This Is Why An Owner Should Never Set Their Own Budget | Michael Heal

Hey! I'd love to hear your thoughts, send me a voice note. Mike Heal runs Mike's Handymen in the Great Lakes Bay region. He started it in 1994 as a side hustle his dad talked him into.. Today he runs an 11,000 square foot building with a showroom, employs 14 people, and offers health benefits most companies his size never consider. He’s president of the Great Lakes Bay Home Builders Association, and he is building a training center to teach the next generation a skill that will actually pay their bills. On this episode of The 1% Podcast, we covered: → Starting a handyman company as a side hustle in 1994 → Losing 75 percent of the industry in the 2008 crash → Why he offers health benefits most companies his size skip → The truck story that explains why he does not set his own budget → Running your household finances the way you would run a business Thanks to Mike for making the trip down to sit with us. If you are anywhere in the Great Lakes Bay region and something in your house needs fixing, go find Mike's Handymen! Chapters 00:00 Welcome and meet Mike Heal 00:52 Starting Mike's Handyman in 1994 05:59 Why the Home Builders Association pays off 09:46 Building the next generation of tradespeople 16:34 The 2am sump pump call 18:34 Surviving the 2008 crash 19:02 Why he finally stopped talking and did it 35:51 Building a company with real benefits 42:09 Why the owner does not set the budget 49:46 Household budgeting and building wealth ~~~ Prefer to listen? https://pod.link/6791679944 Kingsview General Disclosure: Kingsview Wealth Management ("KWM") is an investment adviser registered with the Securities and Exchange Commission ("SEC"). Registration does not constitute an endorsement of the firm by the SEC, nor does it indicate that KWM has attained a particular level of skill or ability. The information presented is for educational purposes only. It does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed