Owned and Operated - A Plumbing, Electrical, and HVAC Business Growth Podcast #133 - Managing HVAC Growth and Infrastructure in the Summer Heat
Jul 16, 2024
Join this episode as Jack and John tackle the challenges of managing HVAC growth during record-breaking sales in the summer heatwave. They discuss scaling up revenue, infrastructure, and the importance of centralizing operations. Learn about their experiences with business expansion and facility upgrades to enhance growth and quality of hires.
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Scaling Challenges
- John's business took 65 years to reach $1 million monthly revenue, but only 18 months to reach $2 million.
- Scaling from $1 million to $2 million is the hardest, requiring significant infrastructure investment.
Growing Pains
- Jack Carr's company is outgrowing its current space, facing issues with parking and storage.
- He started in a storage unit, highlighting the rapid growth and resulting logistical challenges.
Real Estate Rule of Thumb
- Aim for 1,000 sq ft of space per $1 million in annual revenue.
- Consider future growth when choosing a building to avoid frequent moves.