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Itās hard to make sound decisions when your financials are either structured in a way that buries the relevant information or certain aspects, such as your labor burden, are misinterpreted. āDonāt assume your data is accurate, reliable, relevant and comprehensive without a thorough investigation,ā says John Joestgen, principal of JJ Landscape Consulting. āIf you want […]
In the lawn and landscape industry, profit margins are already tight so the last thing you need in your business are expenses that chip away at that number further. As your company grows, the types of margin eaters will evolve along with your organization. Check out some of the common culprits and how to address […]
When you arenāt seeing a profitable bottom line in your lawn and landscape business, your first thought might be time to raise prices again. However, as customers continue to deal with increasing costs on every side, it might be a good idea to look at other saving methods first. This isnāt to say you should […]
When it comes to making a profit, there is significant confusion between markup and margins. āWhen we say the word markups, there are markups for recovering overhead and then there are markups for recovering what we call labor burden,ā says Tony Bass, founder of Tony Bass Consulting. āThere are markups for profit. In my view […]
