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Is your money slipping through your fingers?

Want to eliminate a lot of stress? Invoice and review A/R & A/P reports on a weekly basis with your team. Too often I speak with owners who have completed a lot of work but haven’t invoiced or collected on those projects and find themselves in a cash flow crunch.

If you review the following items weekly you will always have a clear understanding of where you sit financially. Waiting too long to invoice, or to follow-up on outstanding invoices can often result in the final payment never being collected, since many owners feel awkward trying to collect on a job that’s been completed for a long time. 

Weekly Accounts Payable/ Receivable Checklist:

  • Create invoices for work completed in the last 7 days
  • Create files for work to completed next week 
    • Track incoming receipts per job 
  • Follow up on outstanding invoices from the last couple of weeks
  • Review incoming payables
    • What needs to be paid this week
    • What gets paid at the end of the month

Do you avoid reviewing AP and AR...

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Book of the Month: Measure What Matters

As I’m sure you will assume by the title of the book, Measure What Matters is about figuring out what really matters and how to measure it.

Author John Doerr does this through the use of Objectives and Key Results (OKRs), a revolutionary approach to goal-setting, to make tough choices in business. Through a broad range of first-person, behind-the-scenes case studies, John demonstrates the focus, agility, and explosive growth that OKRs have spurred at so many great organizations.

You’ll learn the 9 steps to implement the OKR system, get an in-depth look at the 4 super powers that come from using the OKR method and learn how to build a positive culture within your organization.

An added bonus in the book is the checklist at the back to help you walk through implementing the OKR process the first time, as well as some tips to make the system work for you. I loved all of the different examples given because it helps you to see the process in action. 

For a more in depth synopsis of the...

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Overtime Hours: Do you or do you not need to pay them?

Legislative requirements regarding overtime pay are often changing and being updated, making it hard to keep up.  We are all familiar with the classification of “Landscape Gardener” as per the Employment Standards Act and the exemption in the Act for paying overtime, public holiday/public holiday pay and excess hours. (Landscape Gardener Classification Exemption ) 

But are you aware that building retaining walls for structural purposes, installing lightning systems, or spraying roads and industrial sites for weeds would not fall under that exemption? (Landscape Gardener Classification Exemption ) That would mean that any construction, including the building of retaining walls, would be classified under “CONSTRUCTION” and therefore the employee is eligible for different things, such as overtime after 44 hours/week. (Construction Classification Exemption)

The real kicker, though, is Snow Removal business operations. As per the Employment Standards Act and special rules (O. Reg. 285/01 ...

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5 Common Mistakes Business Owners Make

Successful businesses don't happen by accident. Business growth requires strategic planning and a commitment to work on your business and not just in your business. There are 5 important reasons why your business isn't reaching its full potential, despite all your time, energy and hard work. 

Mistake #1 - NOT SHARING YOUR LEADERSHIP ROLE

Are you trying to do everything yourself? We encourage you to start by looking at your own leadership role in your business. Have you identified what kind of leader you are? Is your leadership style serving your team well so that your business can grow and operate without you?

Mistake #2 - NOT LISTENING TO YOUR CUSTOMERS

Do you understand your customers?

You wouldn't have a business without your customers but at the end of the day, do you understand their behaviour? You have the power to create loyal ambassadors to your company by giving your customers a great experience and managing their expectations.

Mistake #3 - NOT INVESTING IN YOUR STAFF

A...

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8 Things A-players are looking for

A-Players. Every employer is asking for them, but what are you doing to attract them? 

There are certain things that A-players are looking for from prospective employers.

8 Things A-Players Want:

  1. To work with other A-Players. Are you willing to make a position available if an A-Player applies for a job at your company?
  2. Accountability. Does your company have accountability and measurement tools to make the company better? 
  3. To know what the long term goals are for the company. Are you sure of your long term goals? Have you shared that with your staff?
  4. To not be part of a stagnant company. Are you evolving and changing? 
  5. The opportunity to grow within the company. What are you doing with your current staff to nurture them in their personal and professional lives?
  6. To not hear phrases like "that's the way we have always done it."
  7. Financial transparency. Business is a game, what are you doing to keep score with your team? 
  8. Owners who are developing themselves. As a leader in your...
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Book of the month: Business Made Simple

The book we are recommending this month is written differently than any other business book I have read. Business Made Simple by Donald Miller consists of short, daily readings to be completed over the course of a couple of months.

I love this because it breaks down business concepts into bite size pieces and gives you time to reflect on what you’ve read. Having time to digest one thing at a time makes it easier to see how you can apply the concepts to your business.

It’s the perfect book to read during the busyness of the spring season.

Throughout the book you will be introduced to the nine areas where successful leaders and their businesses excel:

Character: What kind of person succeeds in business?

Leadership: How do you unite a team around a mission?

Personal Productivity: How can you get more done in less time?

Messaging: Why aren't customers paying more attention?

Marketing: How do I build a sales funnel?

Business Strategy: How does a business really work?

Execution: Ho...

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Effective Communication with Donald Miller and Andy Stanley

If you have been following us for a while, you know I listen to Andy Stanley’s podcast. If you don’t already follow his podcasts, I highly recommend them. 

Last year Andy interviewed Donald Miller and they chatted about effective communication and the role it plays with your team. “People will not move into confusion, but they will follow clarity.” How timely is that quote based on what’s happening right now?

My takeaways from this episode are the five questions to ask yourself when you’re planning your weekly meeting:

  1. What do your teams need to know? Pick one point and build your meeting around that central idea.
  2. Why do they need to know it? Answering why keeps them listening. Let them know what’s at stake.
  3. What do they need to do? Be specific.
  4. Why do they need to do it? Help them understand why they should do what you have suggested and what is at stake if they don’t follow through. 
  5. How can you help them remember?

You can listen to the podcast HERE.

Do you already ...

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10 Tips to Release Spring Pressure - Part 2

How has the last week gone? Were you able to implement any of the tips suggested to help alleviate feeling like a firefighter? As promised, here are a few more from Bruce Wilson of the Wilson-Oyler Group:

  1. Delegate. Take a look at your to do lists and identify what can be done by others. It may take them a little longer than it would you, but that’s okay. It’s better if a job takes a little more time and gets completed, than to not get done at all because you’ve run out of time. You can’t do it all, delegate to your staff.
  2. Slower can be faster. Sometimes you go so fast trying to keep up that you lose sight of the big picture. Prioritize so you don’t miss what’s important.  
  3. If your crews are scheduled to work in inclement weather make sure scheduled tasks can be done effectively in the rain.
  4. Rely on your team. When you start falling behind, don’t be afraid to ask for help .Senior managers are there to help you be successful. 
  5. Important, not urgent, things usually have the most im...
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10 Tips to Release Spring Pressure - Part 1

With the beauty of spring comes the stress that accompanies the start of the season for landscaping companies. It’s been nicknamed the “100 days of hell” because of the chaos that so often ensues. This year, much like last, we have the added stress of COVID-19 and the stress of the unknown when it comes to zones and restrictions. 

As Bruce Wilson put it, “In less disciplined organizations, spring makes everyone a firefighter”. You’re constantly putting out fires, it gets out of control quickly and by the time you see the financial impact, it is too late to do anything about it. Some companies never escape the spiral.

If this is sounding a little too familiar (and uncomfortable), here are a few tips Bruce Wilson suggests to help you move out of the firefighting space permanently:

  1. Understand the difference between routine and non-routine work. Weekly maintenance is routine work, while nonroutine work includes things like post-winter cleanups, mulching, planting, etc. 
  2. Non-routine w...
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Importance of Keeping Organized

Spring is here which means things are typically happening at lightning speed. Although there are a lot of unknowns this year, keeping organized is not only a nice idea, it is crucial to you and your team's success. 

Here are a couple tips that will help ensure the important things are not slipping between the cracks:

  • Create a written plan for the day. Preplan all of the repeat tasks that often fall through the cracks and use the rock, pebble, sand method to ensure the most important things are scheduled first. 
  • Leverage a calendar. Leave some whitespace between tasks so that if something comes up, it doesn’t derail your entire day.
  • Block out distractions.
  • Delegate tasks you do not need to do.
  • Track how you are spending your time.
  • Eliminate unnecessary tasks.

I also encourage owners to pay attention to how much time they spend on the phone and with whom. Is it your management team or are you getting calls from staff and crew leaders regularly? 

If crew leaders are calling y...

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