Stop the Money Drain: Finding Hidden Cash In Your Service Business
Description
On this episode of Profitable Home Services Podcast, I shared a topic that many businesses in the home service industry grapple with - cash flow leaks. There are various areas where businesses often experience these silent profit leaks. The information in this episode could help you identify and address these leaks in your own business.
In this episode, I shared:
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Cash flow leaks in the home service industry
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Examining overhead expenses and distinguishing wants vs needs
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Reviewing credit card and bank statements for hidden costs
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Optimizing labor efficiency and minimizing unnecessary trips
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Accurate job costing and monitoring material ordering
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Tracking marketing channels and return on investment
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Investing in customer service representatives and maintaining customer relationships
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Properly managing truck and van inventory
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Preventing profit leaks through revisiting fully burdened labor cost
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Monitoring callbacks and ensuring quality work
Listen to all episodes at https://profitablehomeservices.com/
Get a free copy of the Path To Profits Book at https://yourpathtoprofitsbook.com
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