Business Strategy Archives

Your Business Story From Financial Reports

by Greg Herring | Feb 5, 2019 | Business Strategy, Leadership, Profit, Reporting

Originally published in November of 2016. Updated in February of 2019. Recently, I marveled at a management team as I reviewed their company’s financial reports. The company had a five-year growth rate (CAGR) of 28%. That growth rate is remarkable by itself, but it...

Employees’ Guilt About Profits Hurts Your Business

by Greg Herring | Jan 14, 2019 | Business, Business Strategy, Growth, Leadership, Mindset, People, Planning, Pricing, Profit, Results

Many people think your company makes too much money. What do your employees think? Do they have guilt about profits? (Note: this post was originally published on August 29th, 2016. It has been updated to reflect new data.) According to a Pew Research Center poll in...

9 Tools for Becoming the CEO of Your Life

by Greg Herring | Dec 6, 2018 | Business Strategy, Leadership, Mindset, Technology

Managing your life effectively can look a lot like managing your business effectively. We are so incredibly fortunate to be alive in an era when new productivity tools are constantly in development for making the most of our time here on earth. Technology improves...

2018: How to Make 12% Profit in Landscaping

by Greg Herring | Aug 29, 2018 | Business Strategy, Forecasting, Profit

From August of 2018, this two-part webinar series presented with Kevin Kehoe of Aspire Software explores what it takes to get to 12% profit for companies in the landscaping industry. 8/15/2018 – Part 1 8/29/2018 – Part...

Portfolio Analysis in Action — Select Case Studies

by Greg Herring | Aug 16, 2018 | Business Strategy, Planning, Portfolio Analysis, Profit

We have spent the past two weeks discussing portfolio analysis in great depth here on Profit. Value. Life. Now we will take a look at some portfolio analysis case studies. First, I introduced the benefits of portfolio analysis: greater margin—in both profit and life....

What Is Measured In A Portfolio Analysis?

by Greg Herring | Aug 7, 2018 | Business Strategy, Planning, Portfolio Analysis, Profit

As discussed in my last post, the chief goals of performing an in-depth portfolio analysis are to gain insight into ways to optimize a business and its profit margins. Net profit margin is a percentage calculated by dividing pre-tax net income by revenue. That...