Did you know that many historians believe that the month of May was named for the Roman Goddess Maia, the goddess of growth? This got the enterprise value specialists at Ceibass thinking about May and growth in new and more effective ways.
“When most of us think about growth in the lawn and landscape industry we think about increasing revenues, profits or territory,” said Tom Fochtman, Ceibass CEO. “This is as it should be. It’s good. We think about helping companies acquire businesses, selling businesses, or transferring ownership of businesses to employees. But ‘growth’ can be so much more than that. It can be incremental improvements in systems, in leadership, in management, and customer satisfaction. These little things can advance your company so that growth shows up on your bottom line.”
So in celebration of May and the goddess of growth, the team at Ceibass offer up these actionable ideas on ways to promote “growth” in your company:
- Spend more time with your employees and really engage them in your company’s mission, vision, and values
- Take time to celebrate little successes and let your team know you appreciate them
- Seek better contracts that protect you from rising costs of fuel or energy use
- Work with your vendors to anticipate supply chain interruptions
- Give your best customers a gift of something special
- Take on the costs of learning new technology – get more and more digital
- Be on the forefront of climate change, water usage, proper plant selection, and reduction of your carbon footprint
- Seek an acquisition to inflate your territory, become more efficient, develop additional service offerings, or reduce supply chain disruptions
- Take the time to join NALP and increase your team’s knowledge with its great educational resources
- Support the lawn and landscape industry
- Really get to know your competitors and what they do that is different and better than what you do – then bridge that gap
- Seek better and more skilled members for your team – recruitment is a 24/7/365 job
- Know what your company is worth and how to increase its value