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Last month we talked about “How to Run a Profitable Business in 2023.” This month, we’ve compiled a list of all the actionable tips we’ve shared with you over the years. Take the time to look over these list of tips/ideas/suggestions and make a list of those that can help you reach your S.M.A.R.T. (specific,…
A business owner must make a profit in order to maintain a successful business — no business can survive without it. While sales are essential for growth, it’s useless if the business is not making a profit along with those sales. Sales without profit will put a business at financial risk. Over the years of…
Account reconciliation is defined as an accounting process that seeks to check two sets of records (often internal and external) to ensure that the figures are accurate and in agreement – so they reconcile. This is important because it helps the bookkeeper detect mistakes, discrepancies, or fraud that could severely impact the financial health of…
The fourth quarter of the year is here, which means that now’s the time to be thinking about taxes. While we know that taxes don’t come due until each April here in the U.S. (with extensions that can be made for businesses until October), NOW is truly when a business needs to be thinking and…
With inflation on the rise and the hiring crisis lingering on, business owners are getting hit with employee’s and/or contractor’s wanting a raise (and/or raising their prices). Which brings about the question – what should an owner expect from a team member (or contractor) in exchange for a raise? As a business owner, it’s your…
Owning and running any successful business starts with the effort you are willing to put into it every day. You’ve got to have a mission, vision & values, be organized, learn how to delegate, use proper equipment and have a great team at your side. Once you understand those key points, you’ll have a successful…
Too many landscape businesses struggle to manage and maximize their field labor ratio. This metric is one of the single most important key performance indicator (KPI) you have in the business. Without it, you will find that profit in the business is being affected. In order to change this, you have to start by understanding…
We often talk about “Understanding Your Numbers” in business, but what exactly does that mean? Understanding your numbers is more than just checking your profit and loss statement and consulting with your accountant a few times a year. To know your numbers, you have to know what all goes into those numbers. Field labor, materials,…
“An industry leader is only as good as the lessons they learn early in their career.” -Adam Linnemann Back in 2004, Linnemann Lawn Care and Landscape had the opportunity to bid on a job to maintain all of the Chili’s restaurant lawn care and landscaping. It was like a dream come true. Putting this…
When you start a business, you have really big dreams and ambitions. Some of those dreams and ambitions are: I want to grow my business and bring in a million dollars by year XXXX I want to grow the business to 5 million dollars by year XXXX. I want to get to 10 million dollars…