10 Common Profit Leaks To Avoid In The Home Services Industry

Profit Leaks -  All the little ways money is leaking out of your business instead of going in your pocket.  After interviewing over 20 experts in the Home Services Industry I learned alot about other areas that can improve your ability to create more profits. I asked these industry leaders what they considered the biggest profit leak from what they see out in the field. And wow - so many different answers.  The great news - you can use this as a checklist to plug those profit leaks in YOUR home service business. I also give the links to the episodes to listen to the whole conversation to glean even more insights.    Here is a quick overview of what I share:  🎙️ Missing out on creating extra revenue streams (like Captive Insurance) with Randy Sadler 🎙️Raising salaries because it's just the protocol (ie length of time employed) with Mike Michalowicz 🎙️Trying to do everything yourself instead staying in your area of genius with Dave Sanderson 🎙️Not having your company retirement plan set up to primarily benefit YOU, the owner with Bill Black 🎙️How your Customer Service Representatives answer the phone and track data with Stephen Christopher 🎙️ Thinking that content creation is a 'nice to have' vs a tool that attracts clients and generates revenue with Justin Wise 🎙️ Only marketing to NEW customers with no strategy to get future sales from your current customers with Daniel Dixon 🎙️Not Having Financial Responsibility Built Into Your Business with Mike Disney 🎙️ Neglecting to train your Customer Service Representatives to WOW customers with Brigham Dickinson 🎙️Not using opportunities to minimize tax liabilities (legal ways to pay less tax!)  with Ed Lyon There is so much actionable knowledge in these episodes that can save you so much money!    Listen to all episodes at https://profitablehomeservices.com/ Get a free copy of the Path To Profits Book at https://yourpathtoprofitsbook.com