Mindset plays a crucial role in navigating the challenges of running a home service business.
In this episode, Kenny Chapman and Chris Crew dive into the dangers of "top line intoxication" and how it impacts profitability, culture, and quality of life.
You'll learn about balancing intuition with systems, understanding true costs, creating a business that's true to your values, and why you should approach your business as if you're going to sell it…even if that's not actually the case.
- Co-hosts Kenny Chapman and Chris Crew share their desire to give back to the home service industry.
- Chris compares the relentless chase for top line revenue to "an addict looking for the next high" and breaks down the neurological cycle behind it.
- Chris breaks down the neurological process that takes place when the top line revenue "cycle" occurs.
- Focusing solely on revenue growth – while ignoring profitability and margins – can lead to dangerous consequences for your business.
- Chris and Kenny discuss the intoxication around income – and what impact it can have on your quality of life.
- A client of Blue Collar Success Group chose not to scale his $3M company to $10M – Chris discusses the main reason behind his decision.
- Beware: top line intoxication can lead you to not only sacrifice profits and margins, but company culture too!
- Kenny and Chris talk about bringing together different ways of approaching life, the role of intuition in business, and running at your own pace.
- Thinking about your business as if you're planning to sell it will lead you to having systems in place, quality leadership, and you driving profit.
- Here's a powerful "mantra" for home service business owners: when the business isn't right, it's because something isn't being done right on the basics.
- Chris unpacks the concepts of understanding your true cost to open the doors and pricing your services for the business you want to become, not the one you are today.
- There's a healthier "dopamine rush" every business owner should chase: clarity on daily costs and a sustainable path to success.
- Chris lays out the key metrics to track at different revenue stages, from $250K to $10M+, and how they can guide your growth journey.
Mentioned in This Episode:
HomeServiceBusinessSuccessShow.com/5
The Blue Collar Success Group
HSBS episode 1 - HomeServiceBusinessSuccessShow.com/1
HSBS episode 4 - HomeServiceBusinessSuccessShow.com/4
Dopamine Nation: Finding Balance in the Age of Indulgence by Dr. Anna Lembke
Tony Robbins
Alan O'Neill
