Profit. Value. Life.: Recent Episodes
Greg Herring
What is the importance of narrative for both current and prospective customers when you are planning a needed price increase? Learn about the impact of narratives and see the impact of pricing on profitability in this brief talk from Greg Herring.
See the power of portfolio analysis through real-life case studies in the landscape industry. Discover how huge opportunities were brought to light to improve net profit margin and net profit.
What exactly do you measure in a portfolio analysis? This week we will review the requirements for a portfolio analysis, and how to characterize the extremes that the analysis will reveal about the profitability of your customers, divisions, and products or services.
Portfolio analysis takes a high-level look at a business and picks "winners and losers" to inform a strategic course. This is the first podcast in a series of three that discuss how portfolio analysis fits in the annual strategic planning process.
Price increases can be a tricky proposition. The question is, when is the right time to raise prices, and when should you keep your prices as they are? There are four big questions to ask before you raise prices. See the written blog at https://herring-group.com/when-is-the-right-time-to-raise-prices/
Preparing a budget does not have to be laborious. Stop wasting your time. Listen to my step-by-step approach to easy and efficient budgets that produce results for landscape companies.
Despite the view that doing a budget for your landscape business is a best practice, it just might not be. Greg Herring of The Herring Group explains when budgets are valuable and when they waste time. See related blog post: https://herring-group.com/budget-worth-time
A speech by Charlie Munger, Warren Buffet's partner for many years on misjudgements that people make in life, investing and business.
Greg Herring of The Herring Group explains how you can hire an outstanding bookkeeper, CPA, controller and virtual CFO, including specific questions to ask candidates for each specific role. See related blog post: https://herring-group.com/how-to-hire-bookkeeper-controller-virtual-cfo/
Business owners should not spend their time re-inventing accounting. Greg Herring of The Herring Group explains when you need a controller verses a bookkeeper, and when you need a virtual CFO. See related blog post: https://herring-group.com/cfo-controller-accountant-bookkeeper-cpa/
Greg Herring of The Herring Group explains how many businesses are unsuccessful because they fail to consider 3 important cash flow factors when they answer 2 fundamental strategic questions in strategic planning. See related blog post: https://herring-group.com/thinking-cash-flow-growth-strategy/
Is your growth strategy grounded in reality? Considering these three factors in your strategic planning, Greg Herring of The Herring Group will help you keep it real. See related blog post: https://herring-group.com/reality-factors-growth-strategy/
Greg Herring of The Herring Group explains how communicating your growth strategy provides focus to your employees. The result should be greater efficiency, innovation, and profitability. See related blog post: https://herring-group.com/three-people-factors-influencing-growth-strategy/
Greg Herring of The Herring Group explains how answering these strategic questions can help you grow market share, be rewarded with superior profits, reduce risks, and improve morale.
See related blog post: https://herring-group.com/strategic-questions-to-ask/