Episode Details
Back to EpisodesFinance: Vince's Take on 2023 and What's Ahead for Companies in 2024
Description
From Covid credits and cash incentives to sky-high demand over the last few years, we’ve gotten into some habits that may be hard to break in our industry. Grow Group VP Vince Torchia talks about the three big challenges he saw companies face in 2023 and what companies should focus on to improve their chances for success in 2024. His three areas of focus are cash management, sales and revenue generation, and workforce development.
Discussion Points:
- 2023 - Cash, Sales, and Workforce Development
- Credits and artificial cash injections from Covid
- Laziness around A/R - stats
- Sales and revenue - focus is returning in 2024
- Workforce development has been great in 2023
- Check your banking relationships, goals, training programs, and more for a great 2024
- Consolidation, mergers, acquisitions
- 2023 saw some of the best sales many landscaping companies ever had
- Volume and margins
- Planning is key for your future
- Join us for GROW! 2024
The Grow Show podcast is sponsored by STIHL and brought to you by The Grow Group - a leading coaching and education firm for landscape professionals. Your host is Marty Grunder, president and CEO of The Grow Group and Grunder Landscaping Co., one of the most successful design-build operations of its kind in the Midwest. The Grow Show shares ideas, tips, tactics, and insights that will help you grow your landscaping business.
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