Managing a seasonal business often translates into regular cash crunches, as both revenue and expenses ebb and flow throughout the seasonal cycles—and not in unison. The good news is there are plenty of companies in our industry who have successfully conquered the seasonal cash crunch. What can we learn from these companies? First and foremost, they study their financials regularly.... read more
This post is part five of LM’s “5 ways to improve your cash flow” series. Read the first four tips here. Despite its importance, many green industry business owners don’t have a clear understanding of their businesses’ cash-flow situations. Why? Many business owners don’t pay nearly enough attention to basic accounting. In fact, many companies think of accounting only in... read more
This post is part four of LM’s “5 ways to improve your cash flow” series. Read on to part four, “Understand basic accounting,” here. “Bill as you go” is the default invoicing method for many landscape companies. Problems with this tactic can stack up, especially for seasonal businesses that have little or no income during some months. A few years ago,... read more
This post is part three of LM’s “5 ways to improve your cash flow” series. Read on to part four, “Get paid consistently,” here. Most landscape professionals agree that a recurring revenue stream makes good business sense. But not everyone understands all the ways it can help to better manage cash flow. Most importantly, recurring services provide predictability. Smart owners know... read more
This post is part one of LM’s “5 ways to improve your cash flow” series. Read on to part two, “Get credit before you need it,” here. If you’re up against a cash crunch, there’s a chance you didn’t see it coming. Or you were averting your eyes to the oncoming train wreck. Either way, you might have avoided the situation... read more
Landscape professionals at Landscape Management‘s 2014 Lawn Care Forum share advice for maintaining a steady cash flow. You’ll hear from the following lawn care operators: • Christopher Noon, Noon Turf Care • Matthew Noon, Noon Turf Care • Kevin Jardine, NexGreen • David Hartzell, New Jersey Best Lawns, Sprinklers and Fencing • Charlie Marshall, Spring-Green • Michael Rogers, Kathleen’s Lawn... read more
