What's needed to actually "make it rain" in your business? Positive cash flow and the right mindset are key, if you want your home service business to grow.
But what goes into creating the right conditions to make it happen?
Kenny Chapman and Chris Crew dive into the mental and emotional sides of cash flow – including a key lesson that will help you overcome challenges, the power of your Unique Ability, and why you shouldn't overextend yourself.
- This episode of the Home Service Business Success Show addresses positive cash flow – making it rain with cash.
- Co-hosts Kenny Chapman and Chris Crew talk about what you may or may not hear when things go well in your business…and when they don't.
- Kenny touches upon the mental and the emotional side of money and cash flow.
- Chris shares his great-grandfather's message about facing challenges in life (and business).
- Whenever you earn money, it's up to you to decide whether you want to pocket it to pursue something in your personal life or inject it back into your business to grow it.
- Kenny opens up about a mistake he made with his team years ago, while Chris explains why business doesn't have to suck.
- An important lesson Chris learned from Dan Sullivan: "When other people make things look easy, it's because they're in their Unique Ability.
- Something key for you to remember: some seasons you'll be in a "season of suck" but you'll get back to making it rain!
- Chris and Kenny discuss the role of cash as a tool, the danger of predatory loans, and the starting point needed to "make it rain."
- Kenny brings cash flow confidence into the conversation – and why you should be looking at your model as something that's always moving, always evolving.
- Overextending yourself can be risky, Chris explains why.
- As Kenny puts it: "Process allows Unique Ability."
- Focus is key. "What you focus on grows, what you ignore dies," says Chris.
- There's a common question home service business owners are confronted with – picking a specific answer to it can lead to you blocking future cash flow generation.
- Many home service business owners make the mistake of forgetting that profit doesn't equal cash.
Mentioned in This Episode:
HomeServiceBusinessSuccessShow.com/9
The Blue Collar Success Group
HSBS episode 8 - HomeServiceBusinessSuccessShow.com/8
Dan Sullivan
