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Finance: Vince's Take on 2023 and What's Ahead for Companies in 2024

Finance: Vince's Take on 2023 and What's Ahead for Companies in 2024

FromThe GROW! Show


Finance: Vince's Take on 2023 and What's Ahead for Companies in 2024

FromThe GROW! Show

ratings:
Length:
14 minutes
Released:
Jan 24, 2024
Format:
Podcast episode

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.
Resources:
GROW! Conference Feb 2024 
The Grow Group  
Grunder Landscaping  
Marty Grunder LinkedIn  
Stihl  
Released:
Jan 24, 2024
Format:
Podcast episode

Titles in the series (51)

The GROW! Show is a show that highlights Marty Grunder's annual conference, GROW!. The GROW! show will showcase how anyone in the green industry can grow themselves, their team, and their business.