Understanding your numbers is the cornerstone of a profitable business. This episode breaks down how business owners can identify their most profitable revenue streams, implement recurring income strategies, and optimize service packages for long-term success. It also covers reducing costs by managing overhead, cutting unnecessary subscriptions, and improving labor efficiency. Join host Adam Sylvester and Tyler Martin, of Think Business with Tyler.

New to Jobber? Masters of Home Service listeners can claim an exclusive discount for Jobber at https://bit.ly/4d0KAEh

[00:00] Introduction to the podcast and guest

[01:00] The true meaning of “knowing your numbers”

[02:40] Identifying profitable revenue streams and avoiding distractions

[03:50] The value of recurring revenue in building business stability

[05:10] Structuring service packages and managing their logistics

[07:12] Using the reporting features in Jobber to understand your numbers

[07:53] Leveraging data to identify early trends and potential issues with your business

[10:54] Reducing costs, with a focus on optimizing ad spend, reviewing overhead, and cutting excess subscriptions

[17:02] Strategies for labor efficiency and avoiding unnecessary costs

[20:06] Adam’s Key Takeaways: Correct service area, cancel unused subscriptions, have good data