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Building a Legacy: Profile of a Family Landscape Business
Manage episode 431772035 series 3562752
Konten disediakan oleh McFarlin Stanford and Tommy Cole - VP of McFarlin Stanford. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh McFarlin Stanford and Tommy Cole - VP of McFarlin Stanford atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
What does it take to build a multi-generational landscaping business that stands the test of time? In this compelling episode of Roots of Success, host Tommy Cole interviews Ryan Malone, a second-generation landscape professional who has defied the odds and transformed his family business into a thriving success story. Ryan shares his secrets for building a legacy company, from the importance of early morning rituals to the power of surrounding yourself with a supportive peer group. Discover how Malone has navigated the challenges of family business transitions, prioritized team well-being, and embraced strategic expansion to cultivate a flourishing enterprise. Whether you're looking to take your landscaping business to the next level or seeking inspiration for your entrepreneurial journey, this episode is a must-listen.
THE BIG IDEA:
Communication is key in family business transitions
KEY MOMENTS:
[05:27] New management opportunity in small maintenance division. [12:11] Communication and transparency key to successful succession. [16:17] Tracking client touches, closing percentage, and sales. [21:55] Prioritizing health and fitness is important. [25:37] Attended growth conference, joined peer group, transformed. [32:29] Success driven by the quality of people.
QUESTIONS WE ANSWER
1. What are the benefits of joining a peer group for business owners?
2. What strategies can help accelerate the growth and success of a landscaping company?
3. What role does a strong support system play in overcoming entrepreneurial challenges?
4. How can a family-owned landscaping business create a legacy spanning generations?
5. How can diversifying a landscaping company's services help hedge against economic downturns?
6. What are the key factors for successful communication and transition of leadership in a family-owned business?
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