TAG: Business Basics

How to hire winning hourly employees

October 16, 2018By
Help wanted sign (Photo: iStock.com/MCCAIG)

Few people understand the daily pressures faced by landscape management business owners and managers. And fewer still realize that it’s people—both clients and employees—who are usually the source of these stresses. A mower may malfunction, but you can fix it and count on it to be there every day and on time, too. The handheld trimmer or brushcutter may be... read more

Sometimes it is about the money

September 28, 2018By
Money; Photo: iStock.com/Altayb

My (fictitious) operations manager, Tom, just informed me he is leaving the company. I’m shocked. Tom is a good guy, and we have been investing in his development and going out of our way to make him feel appreciated. He recently received a 12 percent raise, and, earlier this spring, we bought him a new truck. His announcement was completely... read more

When the IRS comes knocking for a tax audit

August 23, 2018By

Nothing strikes an emotional chord with small business owners like the prospect of a tax audit. If you practice accurate bookkeeping and obey the tax laws, there’s little to worry about. It’s a matter of proving your company is in compliance. While the audit process may be intrusive, it’s within the IRS’s right to audit your tax returns. When it... read more

How to be a ‘magnetic’ employer

August 1, 2018By
Magnet attracting marbles. Illustration: iStock.com/alphaspirit

Unemployment is at record lows, and there are more jobs available than there are people to fill them. Given this scenario, it’s no surprise that the most pressing concern for business owners and managers nationwide right now is how to find the new hires they need and keep the good people they have. So, how can forward-thinking employers successfully compete... read more

Discover your blue ocean

June 18, 2018By
blue ocean. Image: iStock.com/Trifonenko

Imagine a world without competitors, where you are able to charge whatever you want and get it. Imagine having highly qualified personnel, customers who are patient and strong positive cash flow. Welcome to the premium market. The premium market is a different world than what most of us operate in. In the bestselling book “Blue Ocean Strategy,” author W. Chan... read more

The one-minute management report

June 15, 2018By
profit growth. Image: iStock.com/Auris

When I look at a set of financials, I want to determine within one minute if the company is profitable and if the revenues and expenses are in line with industry standards. So, how do we create such a report? Start with your chart of accounts Surprisingly, many companies use a generic chart of accounts. These charts are usually created... read more