Lawn and garden companies employ some of the hardest working professionals in the United States. According to the most recent Lawn and Landscape annual report on the profession, lawn and garden companies struggle with:
- Tighter margins
- Personal stress
- High fuel costs
- High insurance costs
But the number one issue these companies are facing is a serious labor shortage. This will require companies to increase employee pay as well as find new creative ways to attract talent.
With inclement weather increasing, lawn and landscape companies will likely feel increasing pressure. For the 19% that make annual revenues of less than $50,000 annually, as well as the 24% making more than one million annually, the issues are the same, just at different scales.
What happens to these companies, though, when their clients refuse to pay? How does a past due balance affect the tight profit margins of lawn and landscape companies? How can small companies even find the time to pursue past due accounts receivables, with so many other challenges cropping up like dandelions in an unkempt suburban lawn?
Having a collection service like Rocket Receivables means lawn and landscape companies can cultivate a greener bottom line and focus on what matters – building their business and servicing their clients.