Owned and Operated - A Plumbing, Electrical, and HVAC Business Growth Podcast #125 - Enhancing Team Performance: The Role of Training and EOS
May 28, 2024
This discussion dives into the vital role of training and structured meetings in enhancing team performance. The hosts highlight the need for reliable vehicles and effective fleet management to support business growth. They also explore the complexities of making informed business decisions while emphasizing the importance of clear company values. The impact of continuous training, including EOS meetings, is underscored as a strategy for optimizing team development and ensuring high performance across the board.
AI Snips
Chapters
Transcript
Episode notes
Fleet Vehicle Troubles
- John and Jack experienced failures in older vehicles, prompting a shift to new vans and leasing options.
- Running a fleet of high-mileage vans without upgrading causes ongoing vehicle troubles.
Install Crew Revenue Insight
- Running one full install crew translates to about $50k weekly revenue, or $2.5 million annually.
- Staffing affects capacity directly and missing crew is a million-dollar revenue mistake.
Rethinking Acquisitions with Growth
- Acquiring a company is less attractive when internal hiring and marketing can generate similar revenue growth faster.
- Strong in-house systems make acquisitions less necessary at higher business scales.