The costs for raw materials are up. Health insurance costs continue to climb. Labor is in short supply which typically means wages will go up. As of the US Job Openings and Labor Turnover Summary report released on June 5th, 2018, there are now more jobs available than people looking for work. According to…
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Preparing a budget does not have to be laborious. I hated wasted time; I also hate spending a lot of time on budgets. That view might strike some of you as strange given that it comes from a CFO (Chief Financial Officer). But the truth is that budgets do not have to take a long…
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I hate wasted time. How about you? I always seem to have more things to do with my time than time to do them. I figure I could fill two or three lifetimes with what I would like to do—in business and for pleasure. It is that time of year where every good…
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I do not know about you, but I have learned the hard way that it is easier for someone to interview well than it is for him to perform well in his job. How does this realization help me? It helps me remain a skeptic throughout the hiring process. No longer do I “fall in…
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True story: No one in my family knows what I do. I have been married for more than 30 years, and my in-laws still do not know what I do. It turns out that they are not the only ones. The world of accounting and finance seems to be a mystery to most people,…
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Many businesses fail because they fail to consider 3 important cash flow factors when they answer 2 fundamental strategic questions in strategic planning
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Is your growth strategy grounded in reality? Considering these three factors in your strategic planning will help you keep it real.
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Communicating your growth strategy provides focus to your employees. The result should be greater efficiency, innovation, and profitability.
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Answering these strategic questions can help you grow market share, be rewarded with superior profits, reduce risks, and improve morale.
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Since I have worked with several landscape companies as clients, I am sharing some of my lessons learned that are specific to that industry.
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