Just One Thing

In this episode, I want to talk about working with your spouse. I think this is an important subject to to talk about because about 70% of the coaching that I do is with couples. I’ll talk from the male perspective because that's what I'm familiar with. It can be frustrating but it can be one of the most rewarding experiences you’ll ever have! So press play and listen along.

You know, we've been talking about labor rate. In this episode, I’ll talk more about the frustrating part of setting your labor rate.  And that is when you put a profit model in place and you don't hit it. The reason is that you're not using the right labor rate. Listen as the info I share may be why you aren’t hitting your profit models.

I’m going to talk about four numbers, today, that you need to know to set your labor rate properly. Yes, it sounds simple but this is a podcast episode you are going to want to listen to as I cover each one!

In this episode, I will talk about one of the things that are keeping you from charging the appropriate labor rate that you could and should be charging to take care of your team, and take care of everything. It’s all about differentiation. You need to be able to answer this one question as a prospective client. “Why would I drive by three of your competitors to do business with you?” Listen along as I give you tips to make you the go to shop.

Today’s episode is about what's driving you when it comes to your labor rate. When I ask the shop owner, “Hey, here's a part, it costs this much. What are you gonna sell it for?” They have a calculation. They have a mathematical equation that they use to determine the selling price of that part. But when I ask that same shop owner, “How do you figure out your labor rate?” I typically hear, one of two things. Think about how YOU would answer this question and then press play to listen along!

In this episode, I will talk about pay plans. I’ve heard for years about this age-old battle about flat rate, hourly, and salary wages while wondering which is best. So let's take the mystery out of it once and for all.

We've been talking about pay plans and increases and when to do them. I can't tell you the number of shop owners that I talked to that have problems with what they're paying people. And it's not that they're paying them too much. The battle is this. Maybe you feel like you should be giving a raise. Maybe you're saying, “It's been a few years and I really haven't done much.” Or maybe they're asking for more money. The problem is that you're not happy with the results you're getting from your staff. You feel like you're paying more than what you're getting back. Listen along as I give you tips to help communicate with your team and get everyone in the same boat.

Today I’ll talk about why your employees or your team members leaving. The mistake you are making is you think they are leaving to get more money somewhere else. Well, money is a concern. You want to make sure you are in the top echelon as far as compensation goes. Make sure you know what's going on around regarding compensation and benefits. Listen to this podcast as I give you reasons why they could be leaving, which may help you keep them.

Today I’ll talk about raises. You are in a situation where you're reacting. I don't think you're consciously aware of the turmoil going on in the industry. And one of the things we need to talk about is the reaction. It's coming from a place of fear. It's coming from wondering if you can afford it. You may ask yourself, “should I give them a raise? How much should I give them?” It creates worry and doubt and a lack of faith in yourself and what you're doing. This is an episode you don’t want to miss as I give you tips on how to work through the fear of raises.

We've been talking about feeling fulfilled and you know how to find that. But now I want to talk to you about putting that fulfillment on steroids. I’ll explain to you how to do it. Be sure to listen to this Podcast as I give you tips for yourself and how to include your team.