Profit is your FUEL

This is Part 3 of a series taken from the our new E-Course "show notes"
 45 Days to build a STRONG restoration company. 

 

Profit is your FUEL

Let's talk about my favorite topic. 

PROFIT 

I have a sign in my office that says:

Gross revenue is vanity

Net Profit is Sanity

Cash is KING. 

 

It’s true!

 

Profit is your everything and I stand on mountain tops screaming that if you are not truly profitable you put a terrible strain on the engines, your wings and sometimes force the plane to land (to use the metaphor of your business being like an airplane).

The number 1 reason a business fails is CASH FLOW. Cash Flow, as we have discussed all along in this section is affected by a combination of many things.

 

Your marketing gets your product/ service noticed and entices people to buy from you.
Your sales effort to ensure that you are selling enough of a service to meet the financial needs of your company.

Then your control of the...

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What do you want out of your Restoration Business?

This is Part 1 of a series taken from the our new E-Course "show notes"
 45 Days to build a STRONG restoration company. 

Let's go back to the beginning and take a journey. 

Or maybe you are at the beginning and are wondering which direction to take.

Walk with me for a bit. 

 


 

As we start this journey together, it is important that we remember that we are…. well, at the beginning.
All successful efforts and endeavors start with a clear vision and goals. Not only for ourselves, but as we build a team to help us, the importance of this omni present vision will be among the most critical assets you have. 

Do you ever just not know where to start or how to do what MUST be done? You ask yourself if this is all worth it. 

Today our focus will be on never ever having a feeling that you are unclear and you show up at your office and not know what to do or what to do next.
This clarity and confidence will help you in marketing, team...

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I knew nothing when I started

Toby here.

Just wanted to share a little of my story with you.

I started in business for myself out of necessity. I did not know what I was doing. I had a formal education. I had 15 years of corporate experience. But I didn’t know what it took to run a business.

I didn’t even know that there were a lot of resources available for people like me. From my perspective, I had the example of family and friends who had been successful in business. 

I started on my own after leaving the job that at one time seemed like part of the journey of a lifetime. 

In time I realized that the company I worked at wasn’t aligned with my core values. 

It took me starting out on my own to figure out what my core values were and why I was experiencing friction in corporate. 

I launched out on my own. I started where I was. I did what I knew how to do with the resources available to me.
I happened to get a call for help from a business coach. She actually hired my...

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The Impact of Mentors

 Mentors and mentorship have long played an important role in the development of greatness among leaders. It has often been said that self made leaders are a myth. I believe that. I think those that think they are self made have a debilitating ego and will never be about to lead 


The word mentor can be a noun or a verb meaning: An experienced and trusted advisor

I have had many mentors in my life and career. Some I recognized...and many I did not. Meaning I did not accept their help as being from a place of mentorship and guidance…..I was a younger-less wise person for many of my years. Life has a way of stripping that out of you, right?

I’ve had mentors in my personal life. I’ve also had mentors in business. The funny thing is that the lines are very blurred there. 

My first “mentor was Rudy Thrower at an old full service station. Rudy’s (original, I know). I worked there early in my life. As in about age 6-7.shhh. Don’t tell the...

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10 Fundamental Needs to Start a Restoration Business.

Sitting up late this weekend and writing out some foundational pieces to a larger program we been building. Wanted to share a few that we just don't feel anyone should have to wait for.

First, let's set the stage for the audience and the reason for the program. It's a blueprint of sorts.

The intended audience is geared for the restoration/ remediation contractor. But the principles certainly lend direction to any business.

This will act as a blueprint for the dozens of requests we get per month from clients and not clients alike.
We feel that having an easy to read and follow system would help the entrepreneurial business owner manage a small to medium firm and not get into the hampster wheel of being forever IN the business.

This is a shorter version


1. Start with a plan.

This may seem "obvious" but I can promise it's far too often overlooked or even generally overlooked.

What is your service? Will you be multi service? You need to understand the myth of multi-tasking and avoid the...

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