Joey and Kevin go deep discussing all the lawn care numbers you should be aware of. We also have a quick conversation on the things school never taught you about building wealth.

Kevin Salters is a former GM of multiple million dollar lawn care companies. He has led lawn care teams of up to 300 people, and been a part of selling companies to TruGreen and Brightview. He is the owner of Root Development LLC in Connecticut.

00:00 Introduction to the Scaling Series

05:24 The Importance of Financial Foundations

09:57 Understanding COGS and Overhead

13:51 Building a Safety Net in Business

18:51 Tax Strategies and Prepayments

24:00 Leveraging Relationships for Profit

28:48 Comparing Business Financials: Russo vs. Solo

31:04 The Importance of Financial Clarity

33:15 Tracking Key Financial Metrics

37:53 Managing Labor Costs Effectively

42:26 Navigating Market Fluctuations

47:13 Understanding Economic Psychology

53:23 Material Costs and Pricing Strategies

58:46 Understanding Cash Flow in Lawn Care

59:58 The Importance of Financial Planning

1:03:19 Navigating Business Credit and Debt

1:06:26 The Significance of Personal Salary

1:09:40 Transparency in Business Operations

1:15:29 Creating Value Through Entrepreneurship

1:16:22 The Mindset Shift for Wealth CreationAbout the Host—

Joey and Megan Coberly are the founders and owners of The Landscaping Bookkeeper, a bookkeeping company for lawn care business owners. They specialize in teaching their clients how to understand their business numbers. When the lawn care business owner understands their numbers, they can make wise decisions that lead to profitability.

Links—

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