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It is something that every business owner will need to think about. Who will run your business if you can’t? What would happen if you were incapacitated and not be able to take care of the day to day operations? How long do you think your business could operate without you at the helm? These…
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Canadians continue to feel the impact of rising prices in July as consumer inflation rose to 8.1% year over year. This was the largest yearly increase since January 1983 and up from a 7.7% gain in May. However, several input costs for contractors have increased much more than 8.1%. The July reading came as energy…
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8 RULES OF TIME Maximizing the return of productivity, time or contentment can be accomplished if you clearly understand the 8 Rules of Time. 1. Set Daily Goals a. Goals become the compass on where you want to end at days completion b. From your goals, you can determine what’s important, not important, a priority, or not a priority 2. …
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Six Characteristics of Highly Functional & Accountable Teams How do you get everyone accountable to EACH OTHER and the CUSTOMER, and not focused on their MANAGER? Accountable people will Reassess, Re-strategize and do something different to get the desired results! Each team/company needs to go through the following process: 1. Have a clear and accepted purpose:…
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WORK IN PROGRESS (WIP) WHY is it Important? WHAT IS A WORK IN PROGRESS (WIP) SCHEDULE? At a basic level, WIP reports show the status of a construction project and contract: whether it is on budget, over-billed, or under-billed, as compared to the project timeline. But this simple statement refers to a wildly complex cash flow,…
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Know your Worth: Valuing a Landscape or Construction Company A business valuation is a general process of determining the economic value of a whole business or company unit. The two main reasons why someone would have their business valuation completed is to determine the sale value or to establish the share price for adding shareholders. Valuing…
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FUEL SURCHARGE – YES OR NO? Information:– Fuel prices have increased 25-30% within the last 3 months in Ontario, Canada– So, should contractors start adding a fuel surcharge on their client invoice? Before jumping into this, I would challenge you and with these questions: 1. What are your current fuel costs as…
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The Secret to SUCCESSION –X + Y + Z = 100% Experts say one of the biggest crises facing businesses is the imminent succession wave, as thousands of baby-boomer entrepreneurs prepare to retire and pass their companies on to other people. The risk is real! The average life span of a family-owned business is 24 years…
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You love your business, but that doesn’t mean you can afford to work for free. Yet, figuring out how to pay yourself as a business owner can be complicated. You need to think carefully about how you take money out of your business. Typically, that’s done one of two ways: a salary or an owner’s…
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6 Steps in Building a Business! The trouble of most skilled trade companies is that they are dependent on the owner. Most owners in the landscaping and construction industry did not start their business because they excelled in accounting, human resources, strategic planning or wanted to build a brand. They started their business because they…
Read MoreIf you're tired of being the bottleneck or ready to grow your business beyond you, TRUEHELM is your next chapter.
You stay in control.
We bring strategic firepower.
Your business gets stronger and more valuable.
