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If youāre tired of breaking even or even losing on jobs frequently, it may be time to review your current estimating practices. Like some other landscape contractors, you might not even have a formal estimating system. David Arnold, managing partner at Two Twelve Advisors, LLC, points out that while smaller companies might not have the […]
While no one can know for sure what will happen with the economy over the next few years, landscape companies are not resting on their laurels. Despite having some of the best years of business recently, many are taking the necessary precautions to ensure their companies can weather the potential recession. Raising Prices With inflation […]
Talk of a possible recession is a major topic in the news cycle right now. From rampant inflation to continued supply chain woes, the general attitude about the economy has been quite negative. What remains to be seen is if a recession is actually coming in the near future. Curtis Dubay, chief economist in the […]
In the sweltering heat of July, snow is probably the last thing on your mind, but now is the time to be reviewing your snow and ice management contracts if you havenāt already. āYou should be looking at all of your agreements annually for routine analysis of where you stand on the efficacy of the […]
When youāre looking to improve your companyās efficiency, one aspect you can consider is outsourcing some parts of the business that make up your overhead. Just like how youād bring on a subcontractor to handle some of the tasks that arenāt your companyās specialty, outsourcing certain departments allows you to pass on duties that need […]
Oftentimes when a consumer is making a sizable purchase for a house, a car or other investment, they look for financing to help make the cost more manageable. Yet frequently, landscaping companies opt not to offer their customers any financing options, believing this is best left to the banks to handle. However, offering financing has […]
Productivity is a major focus for lawn and landscape businesses as there is limited time in the season to get certain tasks done. However, as a leader, your individual productivity can suffer for a variety of reasons. Whether itās handling unexpected fires or being pulled into unplanned phone calls or meetings, your limited time can […]
Inflation isnāt just affecting the price of materials and employeesā wages. It is also predicted to impact workersā comp costs as rising expenses are impacting it on several different levels. āInsurance carriers are having to offset that potential cost into their premium so we think by 2023 we’ll start to see the impacts from those […]
Depending on your lawn or landscape companyās location, how seasonal the business is will vary but no matter where youāre located being able to secure recurring revenue over 12 months is always ideal. It may sound like a no-brainer to implement budget billing for your landscape company to improve cash flow, but planning and certain […]
If youāre looking to get involved in larger, commercial construction projects, most likely youāll need to submit your bids to a general contractor company. Even some small and medium projects can involve working for a general contractor. Working for a general contractor means an increased amount of documentation, a different pay schedule than youāre used […]
