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Business Planner 2015

Why gross margins matter

October 22, 2014By

In retail, gross margin is an easily calculated number. It’s the difference between how much you purchase a product for and how much you sell the product for, stated as a percentage. Example: You sell a widget you purchased for $60 for $100. Your gross profit is $40 ($100-$60), and your gross margin is 40 percent. This number is important... read more

How to boost owner’s income

October 22, 2014By

Many landscape business owners focus on building their revenue to build their wealth. There can be a correlation, but it’s not a direct one. To make a good return on your investment and earn an above average income, it’s critical to focus on the bottom line and work backward. The fallacy of 10 percent A study I conducted among my... read more

How to measure efficiency

October 22, 2014By

Another day, another tool forgotten at the shop. Someone left the site to drive back to get it. Then someone else had to drive to a vendor to get more stakes. The Simpson job was supposed to be finished in five days, but it’s day seven and counting. The mistakes never stop, but is this normal? Just how bad, or... read more

Lead with emotional intelligence

October 22, 2014By

Contrary to what you might think, the most important attributes for successful leadership often are found below one’s surface, much like the largest part of an iceberg. We usually think of leaders as innovators, brilliant thinkers or highly proficient performers in a given field. These qualities are the easiest to see. But research indicates the more important competencies are often... read more

Master the Big 4

October 22, 2014By and

What’s the magic number? It’s four. Actually, the Big 4. When it comes down to it, there are four fundamentals companies need to understand, embrace and hone to succeed. Some companies can do OK excelling at two or three of them, but to reach best-in-class status and grow profitably, companies must master these four key areas: employees, performance, customers and... read more