Running The Numbers

For today’s episode, we're not just talking about surviving the constant rain; we're discussing how to excel through cash flow forecasting, job costing, and strategic planning. Whether you're considering a new venture or want to ensure your current projects are profitable, this episode is your key to success. In this rainy March, I'm here to delve into the important practice of managing your finances – the foundation of business growth: - The Importance of Cash Flow Forecasting & Business Planning: Managing your finances isn't just a good habit; it's essential. Whether you're making decisions about growth opportunities or evaluating new ventures, understanding your financial situation through cash flow forecasting and business planning is your compass through the challenges. - The Importance of Cash Flow Forecasting & Business Planning: Managing your finances isn't just a good habit; it's essential. Whether you're making decisions about growth opportunities or evaluating new ventures, understanding your financial situation through cash flow forecasting and business planning is your compass through the challenges. - Job Costings: To truly know if we're making a profit, we need to examine our jobs closely. This means assessing pricing, labor, materials, and all other expenses compared to income to ensure each job is financially rewarding. - Can You Afford It?: Before adding new services or team members, such as an in-house garden designer, we must consider the full range of costs. It's not just about wages; it includes equipment, office space, and other overhead expenses. - Increasing Revenue & Marketing: Growth is not just about covering costs; it's about expanding revenue. Understanding the number of additional jobs, average project values, and the number of leads we need is crucial. Our marketing strategies should adapt to our evolving services, attracting the right leads for our new ventures. - Reflecting on Practices and Making Adjustments: Regularly reviewing job costings, marketing strategies, and operational practices is essential. Adjusting our approaches based on real data ensures we continually improve efficiency and profitability. - Empowering Our Teams: By providing clear job instructions and work schedules, we empower our teams to take ownership, leading to better project outcomes. This allows us to focus on higher-level business growth strategies. - Exciting Collaborations and Learning Opportunities: I'm thrilled about the upcoming webinar with Kendall from Builder Story, focusing on a blend of traditional and digital strategies for business growth. This is an opportunity to expand our knowledge and drive our businesses forward. In everything we do, our focus is on making informed decisions to nurture our businesses into flourishing landscapes. We leverage numbers, forecasts, and plans as tools to cultivate success. If you're eager to grow, I'm here to help you plant the right seeds. Let's bring success, not just weather the storm. See you in the next episode, and here's to hoping for sunnier skies and prosperous times ahead! The Landscaper’s Coach & Podcast Call us on: 02381 800 102 Email: [email protected] Send us a DM on Instagram with any questions you might have @thelimitlesslandscaperspodcast. Follow TLC on Instagram: @TheLandscapersCoach Follow our Podcast on Instagram: @thelimitlesslandscaperspodcast Follow me! Paula Warman on Instagram: @warmanpaula Website: https://www.thelandscaperscoach.co.uk