Every service has a standout feature that makes the difference between an acceptable service, and one that really stands out from the crowd. There are numerous options in terms of analysing your financial data: your accountant can produce an annual report; your bookkeeper can run payroll statement; or anything in between. But these all require extra leg-work from you to actually put into action. There are so many steps between getting your end-of-year statement from your accountant and actually making good decisions based on that information. And that’s where Elevate Profit stands out, not only will we be analysing your data in the background, we’ve also built a tool specifically for you to use that helps you instantly apply all the findings. It’s called the Guaranteed Profit Quote-Form (GPQ). Let us show you what it is, how it works and why it’s going to make all the difference in your landscaping business.
The GPQ is a tool you can use when quoting up for a project to make sure you are pricing the job in the best possible way. You enter the price you want to quote for the project into the GPQ, and this price is then split down into the 7 key numbers that help you operate your business. It will help you see how much money is in the job for yourself, helps you see how much you should be spending on materials and helps you know if you are likely to go over-budget before you actually do.
These are not just randomly generated numbers - the numbers are linked directly into your analysis. The relevant data is extracted into the GPQ which provides you with precise budgets for your project that guarantee you will make a profit. We analyse all your data in the background to produce these numbers for you. Armed with these figures, you can do tonnes of preparation to guarantee a profitable project. You can calculate the cost of all materials and ensure they come in under budget; you can work out the cost of plant hire and see if you quoted price has provided the budget to cover the hire effectively; with a wages budget, you can see exactly how many days you have to complete project before you go over-budget and begin to lose money; and if any of these numbers don't look right, it gives you the opportunity to tweak your price to ensure you are happy before sending it to customers.
There is a good example of where landscapers commonly compromise the profitability of their company without realising it: imagine a company quotes for a project and works out the materials will actually cost £500 more than they initially quoted. What’s the best thing to do here? Worst-case scenario, the business will just absorb the extra cost and continue with the project at the initial price, uh-oh. Best-case, they add £500 onto the quoted price and use that to purchase the extra materials; not the end of the world, Right?
But this has compromised your profitability and you may not have even realised. By just adding the additional cost onto the quote price, this means you are no longer operating to the same profit margins as you were before. Margins are what makes your business' finances predictable. If your materials budget has gone up by 25%, all other budgets need to do the same and the new quote price needs to cover all these increases. By upping just one budget and not the rest, the profitability of the project is jeopardised and profitability is the lifeblood of your business. If you are operating on specific margins, you need to do absolutely everything you can do maintain them. Predictable margins make predictable profit, and with predictable profit you can predict pretty much everything else. The GPQ forces you to spread any increase across all spending budgets which keeps your margins predictable!
The only thing you need to do is to stick to the budgets that the GPQ generates. If you stick to these budgets, you will always make a profit. Hence, the name the guaranteed profit quote-form.
So stop operating on gut-feel and start implementing simple, actionable financial analysis in your business. Fill out this form with as much detail as you can and we will be in touch very shortly to get started!
Get started, risk free, with your first month for FREE including no setup fee:
