Sometimes, financial issues can loom so large and feel so overwhelming that it’s difficult to picture doing anything but damage control for the foreseeable future. Maybe you inherited your landscaping company and you now have a lot to learn about running a business on your own, or you started your company at age 25 and now you’re 40, wondering why you made so many detrimental financial decisions early on.
Whatever the case may be, working with a Profit First professional can help you do damage control, yes, but we can also help you implement changes that will set your landscaping business up for long-term success.
Here’s how it works:
Implement Profit First in Your Business
The very first thing we do is set up Profit First for your lawn care business. You will share with us what your current challenges are, as well as long term goals.
For example, if debt is your biggest problem, we’ll tackle that first, slowly but surely.
We can’t solve every problem at once, but we can solve problems now that will make an impact in the months and years to come.
We obviously won’t be able to deal with all of your debt in one fell swoop, but making a plan to get you out of crisis mode now will help you establish habits and systems to get free of debt more quickly in the future.
Adjust If Needed As You Learn More
Managing your money with the Profit First method can be overwhelming because it’s a new concept to master.
It can take time to get used to the new rhythms of allocating your business’ income to different accounts a few times a month or having a bit less to spend in certain areas than you’re used to. But we’ve seen it work again and again for so many people, we’re confident the adjustment is worth it.
You also may find that small adjustments to the percentages you’re allocating need to be made based on upcoming expenses and investments.
Peace, order, and a wonderful sense of safety can come from knowing what’s going on with your landscaping business’ money. And there’s a good chance you won’t realize what you’re missing out on until you’re able to experience that change for yourself.
Once you’ve gone through these 3 phases, what kind of long-term change might your business experience?
- You can prepare for growth, as you can now continually put away the cash needed for equipment and supplies for your company in the future. Rather than scrambling to quickly secure the funds for more equipment after you get new clients, you can save for that equipment and be ready to pay for it in full when the time comes.
- There’s short-term peace that you can experience when you first begin using Profit First, and there’s also long-term peace that comes with not having to think about your money constantly. Over the years you’ll realize that you’ll not think about your business’ money nearly as much as you used to, because you know it’s all being handled.
- Your personal development and leadership skills are so important for the success of your business. If you have the goal to invest in something like a coaching program or conference, it can be hard to see that to fruition when your only option is to put the expense on a credit card. But if you set up a personal development Profit First account, you can slowly save what you need, and pay in cash when the time is right.
If you’ve been wondering whether to throw in the towel with Profit First, or if you’ve never tried it and this all sounds like the kind of success you want your business to have, we’d love to talk! Contact us today and we’ll help you determine what kind of financial decisions might be best for your company – today and in the future.