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When you start offering services that can provide your company with recurring revenue, you canāt assume all your cash flow problems will go away instantly. After securing clients in maintenance contracts, itās important to make sure they continue to renew regularly. Otherwise, youāll still be in the cycle of constantly replacing the revenue you lost. Length […]
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 […]
As the owner of a lawn care or landscape company, there are a multitude of business concerns that can keep you awake at night. Some of your worries are quite common and shared with many others in the industry. Below are some of the prevailing stressors as well as how different owners handle these sleep […]
When you started your lawn care or landscape maintenance business, chances are the last thing on your mind was how youād handle customers who pay late, or worse, not at all. With cash flow always being a major concern, delinquent payments are an additional stressor you donāt want to deal with. One of the ways […]
To keep your lawn or landscape business running smoothly you need steady cash flow. One consideration to improve that cash flow is making bill payment for customers as easy as possible. While cash or check are still viable options, more companies are opting to include additional electronic payment methods. Depending on the size of your […]
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 […]
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 […]
During his transition from high school to college, Andrew Pelkey started mowing residential lawns to help make ends meet. By his sophomore year, he had around 40 or 50 residential lawn accounts and decided to leave school to pursue landscaping full-time. By the end of year two, he was running a landscape and snow plow […]
What’s the life blood of any lawn and landscape business? Cash flow. You use the money that comes in from customers or other means to buy equipment, and pay expenses and employees. Of course, you want positive cash flow, which allows you to make new investments, such as hiring more employees or opening another location. […]
64% of small businesses suffer from late payments, and landscape business owners are no exception. On a recent NALP webinar, David Tulkin, of Fundbox, share some tips on how to get paid faster and stay cash-flow positive this year. He suggests: Proper time tracking. Manage operations effectively by ensuring you have proper time tracking in […]
