Contractor Growth Network #70: Identifying Red Flags
Sep 16, 2019
36:21
If you could nip a problem in the bud right now and avoid huge problems down the road, why wouldn’t you? There are a few big red flags to be aware of when you are building a contracting business, whether that be within your business or with your prospective clients. Making these mistakes can stand between you and your dreams of financial freedom. Logan and Alex are here today to tell you all about those red flags and how to identify them. Stay wary of these signs so that you can avoid those bumps in the road that could derail your momentum and your business.
In this episode, we talk about…
- Identifying what red flags mean to your business
- Why scaling your business too quickly presents problems
- Setting yourself up for failure with lofty short-term goals
- Reasons that people set ludicrous year-to-year goals for their business
- Contractors talking shit about other contractors
- Pointing everywhere but at yourself when identifying the problem
- Knowing when to blame yourself and when not to
- Feeling empowered by taking responsibility
- Initial red flags when talking to leads
- Factoring in the lifetime value of customers when determining price
- Should you have to prove yourself to the customer?
- Dealing with customer ego and know-it-alls
- Importance of building rapport and trust up-front
Links to resources:
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