I'm excited to share insights from a recent episode of the Profitable Home Services Podcast where I had the pleasure of hosting Jeremy Lowe from Profit Rhino and Service Fusion. With over 40 years of experience in the industry, Jeremy has a wealth of knowledge to share. We explored the vital role of financial education for business owners. A surprising number of students struggle to calculate profit margins correctly, emphasizing the need for entrepreneurs to take control of their finances
In this episode, we discussed:
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Jeremy's love for photography and the importance of paying attention to opportunities
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Discussion on flat rate pricing and its benefits
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Importance of understanding the financial side of running a home service trade business
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Misconception that sales are the lifeblood of a business, emphasizing profit and cash flow as key drivers of success
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Fear and discomfort business owners have when it comes to understanding their numbers
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Importance of education and training for contractors in the home service industry
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Aim for higher net profits and working on the business rather than being constantly busy
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Importance of working with customers who appreciate and value your services
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Unique profit leaks in home service businesses and finding innovative solutions to maximize profitability
Listen to all episodes at https://profitablehomeservices.com/
Get a free copy of the Path To Profits Book at https://yourpathtoprofitsbook.com
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