Far and away, one of the smartest steps I’ve taken in recent years to move my landscaping company forward has been developing a stronger relationship with my bank. When I was first starting out in business, I thought of the bank only as the place I had to go to ask for a line of credit or a loan; they... read more
A few weeks ago I interviewed green industry acquisition expert Ron Edmonds for 60 minutes on the topic of “What is your business worth?” We had a lively debate! Here are nine insights from that conversation—and from my own investigations and experience—that will help you unlock the value of your business. 1. If you plan to retire or are even... read more
As a busy owner or manager of a landscape or lawn care firm, you have to juggle many functions. Unless you have someone on staff who has the skills to manage the finance and accounting piece, this function may be a source of frustration. The key is to stay organized. The following are six important things you can do to... read more
Download Pro-Motion Consulting‘s contract type scenario analysis tool to help with your company’s finances. Pro-Motion Consulting’s contract type scenario analysis tool (PDF) Pro-Motion Consulting’s contract type scenario analysis tool (Excel) read more
Cash is king, and healthy accounts receivable (A/R) makes for a sustainable kingdom that promotes an environment of profitability and growth. A business that doesn’t have control of its A/R usually will have poor cash flow and trouble meeting its expenses in a timely fashion. It’s often also a sign there are other financial issues that will hamper growth and... read more
This post is part two of LM’s “5 ways to improve your cash flow” series. Read on to part three, “Recognize the power of recurring revenue,” here. Phil Catron started Frederick, Md.-based NaturaLawn of America, which today has $50 million in annual revenue and franchise locations in 24 states, just like many others in the landscape and lawn care industry: He... read more
