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Planning for an economic downturn should always be part of your financial strategy.
In this episode, Torlando talks with Roger Lee about various aspects to take into consideration when a recession hits, it's essential to keep an eye on the long term, manage your exposures, reduce risk, and save aside money to invest when things get better.
While no investor can predict when a recession will start or should react by completely avoiding risky investments, careful diversification done in advance can help you conserve cash and put you in a position to profit from a rebound.
PCA Overdrive is free for members.
Tradespeople are creative problem solvers.
Greg Flaherty, founder, and owner of Colorful Remedies discusses how he built a painting business that can now fully run without him. He shares his process for vetting potentially bad clients right from the start, and why he views that as a critical component of his painting company's success. Greg elaborates on how strategic planning has been a primary focus for him, and how other painting company owners can create their own strategic plans if they are serious about long-term growth.
Topics Discussed:
- How to make your painting business run without you
- Why bad clients will kill your growth, and how to vet them
- We are not in the business of doing favors, so structure your business accordingly
- The reasons strategic planning matters, and how to do it right.
PCA Overdrive is free for members.
Workforce training is an indispensable way to keep your organization competitive.
In this week's Bobcast I got a chance to sit down and catch up with the top dog that is "TicTac" better known as Tony Taylor, based over on the Isle of Man. In my opinion one of the best decorators/sprayers in the business. One of my personal favorite ones to date is where we delve in and chat about various topics such as staying busy during the lockdown, apprenticeship initiations, Facebook stalking customers, and hitchhiking to Gibraltar on Nutella and the bones of your arse, and many more.
You know the drill by now, get a brew, pin back your lugs and give it a listen and give us (@brothersofthebrushinsta and Tony) your feedback by hash-tagging #brothersofthebrushpodcast or #bobcast on Insta, and well give you a shout-out back!.
PCA Overdrive is free for members.
Your value proposition is the major element of your website that needs testing.
In this episode, Nick Slavik addresses industry business insights.
PCA Overdrive is free for members.
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Download the app on the Apple Store or Google Play.
A growth mindset means that you believe in your intelligence.
In this week's Bob cast, we walk or even talk about a different path. I had the opportunity to sit down with Richard Stone of Stone Contracts, based down in the big smoke in that London. Along with being a principal contractor, Rich is also an SME coach and business mentor.in this episode, we chat about terrible personal injuries, lazy company reps, pricing and marketing with drones, and changing business mindset, where richard coins a brilliant term "skillset without mind set causes upset". If you looking for some one-on-one advice feel free to reach out to Richard on the links below.
So you know the drill by now, get a brew, pin back your lugs and give it a listen and give us (@brothersofthebrushinsta and Richard) your feedback by hash-tagging #brothersofthebrushpodcast on Insta, and well give you a shout-out back
PCA Overdrive is free for members.
Keep track of everything in a spreadsheet
Many times, business owners make decisions based on their feelings and emotions instead of the data they should be utilizing. This is also why there is often a gap between where a business owner is and where they want to be. In today’s episode, Nick Slavik of Nick Slavik Painting and Restoration joins us to share the 3 areas of your business that you should be tracking data and using it daily for your company. Bonus Content: Nick also shares some insight on how he went from 0 to 22 employees in 20 months and has nearly doubled that over the last 2 years!
Watch the episode on PCA Overdrive
PCA Overdrive is free for members. Not a member? Try our 30-day, free trial; $5.99/mo after. Download the app on the Apple Store or Google Play.
Working on professionalizing your business but aren’t sure where to start? Schedule a free business analysis meeting at www.elitebusinessadvising.com
One situation you are inevitably going to face at some point, or many points, is an economic downturn. Or Recession. Or Meltdown. Whatever you (or the media) want to call it.
You get what I’m saying though. Business isn’t just about winning when the times are good and everyone is fat and happy. You also need to know how to play the game when things aren't so flush.
Now I want to be clear. We are not economists. We don’t have a crystal ball. We’re not in any way trying to guess what the market is going to do.
However, we do try to stay current and provide value to our listeners, and lately, this conversation, around the market, what's ahead, and what to do, seems to be coming up a lot with our contractors.
While we’ll be the first to tell you we have NO IDEA what’s going to happen, I think we can all agree there are a lot of flags on the field right now. There are a lot of scary headlines, and that's making people nervous. Fair enough.
In this episode Igor and I are going to go over:
-Why a downturn isn't a bad thing and how to look at it from a new perspective
PCA Overdrive is free for members.
Don't adopt a small-town mentality. Extend your heart until it attains universality.
In this week's Bobcast, recorded during the COVID-19 epidemic, we're going back down under. This time it's Chris Roberts of Nomad Painting & Decorating, based out of Brisbane. Now for me, Chris is smashing it from first discovering Australia eight years ago traveling with his partner in a new relationship starting just prior to their travels, to creating a successful business employing staff and in the progress of growing successfully.
Jump in and join me and Chris as we dig into such things as "small-town mentality", knowing your market, the divide between employed and self-employed, and being penniless traveling across Australia. You know the drill by now, get a brew, pin back your lugs and give it a listen and give us (@brothersofthebrushinsta and Nomad) your feedback by hash-tagging #bobcast on Insta, and well give you a shout-out back.
PCA Overdrive is free for members.
Social media marketing involves more than just sporadically posting on Facebook and Twitter.
In this week's Bobcast, we take a slightly different path. along with being skilled tradespeople, we are now expected to be amongst other things social media marketers regularly updating our online presence. I took the chance to sit down with social media marketing expert Fiona Mostyn of My Deco Marketing, based in Lewes, East Sussex. Fiona gives us insight into what we as tradespeople should be doing to gain awareness in a crowded social media marketplace. From how regular to post, to quality content and the mistakes to avoid. If your in the market to up your social media game you cannot go wrong by reaching out to Fiona for some one on one advice (links below).
So you know the drill by now, get a brew, pin back your lugs and give it a listen and give us (@brothersofthebrushinsta and Fiona) your feedback by hash-tagging #brothersofthebrushpodcast on Insta and well give you a shout-out back
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