Does this sound familiar? You've been diligently working in the home services industry, but you're struggling with managing your finances and maximizing profitability. You've been told to simply track your expenses, but it's not producing the desired results. The pain of watching your hard-earned money slip through your fingers without seeing any significant growth in your business can be frustrating and disheartening. It's time to shift gears and explore the crucial role of job costing and expense management to finally achieve improved financial management and increased profitability in your home service business.
In this episode of the Profitable Home Services podcast, Diane Gardner interviews Tersh Blisset, the founder of Service Emperor and host of the Service Business Mastery podcast. They dive into the crucial role of job costing and tracking expenses in the home services industry. Tersh shares personal experiences that highlight the importance of regularly updating systems and accurately tracking costs. He emphasizes the need for job costing, even for small jobs, to understand where cash is being spent.
Tersh also discusses the challenges his company faced during the COVID-19 pandemic and how they navigated supply shortages and labor issues.Gain valuable insights into the impact of changing prices in the industry and the necessity for technicians to understand the financial aspects of their work.
In this episode, you will be able to:
Absorb the necessity and advantages of embedding automation in your home service business model.
Learn the delicate art of balancing delegation with automation for the smooth running of your business.
Uncover the vital role of meticulous job costing and expense tracking in the home services universe.
Realize the staggering impact of strategically changing prices, underpinned by conscientious cost tracking.
Analyze the immense benefits of embracing remote operations and forgoing physical warehouses.
Listen to all episodes at https://homeservicespodcast.com
Get a free copy of the Path To Profits Book at https://yourpathtoprofitsbook.com
