Double Your Profit Day #29 Are You Wasting Money on Tech You Don’t Need?
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Aug 29, 2025
In this insightful discussion, experts warn against the pitfalls of over-investing in technology. They highlight the risks of being an early adopter, pointing out that flashy new tools may not always provide a return on investment. The conversation delves into how excessive SaaS fees can erode profits and the hidden costs of implementation distractions. Ultimately, the focus shifts to the importance of solid business processes over simply accumulating tech.
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volunteer_activism ADVICE
Don't Overinvest In Technology
Avoid overinvesting in tech before you can implement and measure ROI.
Prioritize processes first and add tools only when you can use them fully.
insights INSIGHT
Early Adoption Risks Cash Loss
Early adopters can gain advantage but also waste money if tools lack proven ROI.
The trades market is flooded with apps that most companies won't fully use.
question_answer ANECDOTE
Trades Tech Gold Rush
The trades are experiencing a 'gold rush' of startups building industry-specific apps.
Jack Carr admits his list of purchased-but-unused tech is 'pretty long.'
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Welcome to Day 29 of the Double Your Profit Series
The go-to series for contractors, home service owners, and small business entrepreneurs. Today’s lesson might surprise you because it runs counter to the current industry hype: Don’t Overinvest in Technology.
🧠 Why This Matters In the trades, there’s a new app or software tool launching seemingly every hour. Each one promises to grow your business, improve efficiency, or magically solve problems. The truth? Technology can help — but too much tech, or adopting it too early, can actually hurt profit instead of fueling it.
💡 What You’ll Learn in This Episode: Why early adopters risk blowing money before tools prove their ROI The reality of the trades “gold rush”: more tech being built than most companies can possibly use How SaaS fees quietly stack up and eat into margins when tools aren’t fully implemented Why distraction during implementation is often more expensive than the software itself
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📌 Disclaimer: Some links may include UTM parameters or affiliate relationships, meaning we may earn a commission if you make a purchase. Episodes may feature sponsors, but all opinions expressed are our own.
🔥 Think of this episode as your reminder to scale smart: better processes first, better tools second.
John Wilson, CEO of Wilson Companies Jack Carr, CEO of Rapid HVAC 📌 Disclaimer: Some links may include UTM parameters or affiliate relationships, meaning we may earn a commission if you make a purchase. Episodes may feature sponsors, but all opinions expressed are our own.
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