Maximize Your Deductions

Even though your business’s taxes aren’t due until the spring, it’s always a good idea to be proactive in your tax planning to maximize deductions and prepare for next year. ā€œA lot of people think about, ā€˜Hey, what can I do to reduce my taxes this year?’ and a lot of that tax reduction sometimes […]

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Boosting Your Business: Forecasting for Growth – Why Every Landscape Company Needs a Budget

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 they’ve been budgeting for the last 10 years and over the past five […]

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Takeaways from On Tour with Smith Grounds Management

Smith Grounds Management, based in Indian Trail, North Carolina, provides lawn and landscape services to hundreds of commercial properties and HOAs. Chip Smith started the company in 1988. The company has around 120 employees during the peak season and currently earns $13 million in annual revenue. Smith Grounds Management hosted landscape professionals at their headquarters […]

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Level Up: Specialization Fuels ALPHA Landscapes’ Success

Our Level Up series shares the strategies that help landscape and lawn care companies get to the next level. ALPHA Landscapes, based in Johnston, Iowa, has been growing at a rapid pace, going from four employees in 2019 to 45 people on staff now. Riley Marvin, president of ALPHA, started out like many others in […]

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