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 […]
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5 Mistakes to Avoid When Taking Over A Family Business
The family-owned business is the ultimate American dream for many. Yes, there are certainly tough times, but so much pride and a sense of accomplishment when successes are reached. However, there is no guarantee that your family-owned business will be successful and endure for the long haul. The often-quoted statistic about the family-owned business is that “90% of family businesses will not make it to the 3rd generation.” Spring-Green’s ongoing support and dedicated business consultants work with business owners to keep them from falling under that statistic. Whether you are the family member taking over your family’s business or an outside entrepreneur […]
The Four Types of Diversification Strategies
As the workforce continues on a trend toward globalization and as competition becomes steeper than ever before, the need for a diversity strategy is transitioning from a “nice to have” to a necessity. Use this brief guide to help you unpack the four types of diversification and the strategies that align with each one.
A Deep Dive Into Diversification & Why It Matters
Diversification is a buzzword that’s often thrown around as the secret sauce to success in your business. Still, truth be told, many of us may not have a deep understanding of what diversification actually entails and why it even matters. Let’s unpack what it means to diversify your business and get maximum returns on your investment in your business.
How to Set and Achieve Winning Business Goals for 2019
As another year draws to a close, our thoughts turn toward 2019. A whole new year filled with endless possibilities stretches out before us and it’s hard not to be enthusiastic. Wouldn’t it be great to keep that enthusiasm going long enough to convert some of those goals into reality for your small business? You absolutely can! Here are some ways to set new goals for 2019 and improve your chances of achieving them. Successful Goal Setting For Your Local Business Take Stock of Your Present Situation You cannot effectively […]
How to Cut Labor Costs In Your Business Without Layoffs
Without a doubt, the cost of labor is the single largest expense for most businesses. The employees you keep end up costing more than the base hourly wage or salary you’re paying them, due to taxes and insurance, but a business can’t run without the people who make the work happen. Take a look back at how your business fared this spring. Does your profit margin need a boost? If so, perhaps you’re considering your options. You could lay off a few employees, but you know that will decrease morale […]
Special Offers & Loyalty Programs to Gain and Retain Customers
Often when a customer calls your business, one of the first questions they ask is “how much does this service cost?” Customers are always looking for the best value—a good quality service at an affordable price. An effective way to hook customers is to provide special offers and programs that entice customers to try out your services. Then, once that person has become a customer, those same offers and programs are what will help you keep them. Implementing Special Offers & Loyaly Programs In Your Business Make a loyalty program […]
5 Checklist Tips to Help Grow and Organize Your Company
Checklists—they can make your business life so much easier. If you want to get control over your company’s spending, evaluate your teams performance on job sites, and organize every department, then you need to incorporate checklists to meet your goals. Checklists to Consider In Your Business As you probably realize, there is a slew of checklist templates available online. But do you know which ones are the best for your green industry company? Your managers or crew leaders benefit the most from checklists. So, empower them to take their leadership roles […]
Growing Your Green Industry Business: 5 Tips for Hiring Support Staff
As your green industry business grows, it becomes less and less reasonable to assume you can handle all the day-to-day management of the operation. Don’t try be a hero by putting all the pressure on yourself to keep the ship upright. Hiring the right support staff can remove some of that pressure and help you focus on the bigger picture, like future growth or even your exit strategy. We asked some of Spring-Green’s seasoned operations staff for their tips on hiring support staff as you scale your business. Here’s what […]