067: Most home service owners think the hardest part is hitting $1M. The truth? The real wall is $3M
Most home service owners think the hardest part is hitting $1M. The truth? The real wall is around $3M. Most companies get stuck on their way to $5mm for several reasons.
In this episode, Paul Maskill discusses the challenges home service businesses face when trying to scale beyond the $3 million mark. He emphasizes the importance of cash flow, proper pricing strategies, and building a strong management team to overcome these hurdles.The conversation highlights common pitfalls and offers actionable insights for business owners to achieve sustainable growth and profitability.
In today's episode, Paul breaks down:
- Pricing strategies and why they are so important
- Implementing layers of management
- Why you must have margins dialed in before you scale
- Why more revenue does not equal ready to scale
- Why you must have solid forecasting and projections
Interested in a financial assessment of your company? Book a call here and we'll make it happen: http://thebluecollaradvisors.com/call
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