Think about why you started your business. Maybe you were 15 years old, mowing lawns for neighbors during the summer to raise money for your senior trip. Maybe you graduated from college and loved being outside so much you found a way to make it your job. Whatever your reasons were then, chances are you aren’t spending a ton of time mowing lawns or enjoying the outdoors these days. So what’s your “why” now? And do you have an exit strategy planned? These are all important questions to ask yourself […]
“Investing in your Success”
Spring-Green Exit Strategy
When Is the Best Time to Diversify Your Green-Industry Business?
“If you’re not growing, you’re dying.” This well-worn aphorism has been attributed to seemingly hundreds of figures: poets, actors, business leaders, motivational speakers. While we may never know who first uttered the words, they ring true nonetheless. And they can be applied to personal as well as business growth. Many businesses have learned the hard way that placing faith in one revenue stream can be fatal: Blockbuster Video, for instance, ignored the signs that streaming was the way of the future — signs Netflix capitalized on — and their brick-and-mortar […]
Succession Planning: What Is Your Exit Strategy?
There are plenty of ways to leave your business when it’s time to retire (or you’ve just had enough), from simply closing your shop to selling your business model to another business. You can sell to one of your employees, or keep the business in your family for generations to come. Matt Holker, and his son, Greg, began as Spring-Green Lawn Care Franchise Owners in 2006. Over the past 10 years, the business has grown, taking in neighboring territories, as well as bringing Matt’s other sons, Luke and Kevin, on […]