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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 […]
If you have reached the point in your companyās journey where it becomes clear you need the expertise of an advisory board, there are a number of considerations to build your board successfully. Not only do you have to find engaged, knowledgeable individuals but you also have to determine how they will be compensated and […]
Ideally, your company has been budgeting from day one, but many landscape companies have been guilty of not truly budgeting in earnest for years. The good news is your business can benefit from adding a budgeting process no matter how long youāve been operating or how big youāve become. When to Budget If youāve decided […]
As your landscape company grows, the need for a higher level of strategic guidance may be necessary. One of the ways to gain powerful insights is to create an advisory board so you have additional expertise you can tap into. āWhen you grow outside of your skill set as a leader, thatās when I think […]
The question of whether itās the right time to add a new offering to your landscape business or eliminate a service line calls for evaluation of several different factors, including your financial metrics, your staffās capacity and customer demand. When to Diversify Fred Haskett, founder ofĀ TrueWinds Consulting, says itās a good time to consider diversifying […]
When you review your sources of revenue, itās important to take stock of how much is coming from one-off projects versus long-term contracts. Long-term maintenance contracts with clients are beneficial for several reasons. They help provide steady cash flow, allowing your company to continue to grow and forecast your staffing needs properly. āWe are generally […]
If you’re growing fast, you might be wondering how to scale your systems, including your metrics, your reporting and your transparency to support that. This is particularly critical as you spread beyond one geographic location. āDon’t get bogged down in the outputs, the EBITDA, the retention,ā says Joe Socolof, COO of Landscape Workshop. āThose are […]
This article is written in an āAs Told Toā format. John Munie is the founder and president of Focal Pointe, a $50 million firm specializing in commercial landscape maintenance, based in Caseyville, Illinois. During the early years, I would look at the Top 100/150 lists and wonder what those guys knew that I didnāt. How […]
