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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 […]
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 […]
Rising fuel costs, inflationary pressure and cautious customer spending are all driving a tightening of the market currently. Landscape companies that have weathered past downturns say they are seeing a pullback on enhancements, irrigation repairs and other major projects currently. However, they say itās not quite as grim as 2008. āWe are seeing a little […]
Hard times can seem a lot less intimidating if youāve weathered similar storms before. However, if your business is on the newer side, chances are your company didnāt even exist during the Great Recession. While the current economic situation isnāt quite as bad as in 2008, some landscape companies are already seeing clients delay enhancements, […]
If youāve decided itās time to upgrade your facilities, either through expansion or relocation, this investment only pays off if you can thoughtfully design the space around your teamās true needs. Ideally, your new facility should boost productivity and employee morale. Identify Your Pain Points The first step to designing your new space is to […]
When youāre evaluating your snow fleet in the summer months, being proactive doesnāt just mean conducting preventive maintenance on your plows and spreaders. This is also a chance to reflect on the bigger picture and ask if your fleet matches the type of snow work your company wants to perform. Match Your Machines to […]
When your business is growing, there comes a time when there is simply not enough space to operate efficiently at your facility. Investing in expanding or relocating is a major financial decision, which is why itās important to think through all the various considerations. Buying more land or a new building shouldnāt just solve the […]
Mergers and acquisitions can be an alluring form of growth, but it is important to approach this decision with eyes wide open as it has a direct impact on your operations and culture, not just your bottom line. Whether you are considering being backed by private equity or completing acquisitions on your own, this […]
Change is hard. Yet it is a necessary component of the M&A process. While it will take new team members time to adjust, how you approach integration plays a huge role in how effective you are at preserving what made the company worth acquiring in the first place. āWhen culture is honored and evolved, engagement […]
