TAG: cash flow

February 2015: Editorial advisory board

February 17, 2015By

What’s one easy way a company can improve cash flow? Landscape Professionals Richard Bare Arbor-Nomics Turf, Norcross, Ga. “Research every nook and cranny of the business (or hire a professional business analyst/consultant to do it). For instance, how much are you paying to take credit cards? Maybe what you’re paying makes it cost prohibitive to take the leading card. (For... read more

5 ways to improve your cash flow

February 17, 2015By
Featured Photo: ©istock.com/peepo

They say “cash is king,” and the reasons why are many. To name a few: Lack of cash can damage relationships essential to business success. Consider the repercussions when you can’t pay vendors or make payroll. Cash flow is a key factor in determining business value. Considering selling any time soon? Your cash level counts. Finally, a profitable company that’s... read more

Web Extra: Cash-flow projections the NaturaLawn way

February 15, 2015By

As part of the February 2015 cover story, “5 ways to improve your cash flow,” Phil Catron, president of NaturaLawn of America, shared a few of his tips for improving cash flow. Here, he goes more in depth and offers a cash-flow projection worksheet for LM readers. (Download it HERE.) Survival precedes success, and the one absolute precondition to the... read more

Motivating customers to prepay

January 9, 2015By

Owning and managing a seasonal business has its challenges. Even the most profitable and thriving business can be out of business if it doesn’t properly manage cash flow. In other words, if there’s not gas in the tank, the engine’s not running. I experienced this first hand with my company, Noon Turf Care. A few years ago we had a... read more

Keys to a profitable, financially stable business

January 15, 2014By

This post is part of a threefold summary of A Better Way 2 Learn Financials’ 2013 Financial Management TeleSummit.  Presented by A Better Way 2 Learn, Go iLawn and Landscape Management, the event was held in three, live, hour-long segments Dec. 3 to Dec. 5.  This is a wrap-up of the conversation “The Keys to a Profitable and Financially Stable... read more

Voila! You have a budget

January 14, 2014By

OK, it’s January. You should have your budget completed for this 2014. You do, don’t you? Uh-oh, you don’t, do you? Why is this budgeting thing always such a struggle? Would you ever go on a long trip without a road map? Would you ever contract a large job without an estimate? Of course not. And, it follows that you... read more