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 […]
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Diversification and Investing: The Perfect Pairing
In the business world, terms are often tossed around in meetings and discussions with little context or that lack deep understanding. Some of these terms even rise to the level of “buzzwords” without an outline of what they mean or how they function in real life. As business leaders, we may find ourselves wanting to drill down on terms to ensure that our understanding is accurate, and our knowledge base is working for our business objectives. […]
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 […]
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 […]
Economic Growth Means the Time Is Right for Diversification
In the first quarter of 2017, the Federal Reserve raised its benchmark interest rate twice, a sign in the Reserve’s faith that the United States economy is finally beginning to perform again after a long downturn. The base interest rate is now between .75 and 1 percent (as of March 2017), which has inspired further confidence in the economy. What does this mean for you? Well, among other things, it means that now could be a perfect time to make an investment in the future of your business by diversifying. […]