Owned and Operated - A Plumbing, Electrical, and HVAC Business Growth Podcast

#163 - From $7 Million to $140 Million: The Ultimate Blueprint for Growth

Jan 23, 2025

Get ready for insights on scaling businesses from $7 million to a whopping $140 million! Discover the power of budget planning and the impact of a solid SWOT analysis. The hosts emphasize the importance of strong accounting practices as key to growth. You'll hear about effective team communication, the necessity of diverse revenue targets, and the transformative effects of strategic partnerships. Plus, learn how regular data reviews keep you ahead in the game and lead to impressive growth in the plumbing, electrical, and HVAC sectors!

34:59

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Quick takeaways

Maintaining clean financial records through strong accounting practices is essential for informed decision-making and proactive issue resolution.

Establishing ambitious long-term goals, like a $100 million revenue target, alongside tactical planning ensures focused efforts and structured strategies for growth.

Deep dives

The Importance of Clean Financials

Maintaining clean financial records is crucial for effective business planning and decision-making. A reliable accounting system enables leaders to access accurate data that informs strategic choices, ensuring that they can address potential issues proactively. This discipline also empowers financial management, allowing businesses to identify areas for improvement, such as managing expenses and labor costs to optimize profitability. Without solid accounting practices, efforts to engage high-level financial strategies, like hiring a fractional CFO, can be futile.

Intro

2min

Leveraging SWOT for Strategic Growth

5min

Strategic Business Planning for Growth

11min

Driving Growth Through Strategic Partnerships and Effective Communication

3min

Structuring Financial Success

11min

Effective Strategies for Annual and Quarterly Business Planning

3min

In this episode, we’re breaking down what it takes to plan for serious growth—both short and long term.

Jack and John swap stories and hard-won lessons on budget planning, sharpening your SWOT analysis, setting revenue targets, and getting your team firing on all cylinders. They dig into why strong accounting practices are a growth superpower and share practical steps to scale your business effectively.

Key highlights:

Tactical planning and goal setting
Why every department matters in hitting goals
The importance of data reviews to keep you ahead of the curve.

Shout out to our sponsors!

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John Wilson, CEO of Wilson Companies
Jack Carr, CEO of Rapid HVAC

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