Author: Lori

What You Need to Do Now to Work on Your Business in the Slow Season

What You Need to Do Now to Work on Your Business in the Slow Season

Most businesses have their own slow season, so it’s not a surprise when it happens year after year. While you could spend your slow time vegging out in front of the television and hanging out with friends, I recommend that you continue to work on your business, so you come back stronger than in years past.  Of course, while you can wait until the slow season to begin to plan, there are a few things you can do now to prepare for the upcoming slow season.  What You Need to Do Now to Work on Your Business in the Slow Season  Be Constantly Aware and Document Areas for Improvement During the busy season, it’s likely that problems with systems and processes become evident.  These are the times that you become frustrated. Pay attention to them, because these are the things to consider improving when you have time to focus on them. As you are working, keep a pad of paper nearby, or have an easily accessible list on your phone. Jot it down immediately so that you don’t forget what that frustration was when it comes time to decide where to spend your slow-season energy. Get Your Team Involved The Continue Reading »

Three Reasons You’re Struggling in Your Landscaping Business

Three Reasons You’re Struggling in Your Landscaping Business

Landscaping businesses can struggle for so many reasons.  Many times the struggles are more closely related to money than to the actual landscaping work that is being completed. After all, you know how to do all types of landscaping and lawn care, because you love it and that is why you started that type of business instead of some other kind of business. But what can you do about all of those things in your business that do not pertain to landscaping? Are you willing to overcome those challenges and finally prevent your business from struggling any longer?  Three Reasons You’re Struggling in Your Landscaping Business You Haven’t Implemented Profit First Yet If you haven’t implemented Profit First into your landscaping business yet, then you must do it immediately! This system is the one that will help you gain control of the cash-eating monster in your business. Profit First is one of the best ways to stop many of the financial struggles you’re experiencing.  Waiting to Get Paid by Your Customers As a landscaper, you probably allow your customers to pay you via credit card. You might also allow your customers to pay by cash or check.  And, you might Continue Reading »

How to Create a More Profitable Landscaping Business

How to Create a More Profitable Landscaping Business

Landscaping can be a profitable business. After all, we all know that many people rely on landscapers to keep their property looking amazing!  So, what can you do to ensure all of your hard work is bringing in the profits instead of headaches?  If you don’t know the answer to that, keep reading to see how you can create more profit within your landscaping business.  How to Create a More Profitable Landscaping Business Start Utilizing Profit First The Profit First system was created as a way to manage cash so that you know exactly how each deposit should be spent (or saved). With this system in place, there will be no more guesswork on how much of your money is for your owner’s pay, taxes, profit, or expenses.  Profit First is an easy system to implement and will bring clarity to your cash flow. Consider Revising Your Current Prices  When you think about pricing, you likely considered all your costs when you made those decisions. You will have considered your expenses, the time it would take you to do the work, the cost of all of your equipment, and even the cost of hiring employees to help you.  If you Continue Reading »

What the Heck is Profit First and Why You Need it in Your Landscaping Business

What the Heck is Profit First and Why You Need it in Your Landscaping Business

Have you spent months, or even years, wondering where all of the money from your business is going? Does your Profit and Loss Statement show that you are making a good amount of money, but you never have any cash in the bank?  I hear that from business owners all the time and it’s why I know changes need to be made. Instead of reviewing your Profit and Loss Statements every month, and expecting to find the reasons why you don’t have cash, I encourage you to embrace Profit First.  What the Heck is Profit First? Profit First is a system that helps you build a sustainable business, by managing your cash with a simple bank account process. First and foremost, you want to set the business up so that it takes care of you, the business owner. So, the most important aspect is to set aside cash for your profit, taxes, and your own pay.   Second, what’s left over is what the business has to spend on everything else.   Most of us think of expenses as something we take care of first, and what’s left over is our profit.  But, when you flip the formula, and discipline yourself to Continue Reading »