TAG: profits

High Performance: The unimportance of profits

October 10, 2017By

Fall seems to be the season for strategic planning retreats in the green industry. These retreats are opportunities to discuss long-term and short-term priorities, plans and goals. I’m always somewhat surprised when profitability is not called out as a priority, which happens frequently. These companies see profits as essential—in that they would not be able to function for very long... read more

Profit Power: 15 strategies to drive up profitability with year-end selling

December 1, 2015By

The more production that each crew can bill out each week, the higher your profits will be by year end. Your overhead has already been covered at this point, so every dollar of operational profit you earn goes right to your bottom line! This has a huge multiplying effect.  Here are 15 ways to increase your weekly production and thus... read more

Efficiency tip: Declined

July 10, 2015By
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One way to efficiently boost profits is to eliminate costly fees that detract from the bottom line. That’s what the team at Arbor-Nomics Turf in Norcross, Ga., did last year when it analyzed its credit card fees and opted to dial back its acceptance of American Express. The result? An extra $10,000 in profit last year. It was COO Josh... read more

Productivity & Profits: Here and there

June 11, 2015By

How three LM150 firms are becoming more profitable by being more productive. “Doing more with less” has been a mantra among successful landscape company operators since the Great Recession. To some, it may feel like a cliché by now, but it’s not to companies who’ve seen their 
bottom lines improve. At least three firms on this year’s LM150 list have... read more

Improve your cash flow: Understand basic accounting

March 24, 2015By

This post is part five of LM’s “5 ways to improve your cash flow” series. Read the first four tips here. Despite its importance, many green industry business owners don’t have a clear understanding of their businesses’ cash-flow situations. Why? Many business owners don’t pay nearly enough attention to basic accounting. In fact, many companies think of accounting only in... read more

Finances for the ‘small’ operator

February 17, 2015By

A reader recently asked us to cover the topic of finances for the “smaller” operator with just a few employees and less than $250,000 in annual revenue. I thought about it and recognized successful finances have nothing to do with size but with organization and discipline. Sound financial management knows no size. Here are the five most important items for... read more