Considering all the planning and preparation involved, it’s no surprise that business owners in the services sector get pretty excited when they bring a new service offering to market. But then what? Just adding another line item to the menu isn’t likely to attract much attention. How do we gain better traction with our existing customer base when rolling out a new service? Here are a few ways to effectively introduce a new product or service to customers. Introducing a New Service or Product to Customers While there may be […]
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4 Questions to Ask Before Diversifying a Business
Diversification is a strong business strategy, but it is also a big business decision. Having the right approach and willingness to learn is a great first step. Investing in a business requires thorough evaluation and contemplation. Your careful research will guide you toward the right decision. As you narrow down a shortlist of contenders, you get into the deep research phase known as “discovery”. During the discovery phase, you need to dive below the surface to truly ascertain if there is a good fit between you and the business you […]
How To Manage Cash Flow During The Slow Times
Cash flow is a necessity for your business. It’s the current that keeps things moving. When cash flow becomes strained, hard days may lie ahead. For the longer term, cash flow management can help your business grow, compete successfully and increase its market share. No matter the industry, product, or goal, cash flow is essential. So, let’s explore all things related to cash flow and then outline tips to help manage cash flow during your slow time. First, what exactly is cash flow? Cash flow can be described as cash that comes into and out of your business in a particular period of time. Positive cash […]
The Recurring Revenue In Pest Control
Recurring Revenue can be the lift to your business’s bottom line you’ve been searching for – and pest control can offer that additional revenue stream you seek. As a Spring-Green Business Owner, you’ll tap into a powerful network of brand power, quality services, and behind the scenes processes to help you build a diverse and growing business. Let’s start with a few definitions and explanations. What is Recurring Revenue? The Recurring Revenue business model is when a customer signs up for a product or service in exchange regularly for a recurring […]
Should You Convert Your Green Industry Business to a Franchise?
You’ve spent years developing your own business and building a loyal customer base that looks to you as the local green industry expert. And rightfully so, as you have amassed the kind of local knowledge that can only be acquired through years of experience. For any number of reasons, you may have considered converting your local business to a franchise or expanding your service offerings by adding on a specialty franchise. Would converting your business to a franchise be a good move for you? The answer to that question must […]
Five Reasons Why You Should Join Your Local Chamber of Commerce
Many towns and metropolitan areas have a local Chamber of Commerce that organizes small businesses with the goal of furthering business interests and developing local networks. Chambers of Commerce will also work with the local government to represent the business sector when discussing city initiatives. You might be thinking this sounds great and all, but you’re just too busy to be involved with one more thing. Plus, a membership does cost money. However, being a part of your local Chamber of Commerce offers many benefits that can make the time […]
4 Key Strategies for Diversifying Your Green-Industry Business
There are plenty of reasons for green industry business owners to diversify their businesses: from the need for new revenue streams to gaining recurring revenue or preparation for an eventual successful plan or other exit strategy. Whatever the reason, it makes good business sense to actively pursue growth and adaptation over the life of your business. Whatever your motivation for diversification, there are plenty of ways to tackle this important task. Here are four strategies for diversifying your green-industry business. 1. Expand your services to a new location Diversifying doesn’t […]
6 Questions to Ask Your Accountant For A Profitable 2018
One thing you can always count on is taxes. However, you want to be able to keep more of your money than giving it away. So you should take advantage of tax credits and deductions to keep more of your hard earned money in your company. And you may be able to keep more of your money when you ask your accountant key questions. Questions To Ask Accountant For a Profitable 2018 1. What new tax deductions and credits are available this year? You need to ask your accountant this […]
QuickBooks Best Practices: 7 Tips to Maximize Your Financial Management
If you’re running a green industry business, financial management software is a must-have to account for revenue for work completed, record daily expenses, and take inventory to properly allocate material costs. From all the software options available, the majority of small business owners have opted for QuickBooks: As of 2015, QuickBooks enjoyed an 80 percent market share of U.S. small businesses that use financial management software. But many have only scratched the surface of the tool’s capabilities: For even the most seasoned QuickBooks users, there’s always plenty to learn about […]
Extend Your Season With These 7 Add-On Services
Where there’s a will, there’s a way. If you want to increase your revenue into the late fall and winter months, you can include add-on services to your lawn care, landscape or pest control company. Not only can you keep business rolling throughout the year, but you can transform your company from a seasonal business to a four season business – where you’re adding value to your current customers’ properties. You can start marketing your new services during the growing season. Add door hangers, post on social media and include […]