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Someday is Here And You Still Don’t Need That Stuff

image of a Round Tuit

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“No one else sells this anymore.”

“People come in our store looking for stuff like this.”

“You can’t buy stuff like this anywhere else.”

“I might need that someday.”

These are all famous last words of hoarders. I know YOU are not one, in the extreme sense of those portrayed on the A&E hit television show. But are you a hoarder of a different kind?

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New Garden Centers in THIS Day and Age?

You’ve got to be crazy! Who, in their right mind would dare start a garden center now?

Well there are some people who are. Read about them in the Garden Center Birth & Re-birth room.

It is in the nature of our business that we’re approached by wanna-be garden center owners. The reasons for starting a garden center now are many, but these five are the most popular.

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STAY OUT of the Garden Center Graveyard

Airplane Graveyard

Graveyard of Defunct Aircraft

Why do they not ask for help?

The grave yard of garden centers is growing like the Arizona graveyard of defunct aircraft. Contraction of the airline industry has caused many older, inefficient and costly to maintain aircraft to be retired permanently. It used to be the case that new upstart competitors would buy older aircraft to start their companies, but it is actually less expensive to make the payments on newer machines that use less fuel, require less labor to operate, and require less repair and maintenance.

It saddens me to learn of such things as the pending closure of Porter’s Home & Garden Center near Ocala Florida. Ocala.com reported that liquidation of inventory has begun. The loan in default is backed by the business and the private homes of three of the Porter family owners. Continue reading

Saving Money IS Making Money

Saving Money IS Making Money

It is a simple principle: Saving Money IS Making Money.

When it comes to making money there is no faster way to do it than to hold on to what you have already earned.

We’ll discuss that for sure, but hold on because there is more to it than simply holding on to what you have and we’re going to discuss that as well.

A Penny Earned

You’ve heard the adage “a penny saved is a penny earned”, which is true, but would you consider that holding tightly to a dollar may also mean saving your company from the brink of bankruptcy.

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A BIGGER Big Payday

Make your Big Payday BIGGER

You Need A Bigger Big Payday

Not many years ago it felt so good to a garden center owner to have such a large amount of cash in the bank at the end of spring.  THAT is the BIG PAYDAY for all the hours, sweat, investment, and risk of the business. Then it was fun to figure out how to handle the money to reduce the amount of taxes that would have to be sent to the government. New SUV, greenhouse, benches, 401K?  Today that pile of cash feels inadequate to pay the bills to get through the year to even begin the next spring for many companies.

In any highly seasonal business the money taken in during the busy time has to do double duty. Spring income must provide a profit, plus cover the gap between current bills and income through the slower time of the year. What is needed is a BIGGER Big Payday!

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