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
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
Design/build pros weigh in on the art of charging design fees. There’s a tale about Pablo Picasso that begins with the artist sitting in a cafe, sketching a woman in his view. The picture took all but five minutes to craft, but he alleged to the woman it would cost her $2,000 to own. While not charging for the minutes to... read more
