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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…
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…
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…
Over the last 29 years of running an accredited lawn care and landscaping business, I can tell you that the key to success is profitability. When you price your jobs with profit in mind, it changes the way you run your business. Profit use to be known as SALES – EXPENSES = PROFIT, but thanks…
Making a profit in your landscaping business is crucial to controlling your finances and allowing you to pay yourself properly. It’s also crucial in order for you to properly put money away, pay your taxes, control your expenses through your operating expense account and to {obviously} – PUT PROFIT FIRST! Did you know… Eighty-three percent…
Strong leadership skills start with building and maintaining a successful business. One of the ways to do that is through industry specific peer groups. These types of peers groups provide you with the opportunity to develop and sustain your leadership skills by providing you with a safe space to learn, collaborate and hold yourself (and…