I’m betting you didn’t start your business to become a financial expert. You’re not alone. The overlap between financial accounting geeks and green-industry pros is pretty slim. But it pays — literally — to understand the basic finances of your business. Not only should you be able to read your profit and loss statement (otherwise known as a P&L), but you should also understand how to use the data on the statement to run your business smarter and more efficiently. To help you develop that basic understanding, let’s take a […]
“Investing in your Success”
Spring-Green Profitability
Green Business Tips—5 Ways to Increase the Profitability of Your Business
A lawn care business can be very profitable, but the secret to that success is having a mix of additional services that can be performed at the same time as a lawn application. If you want to increase your profitability, encouraging customers to add additional services will go a long way in boosting your business’s bottom line. For instance, some additional services have material costs of as little as three percent. Meanwhile your labor cost is incremental if you are already there performing a service. When you have multiple services […]
Adding Complementary Services to Your Green Business Increases Profitability
When it comes to lawn care there are many different levels of service offerings that green industry business owners start with. Maybe you have handled residential or commercial mowing only, or perhaps you have offered design/build, lawn renovation, or landscape design. No matter what your green industry business currently offers, you already understand that by adding the right additional services there’s a good chance you’ll improve both your profitability, customer satisfaction, and customer retention. The key is knowing which services you should choose to expand or diversify. What Are the […]
Seeking Greater Profitability? Green Industry Business Owner Achieves Triple Digit Growth.
Background: Jason Vahle, owner of Green Thumb Lawn Care n’ Landscape in St. Charles, Missouri, wanted to refocus his maintenance business on lawn care, and he hoped to make the business profitable from the start, skipping major growing pains. Problem: Jason’s maintenance company offered multiple services to keep busy and to turn a profit. “Historically I would start each year with my goal being to sell as much as I could until the end of the year,” Jason explains. Idea: Jason wanted to refocus his efforts on lawn care. However, […]