How to Scale to a $1M Service Business

Learn how to scale your service business to $1M. Transition from working in your business to working on your business, the power of delegation, and why understanding your numbers is crucial for success. Looking to uncover the keys to launching and managing a second successful business? Don't miss this video: • Starting Your Second B...
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⏲️ Video Chapters
0:00 Intro
01:19 Dan shares his journey and the importance of understanding business and profitability
01:57 Donovan talks about his experiences and the importance of learning from mistakes
03:27 Mentorship levels and the shift towards focusing on people
04:41 Changes needed at different revenue levels
05:30 The importance of company culture, sales teams, and integrators for business growth
06:17 Roles and positions needed in a million-dollar company
08:22 Entrepreneurs ranging $250,000 to $500,000: habits for growth
10:43 How to get over limiting beliefs and trust the team to achieve 80% perfection
12:57 80/20 rule for effective delegation
14:50 Managing large volumes of tasks and how to staff them with a real life example of quoting
17:15 The value Jobber brings to Adam, Dan and Donovan’s businesses
18:23 Revenue vs. profit in business growth: misconceptions of profitability at different revenue levels
19:33 How to maintain profitability at $1M and understanding long-term business objectives
20:40 Hiring strategies and role assignment in expanding businesses
21:54 Donovan shares insights from his mentor and applies them to business growth and profitability
23:05 Staff efficiency and profitability during business expansion
24:12 Cash flow management and cautious use of debt/credit
26:10 Personal lending/banking guidelines and having a good accountant
28:00 Different credit types and the importance of financial literacy for business growth
28:55 Having an in-house bookkeeper and the advantages of responsive decision-making based on current financial data
30:36 Adam’s takeaway tips: work on the business not in the business, build one production crew at a time, build your business on fundamentals and know your numbers
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Check out the businesses that were featured in this video!
🪠 Dan Guest, Guest Plumbing & HVAC | / guestplumbing
🧽 Donovan Quesenberry, DIV Cleaning Service | / donovan.quesenberry.7
🏠 Adam Sylvester, Charlottesville Gutter Pro’s & Charlottesville Lawn Care | adamsylvester.com/
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Jobber helps your business run smoothly for you and your customers. Save yourself a day’s worth of work each week you’d otherwise spend managing leads, sending estimates, scheduling work, invoicing, and getting paid. That’s why Jobber is trusted by more than 200k home service pros. bit.ly/3FVfuQs

[@adamsylvester]

Here we go! Episode 1: scaling to a million bucks! Great stuff Jobber!

[@stephendb01]

Season 2 starting off with a banger! My biggest takeaway from this: change your beliefs to change your business

[@Jobber]

We're so glad you enjoyed the episode! Great takeaway tip!

[@Jobber]

Looking to uncover the keys to launching and managing a second successful business? Don't miss this video: czcams.com/video/vA9XgK6eNts/video.htmlfeature=shared

[@HomeServiceBusinessCoach]

What a great interview!

[@cleanclubcalgary]

Love all the nuggets. I also live by the 80/20 rule.

[@aidanwakefield2441]

This is great stuff - learning tons and I’m not in home service myself, but the values here are spot on!!!

[@Jobber]

Thanks for listening, Aidan!

[@chriswood5940]

Excellent video. Keep em coming

[@Jobber]

We're glad to hear you're enjoying the podcast, Chris!

[@aroundthebendpressurewashing]

Fantastic episode with several gold nuggets, thank you!

[@Jobber]

Glad you found this episode useful!

[@GreenIndustryPodcast]

Great episode!

[@Jobber]

Thanks Paul! Glad you enjoyed it!

[@GreenIndustryPodcast]

🔥🔥🔥🔥