The Enterprise Value Specialists at Ceibass have worked with many lawn & landscape business owners to transfer their businesses to employees, family members or completely new owners. And in their work they have noticed similar characteristics of these owners…prerequisites, if you will, to being successful in creating their financial freedom. Here is a look at some of their qualities:
They have the intention to create a great lawn & landscape business and sell it one day. It all begins with their intent. Sure, when they started out all they wanted was a job and enough revenue to make ends meet…but over time they saw the possibilities and made a commitment to build and own and ultimately transition their company.
They had the maturity to be responsible for producing a great company. They sought and found great help. They developed their employees. Overall they had a maturity to be responsible for it all, but not try to do it all themselves. They trusted people — their employees, vendors, consultants – and held people accountable for their roles.
They are honest about their strengths and weaknesses, what they need to learn, and how they need to improve their company. There is no denial going on. They have the fortitude and psychological strength to handle the ups and downs, the uncertainty, the competitive pressure and the constant need for improvement. And they do it for decades and decades.
They have cultivated humility and respect for all that needs to be done to run a successful company. They know they can’t do it alone. They credit to good help. They seek out others to help them run and improve their company. And they know that they have to take on the costs – time, energy, money and lost opportunity costs – to develop their people.
