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?
FOR SHOW NOTES & MORE, GO TO:
https://mcfarlinstanford.com/podcast/ep-034-building-a-legacy-profile-of-a-family-landscape-business/
