🎙️ In my latest episode, I dive into why job efficiency is everything when it comes to boosting profitability in home service businesses. 🛠️ When we streamline workflows, set accurate job costs, and establish clear timelines, we’re not just running a smoother business we’re protecting our bottom line.
Here are my key takeaways:
✅ Efficiency drives profit—every minute saved is money saved.
✅ Streamlined workflows prevent costly delays.
✅ Accurate job costing means no surprise expenses.
✅ Consistent team communication keeps us on track.
✅ Regular check-ins help us spot issues early.
✅ Standardized processes create consistency across projects.
✅ Clear timelines keep everyone in sync.
✅ Team feedback is essential for ongoing improvement.
✅ Tracking job costs helps with better future estimates.
✅ Using templates improves accuracy in job costing.
If you’re in home services and want to keep jobs on track and profitable, these strategies are gold! 💰

🎙️ In the latest episode of Nail The Numbers, I dive into the often-overlooked area of hidden costs in business and how addressing these can boost profitability without needing to ramp up sales. 🚀
From tracking material expenses to keeping an eye on labor and subscription fees, these "invisible" costs can make or break your bottom line. Here’s what I covered:
Key takeaways:
✅ Profitability is the foundation for growth and sustainability.
✅ Hidden costs add up fast and can eat into profits.
✅ Implementing a system for tracking material costs is a game-changer.
✅ Regular maintenance on vehicles and equipment prevents costly surprises.
✅ Optimizing labor costs means more productivity on job sites.
✅ Reviewing subscriptions? That alone can yield big savings.
✅ Expense assessments reveal waste and open opportunities to save.
✅ Managing costs effectively increases profitability without more sales.
✅ Regular team discussions uncover areas for improvement.
✅ Small, proactive steps can save hundreds (or thousands) each month!
This episode is packed with practical strategies for any business owner looking to cut hidden costs and build a stronger bottom line. 💸
#ProfitabilityBoost #HiddenCosts #NailTheNumbers #BusinessGrowth #CostManagement #OptimizeYourBiz #HomeServiceSuccess #EfficiencyTips

In this episode of Nail the Numbers, I emphasize the critical importance of profitability for home service businesses, especially during economic slowdowns. I discuss how maintaining a focus on profitability can help businesses navigate challenging times, cover overhead costs, and manage debt effectively. I stress the necessity of knowing your numbers to make informed financial decisions and encourage business owners to take proactive steps to ensure their profitability.
Takeaways:
• Profitability should be the focus all year round.
• Don't let economic slowdowns affect your mindset.
• Every job must be profitable to sustain the business.
• Understanding overheads is crucial for financial health.
• Profit covers all business expenses, including debt payments.
• Knowing your numbers is key to making informed decisions.
• Identify patterns in job profitability to improve operations.
• Focus on profitable services and jobs for growth.
• Take action today to understand your financial situation.
• Seek help if you lack clarity on your business numbers.
#profitability #businessgrowth #cashflow #economicslowdown #debtmanagement #homeservicebusinesses #financialplanning #knowingyournumbers #profitplan #sustainablegrowth

In this episode of Nail The Numbers, I discuss strategies for maximizing profit in home service businesses, particularly during economic slowdowns. I emphasize the importance of maintaining a positive mindset, focusing on profitable services, cutting unnecessary expenses, and implementing a profit-first strategy to ensure sustainable growth and profitability.

Takeaways

#nailthenumbers #HomeServiceSuccess #profitfirst #businessgrowthstrategy #EconomicResilience #servicebusiness #MaximizeProfitability #SmartBusinessSolutions #FinancialSuccess #businessmindset

In this episode of Nail the Numbers, Kerry Postel discusses the importance of understanding financial numbers for business profitability, particularly for home service businesses. He addresses common fears and challenges business owners face regarding bookkeeping and emphasizes the need for accurate financial management. Kerry encourages listeners to take the next step in hiring bookkeeping help to ensure their business's financial health and growth.

In this episode of Nail the Numbers podcast, Kerry discusses the critical importance of planning for a business exit. He emphasizes the need for business owners to understand their financial metrics and prepare their businesses for sale well in advance. The conversation covers the emotional and practical aspects of exiting a business, the significance of having accurate financial records, and the long-term benefits of strategic planning for a successful exit.

In this episode, Kerry Postel discusses the importance of knowing your profit and loss (P&L) statement and how it can help business owners make informed decisions. She shares the story of Robert, a plumbing business owner who realized the need to hire a professional to handle his bookkeeping and create accurate P&L reports. Kerry emphasizes the harm of relying solely on bank balances and the misconception that anyone can do bookkeeping. She highlights the power of applied knowledge and how understanding your business's financial performance can drive growth and profitability.