Here was my first lesson in small business finance – cash is your rarest resource and only use it to (1) buy an appreciating asset (building) or (2) something that generates revenue (new equipment). Otherwise do you need it? If the answer is yes, look at your financing options.
There are many types of budgets available to landscaping business owners. Here’s how to start your budgeting journey.
Stay in the black by drilling down on some essential management disciplines for profitability.
Numbers can work for you, not against you, with accounting that enables real-time decision-making and invoices that invite customers to interact with you
Once you understand how to run the business by the numbers, it becomes second nature. This is something you need to learn, though, so make time to drill down on numbers. This analysis keeps you accountable and improves your ability to sleep.
Remember: It is simple. Money comes in. Money goes out.
As a business owner, the following three financial reporting documents are your friend because, together, they provide the business performance details you need