Episode 41 - Never Stop Learning! - Erik Devash

In this conversation, Kevin Davis interviews Eric DeVash, founder of Window Tint LA and creator of the TentWiz app. They discuss Eric's background in business and his journey from running a successful window tinting company to developing software for the industry. Eric shares advice for business owners, including the importance of financial planning and continuous learning. They also explore the challenges of hiring and retaining installers, setting prices, and maintaining a positive corporate culture. 

The conversation highlights the low barrier of entry in the industry and the need for businesses to define their own version of success. In this conversation, Kevin Davis interviews Erik Devash about growing a successful business. They discuss setting business goals, hiring and delegating, business math and planning, envisioning and connecting the dots, analyzing daily performance, counting and analyzing to grow, analyzing individual performance, key analytics for business growth, data-driven decision making, differentiating from the competition, investing in marketing, and embracing learning and growth.

Takeaways

• Financial planning and cash flow management are crucial for business success.
• Continuous learning and staying updated with industry trends are essential for business owners.
• Creating a positive corporate culture and providing excellent customer service can differentiate a business from its competitors.
• The low barrier of entry in the industry requires businesses to focus on providing high-quality service and building customer loyalty.
• Success in business is subjective and can be defined by individual goals and aspirations. Set clear business goals and align your actions to achieve them.
• Delegate tasks to free up your time and focus on strategic activities.
• Understand the business math and plan accordingly to afford staff and resources.
• Envision your desired future and connect the dots to create a roadmap.
• Analyze daily performance to identify areas for improvement.
• Count and analyze your numbers regularly to drive business growth.
• Use key analytics to track and improve productivity.
• Make data-driven decisions to steer your business in the right direction.
• Differentiate your business by providing exceptional service and value.
• Invest in marketing to increase visibility and attract more customers.
• Embrace learning and continuously improve your skills and knowledge.

Chapters:

00:00 Introduction and Technical Difficulties

03:41 Eric's Background and Progression

10:14 Advice for Business Owners

14:44 Cash Flow and Financial Planning

21:04 Exit Plan and Transition to Software

25:19 Hiring and Retaining Installers

28:03 Setting Prices and Marketing Strategies

31:42 Maintaining a Positive Corporate Culture

35:06 Low Barrier of Entry in the Industry

37:23 Defining Success in Business

38:36 Setting Business Goals

39:02 Hiring and Delegating

40:04 Business Math and Planning

41:02 Envisioning and Connecting the Dots

42:33 Analyzing Daily Performance

43:28 Counting and Analyzing to Grow

44:43 Analyzing Individual Performance

45:13 Key Analytics for Business Growth

46:36 Data-Driven Decision Making

47:56 Differentiating from the Competition

49:22 Investing in Marketing

50:20 Embracing Learning and Growth

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