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How to Scale to a $1M Service Business
Manage episode 383742724 series 3527345
Discover how to scale your service business to $1,000,000. Learn how to transition from working in your business to working on your business, the power of delegation, and why understanding your numbers is crucial for success. Whether you're just starting or aiming to reach the million-dollar mark, use these real world experiences to transform your business journey. Join host Adam Sylvester, Dan Guest from Guest Plumbing & HVAC and Donovan Quesenberry from DIV Cleaning Service. This is an episode you don't want to miss.
Understanding business and profitability [1:19]
Importance of learning from mistakes [1:58]
Mentorship levels and the shift towards focusing on people [3:27]
Changes needed at different revenue levels [4:41]
Company culture, sales teams, and integrators for business growth [5:30]
Roles and positions needed in a million-dollar company [6:17]
Entrepreneurs ranging $250,000 to $500,000: habits for growth [8:22]
Get over limiting beliefs and trust the team to achieve 80% perfection [10:43]
80/20 rule for effective delegation [12:57]
Managing large volumes of tasks and how to staff them [14:50]
The value Jobber brings to Adam, Dan and Donovan’s businesses [17:15]
Revenue vs. profit at different revenue levels [18:23]
How to maintain profitability at $1M and long-term business objectives [19:33]
Hiring strategies and role assignment in expanding businesses [20:40]
Donovan shares insights from his mentor [21:54]
Staff efficiency and profitability during business expansion [23:05]
Cash flow management and cautious use of debt/credit [24:12]
Personal lending/banking guidelines and having a good accountant [26:10]
Different credit types and the importance of financial literacy for business growth [28:00]
Responsive decision-making based on current financial data (28:55)
Adam’s takeaway tips: work on the business not in the business, build one production crew at a time, build your business on fundamentals and know your numbers [30:36]
76 episoder
Manage episode 383742724 series 3527345
Discover how to scale your service business to $1,000,000. Learn how to transition from working in your business to working on your business, the power of delegation, and why understanding your numbers is crucial for success. Whether you're just starting or aiming to reach the million-dollar mark, use these real world experiences to transform your business journey. Join host Adam Sylvester, Dan Guest from Guest Plumbing & HVAC and Donovan Quesenberry from DIV Cleaning Service. This is an episode you don't want to miss.
Understanding business and profitability [1:19]
Importance of learning from mistakes [1:58]
Mentorship levels and the shift towards focusing on people [3:27]
Changes needed at different revenue levels [4:41]
Company culture, sales teams, and integrators for business growth [5:30]
Roles and positions needed in a million-dollar company [6:17]
Entrepreneurs ranging $250,000 to $500,000: habits for growth [8:22]
Get over limiting beliefs and trust the team to achieve 80% perfection [10:43]
80/20 rule for effective delegation [12:57]
Managing large volumes of tasks and how to staff them [14:50]
The value Jobber brings to Adam, Dan and Donovan’s businesses [17:15]
Revenue vs. profit at different revenue levels [18:23]
How to maintain profitability at $1M and long-term business objectives [19:33]
Hiring strategies and role assignment in expanding businesses [20:40]
Donovan shares insights from his mentor [21:54]
Staff efficiency and profitability during business expansion [23:05]
Cash flow management and cautious use of debt/credit [24:12]
Personal lending/banking guidelines and having a good accountant [26:10]
Different credit types and the importance of financial literacy for business growth [28:00]
Responsive decision-making based on current financial data (28:55)
Adam’s takeaway tips: work on the business not in the business, build one production crew at a time, build your business on fundamentals and know your numbers [30:36]
76 episoder
Alla avsnitt
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1 What Your Cancellation Rate Really Means and How to Improve It 27:28
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1 Get Leads from Multiple Service Areas Using Local SEO 27:40
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1 Stay Ahead with the Latest AI Tools and Trends for Your Business 27:12
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1 How to Double Your Sales Through Facebook & Google Ads 29:08
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1 How to Use Persuasion Selling to Win More Jobs 32:28
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1 How to Scale to $1M with No Marketing Budget 23:20
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1 How to Grow Even in a Downward Economy 30:47
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1 Our Top 10 Growth Tips to Help You Scale in 2025 31:14
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1 A Recap of our BEST Marketing Tips from this Year 27:53
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1 A Simple Audit that Costs $0, and Makes you Money 29:57
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1 Get High Paying Customers by Going the Extra Mile 36:31
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1 Free Marketing Strategies That Actually Work 31:40
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1 A Step-by-Step Guide for Maximizing Profit 24:53
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1 Navigating AI in Your Business: Balancing Tech and Human Touch 23:45
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1 Top Automation Hacks to Save Time & Money 24:44
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