In this episode you will hear from Chris Crew from the Blue Collar Success Group as he and I discuss the intricacies of profit and cash flow in home service businesses. Chris, with his extensive background in the industry, shared insights on the dangers of "top line intoxication," the significance of understanding profit margins, and the importance of managing labor costs and customer experience. All these things can prevent profit leaks. We also touched on the role of technology in enhancing efficiency and profitability in blue-collar jobs.
You won't want to miss any of these tips such as:
What are profit and cash flow leaks in home service businesses?
The difference between profits and cash flow
The risks of operating a business without a clear understanding of cash flow and profit margins
Tips for managing the challenges and cost of labor expenses
What it means to fully burden the cost of employees and tracking labor expenses effectively
How to get your customers to help you identify profit leaks and stop them
Power of small improvements in many areas of your business and their effect on your profits
How technology is helping blue-collar jobs with big potential to increase revenues and profits
Why maintenance on your service vehicles can impact your profits
Listen to all episodes at https://profitablehomeservices.com/
Connect with Chris at https://thebluecollarcoach.com
Get a free copy of the Path To Profits Book at https://yourpathtoprofitsbook.com
