Business

Getting to know your balance sheet

November 3, 2017By
Illustration: ©istock.com/D3Damon

Learn what your balance sheet reveals about your business. The balance sheet is an important report in a business’ financial statements. Unfortunately, many small business owners never look at this report. Usually, it’s because they don’t understand the report or they think it doesn’t show them anything in terms of profitability. However, this is an important report for several reasons:... read more

Design an effective compensation plan

October 30, 2017By
Photo: ©istock.com/MicroStockHub

Lessons learned from the 2017 employee compensation survey Designing effective compensation and benefits packages are paramount in contending for the best talent in today’s competitive labor market. As the economy improves, the demand for landscape services rises, requiring an increase in skilled labor. While this news is good for businesses from a company sales prospective, it creates significant challenges when... read more

How to create a valuable internship

October 25, 2017By
Photo: ©istock.com/NicoElNino

With the right tools and planning, any size company can create and execute a successful student internship program. First, define what an internship or temporary position should be at your company. Traditionally, summer or seasonal work is a temporary job with no expectation other than employment and pay. A student is on par with every other employee in that he... read more

Charting your course

October 17, 2017By

Decide what business choices to pursue based on your passions. Fall is an ideal time for green industry companies to review and update their plans for the future. Which services should you add, grow, shrink or eliminate? Which customer segments should you target or move away from? Which geographic areas should you operate in? Which services should you perform or... read more

Know your numbers

October 17, 2017By

Operate profitably by understanding these figures. I can think of no fundamental more important—or anything that yields a greater return—than knowing your numbers. There are many numbers, rates and ratios you can use to measure your progress against past performance or others in the industry. Even so, knowing your most basic numbers will give you the foundation necessary for sustainable... read more

Be the root of your business

October 17, 2017By
Photo: ©istock.com/Okea

Focus on these four areas where consistency affects growth. When Lee Greathouse and his son, Will, took a leap of faith and left a decades-old partnership to form their own landscape contracting business in Nashville, Tenn., they felt as if they were starting from square one. Today, The Greathouse Co. generates $5.3 million in annual revenue, which is a 62... read more

Privacy Preference Center

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?