#109- The $100M Goal: Why I'm Growing My Home Services Businesses
Apr 2, 2024
John and Jack dive into their ambitious $100 million goal for home service businesses. They share tales from a recent workshop and the significant growth metrics achieved by participants. Insights on rapidly scaling from $800,000 to over $3 million and the necessary cultural shifts for success are highlighted. Discussion on the strategic importance of hiring specialized talent and the transition to a four-tier organization emphasizes the need for effective leadership. Their journey showcases the power of expertise and specialization in driving revenue growth.
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question_answer ANECDOTE
Workshop Success and Community Building
John Wilson shared the success from a recent workshop where attendees quickly implemented learnings.
The event also fostered valuable new relationships and community connections among attendees.
question_answer ANECDOTE
Rapid Business Growth Story
Jack Carr described his growth from two employees to 15-16 within six months.
His business tripled from $800,000 to over $3 million, breaking existing systems in the rapid growth.
insights INSIGHT
Unprecedented First Quarter Growth
John Wilson achieved profitability in Q1 only twice in his career, now in this quarter.
Quarter one revenue surpassed quarter four for the first time, highlighting unprecedented growth.
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In 'Who Not How', Dan Sullivan and Dr. Benjamin Hardy introduce the 'Who Not How' framework, which challenges the traditional 'how' mindset by encouraging readers to ask 'who' can help achieve their goals. This book teaches how to delegate tasks effectively, find experts who can handle specific challenges, and create transformational relationships. By adopting this mindset, readers can free up time, build supportive teams, and achieve their biggest goals while maintaining personal freedom and reducing burnout.
John and Jack engage in an in-depth conversation about scaling home service businesses, aiming for the $100 million goal. They discuss the importance of strategic hires, transitioning from generalists to specialists and experts, and the impact of proper staffing on business growth. They also share their experiences with a workshop they hosted, sharing success stories, and the challenges they face, including maintaining revenue during tough quarters, the significance of cultural fits in hiring, and long-term goals for their businesses.
Special thanks to our sponsor: Service Scalers: Looking to scale your home service business? Service Scalers is a digital marketing agency that drives success in PPC and LSA. Discover more growth strategies by visiting Service Scalers.
Check out Owned and Operated Weekly Insights: a newsletter where John discusses topics ranging from recruiting and marketing to the growth of your home service business. Subscribe to the newsletter here.
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