It's not all about the 'books', and accounting where a service business can leak profits. It's in EVERY area of the business. I already shared 10 hidden profit leaks from some of the amazing guests I've had on the Profitable Home Services Podcast, and I have 10 more. Believe me when I say there ARE more areas we can dive into. I hope their insights on what they think are major profit leaks in a service business sheds light on your own business, so that you can plug them and put more money in your pocket.
Use this as a checklist to plug those profit leaks in YOUR home service business. I also give the links to the episodes to listen to the whole conversation to glean even more insights.
You'll learn to avoid:
Mistakes that create duplicate calls and work with Ron Saharyan
Forgetting about past clients that can generate repeat business with Bill McGowan
Confusing the difference between profit and cash flow with Mike Milan
Technician errors and callbacks by creating solid SOP's Diane Gardner
Using an outdated price book with Tersh Blissett
Paying employees who are not performing well (especially family) with Ellen Rohr
Overuse of meetings that waste time and money with Jeremy Lowe
Invisible costs of employee turnover with Rhamy Alejeal
A lack of checklists that foster 'wow' service with Dave Sullivan
Only marketing to new customers with Diane Gardner
Take action and stop your hard-earned profits from leaking out of your business!
Listen to all episodes at https://profitablehomeservices.com/
Get a free copy of the Path To Profits Book at https://yourpathtoprofitsbook.com
