Beers With Contractors

S2 E61 - The Exact KPIs You Need to Grow Past $1M


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In this episode of Beers with Contractors, host Will answers the common question “how do I scale my construction company?” by explaining a simplified “flywheel” model for home services businesses: starter gear (cash, assets, technology) drives marketing, then call center, sales, production/installs, accounting, and sometimes service, with leftover money reinvested to keep the wheel spinning. He emphasizes scaling departments evenly to avoid financial strain and outlines key KPIs for each: marketing (total qualified leads, cost per lead, marketing spend as % of installed revenue), call center (lead-to-appointment conversion, speed to lead, follow-up rate), sales (total sales, average dollar per lead, cancellation rate), production (installed volume, gross profit margin, install volume per week, install rate, reviews), accounting (AR, AP, break-even, spread), and service (average dollar per stop, service sales, churn).


00:00 Introduction

00:18 Scaling Question Framed

01:46 Flywheel Model Explained

04:09 Starter Gear Basics

05:46 Departments Overview

11:15 KPIs Dashboard Mindset

12:46 Marketing KPIs

17:09 Call Center KPIs

20:18 Sales KPIs and ADL

25:40 Production KPIs Intro

26:30 Scaling With Suppliers

28:07 Gross Profit Margin KPI

29:42 Install Volume Metrics

30:41 Accounting Department KPIs

34:10 Service Department Metrics

37:58 Flywheel Recap

40:21 Hiring By Department

46:57 Investments And Debt

49:37 Final Takeaways


Link to e-book:

https://app.typeset.com/play/014G6E


Foundation Rescue Supply Link:

https://www.foundationrescuesupply.com/


Contractors Kick Ass!

Podcast Store Link:

https://williamwalkerblake.com/store-1

The Worker Incentive Program that Contractors Love! - Per4mance Software https://per4mance.io - Pay for performance, not hours

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Beers With ContractorsBy Beers with Contractors

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