Uncovering Profit Leaks in Home Service Businesses
Description
As a business owner, understanding your own role in the company is crucial. It isn't just about managing day-to-day tasks, it's about financial responsibility. Recently, Mike Disney, owner of Winding River Recruiting (and former CEO of CEO Warrior), and I discussed the importance of being disciplined in monitoring numbers and job costing. It's about embracing the highest and best use of time to prevent profit leaks. Truly, understanding your business's identity can lead to profitability
In this episode we discussed:
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Understanding profit leaks in home service businesses
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Importance of financial responsibility and monitoring numbers
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Defining roles and focusing on the highest and best use of time
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Planning for profit and not treating it as an afterthought
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Overcoming the misconception that profit is bad or greedy
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Mindset and its impact on pricing services
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Avoiding assumptions about customers' affordability
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Importance of systems and processes for success and profitability
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Partnering with a financial person or accountant
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Taking action, avoiding complacency, and having a sense of urgency in business
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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