Profit Tool Belt

Ever felt lost trying to figure out the building business? It's a huge world out there and it can feel a bit like solving a puzzle. But don't stress! On this episode of PTB, we're teaming up with Katharine MacPhail, a real expert in fixing up old houses, to give you the lowdown on the world of construction and renovation.   Here's what we're chatting about:   Picking Your Team: Ever wondered how to find those top-notch builders who just 'get it'? Katharine shares her tricks for finding the right people.   More Than Just Building: It's not just about putting bricks together. Dominic and Katharine chat about the importance of getting on with your team - and how that can make your project a real success.   All About Old Houses: Got a soft spot for old houses? Katharine does too. She chats about the good, the bad and the ugly of making over an old home.   Heart vs. Head: Let's face it, sometimes we let our emotions rule when we need to be practical. We're talking about those tricky times when you're torn between what you want and what actually works.   So, grab a coffee, kick back and tune in as we dig deep into the world of building.   Enjoyed this episode? Hit that subscribe button for more from PTB!

Are you a construction business owner scratching your head over how to value your company? Welcome to another episode of PTB, your trusted guide in the construction business world. This week, we're diving into the complex topic of business valuation with our special guest, David Hearn. With years of experience in accounting, finance, investment banking, and business valuations, David's insights are invaluable for anyone looking to understand and maximize the value of their construction business. In this episode, you'll discover: The Importance of Regular Business Valuation: David emphasizes the value of having a business valuation performed regularly, explaining how it can influence the sale price of your business and track progress towards a transferable or sellable value. Busting the 'Easy Answer' Myth: David dispels the common misconception that simple multiples of revenue or profit are a reliable measure of a business's value. Learn why these 'easy answers' can be misleading and potentially lead to underselling your business. Different Approaches to Business Valuation: David breaks down the Cost or Asset Approach, Market Approach, and Income Approach to business valuation. Understand the nuances of each method and find out which approach is most suitable for your construction business. Net Income vs. Take-Home Cash: Gain clarity on why these two figures often differ and what it means for your business's financial health. Understanding Fair Market Value (FMV): Learn about the significance of your business's FMV and how it can prevent you from underselling and aid in negotiations with potential buyers. Identifying and Addressing Business Risks: Discover how to view your business through the eyes of a potential buyer and how to mitigate perceived risks to make your business more appealing. If you're a construction business owner looking to unravel the mysteries of business valuation and maximize your company's worth, this episode is a must-listen.  

Hey there, folks! Get ready for an epic episode of the Profit Tool Belt (PTB) podcast ! We are sitting down with none other than Aaron Zambrana, a hustler who's gonna school you on how to turn opportunities into straight-up success in our crazy world of construction.   Zambrana's been through the trenches, starting from scratch and carving his path in the window screen and screen door industry. He's gonna spill the beans on the power of coaching, how it transformed his business from crawl to skyscraper-level growth. It's like watching a foundation rise from the dirt, my friends.   But the journey wasn't all sunshine and blueprints. He's gonna share his secrets on how to reinvent your business when things ain't going according to plan. You know, like when you gotta tear down that wall you just built 'cause it ain't cutting it?   And hey, we all know how important a kickass team is on the construction site, right? Well, Zambrana's gonna lay it down for you, hammer and nail style. You'll learn the ins and outs of skills development, creating a crew that's tough as steel, and a work culture that's tighter than the strongest bond. . Tune in to this episode for an inspirational journey and practical tips to make your business into a profitable endeavor. If you enjoy the episode, don't forget to subscribe!  

Pull up a chair and tune in folks! This week on the PTB Podcast, We're chatting about the three T's - Time, Team, and Money.   In this episode, Dominic lays out how he hustled smart, built a rock-solid crew, and made his money work as hard as he does. We'll get into the nitty-gritty of time management, the art of fostering a winning team and making the most of your hard-earned bucks.   It's time to figure out these bottlenecks, create a company culture and deal with the tough stuff that comes with the territory.   Tune in to this episode for an inspirational journey and practical tips to make your  business into a profitable endeavour. If you enjoy the episode, don't forget to subscribe!  

Struggling with turning your home renovation passion into a profitable business? Our latest PTB Podcast episode is here to guide you through. We're joined by Al Keith, a successful entrepreneur who has made significant strides in the Contractor Strategy Group community.   Al's journey wasn't always linear. He started as a senior fundraising professional in the charity sector but then took the leap into home renovations, showing us that it's possible to change paths and follow your passion.   But Al's interests don't stop at home renovations. He's also a motorcycle enthusiast, relishing not only in riding them but in rebuilding them. He even co-authored a book about the history of Canadian-built Canam motorcycles, truly displaying his versatile interests.   In our enlightening chat, Al shows key lessons from his entrepreneurial journey:   Making the Shift to Home Renovation: Al kicked off his home renovation career building decks. However, he quickly recognized the limitations of seasonal work in Winnipeg, Canada, and adapted his business to be viable year-round, culminating in the creation of bespoke kitchen designs.   Spotting Market Opportunities: Al identified a need in the market for high-quality, consistent kitchen designs and stepped up to fill that gap. His comprehensive solutions, from design to execution, set him apart: 'We wanted to not only build the product; we wanted to buy and sell the product as well.'   Quality as a Key to Profitability: For Al, maintaining high quality and exceeding customer expectations form the core of his business. Regardless of the inevitable challenges, Al sticks by this principle, leading to profitability and success: 'We're kicking ass moving forward and making money. It's good.'   And we don't stop there; our conversation explores even more of Al's business wisdom, touching on the importance of personal responsibility, truly understanding your customers, and identifying triggers for business growth. We discuss strategic hiring, the importance of data-driven decisions, prioritizing profit over revenue, and the role of positive thinking in business success.   Tune in to this episode for an inspirational journey and practical tips to turn your home renovation business into a profitable endeavor. If you enjoy the episode, don't forget to subscribe!  

Are you stuck in the endless loop of construction work chaos? Can't seem to figure out how to keep your business on track? Let's get you sorted!   Our newest PTB episode brings you an amazing conversation with Mike Moxley, a guru of business operations. Mike started out as an accountant, but soon his passion for helping people in construction led him on a new path.   Here's what you'll get from tuning into this episode:   Practical ways to keep your business moving smoothly, even when you're not watching. How your very first hire could be a game-changer for your business. The huge role tech tools play in modern construction work. Why paying yourself isn't just nice. It's key to your business health.   This episode is a must-listen for anyone who works in construction, whether you build homes or are a subcontractor. Get real tips and helpful ideas from Mike Moxley to help you manage your work better and feel less stressed.   Hit the play button to learn the secrets to running a construction business. This PTB episode has the tools to help you build a better future in the construction world!   If you like this episode, please subscribe.  

Ever felt trapped in your job, not knowing how to shift to something you truly love?   This week's podcast episode is the push you need. We're joined by Brian Boase, a former soldier, who shares his amazing journey from military life to becoming a successful business owner in the landscaping industry.   Brian's story is more than just a job change. It's about change, passion, and the strong will to win. In the episode, he says, "The military taught me discipline, but landscaping gave me a chance to be creative. It's not just about cutting grass but creating lasting solutions and great experiences for my customers."   Learn how Brian's business, MIL-SPEC Landscaping, stands out in a tough market by using technology and putting customers first. Listen to him talk about how important it is to adapt in business. He says, "In business, just like in the military, things always change. You need to be ready to change and overcome challenges."   Brian's journey shows the power of personal growth and learning new skills. His story is a light for anyone thinking about a big job change, especially for our military veterans. Listen in, learn from his wisdom, and who knows? You might get the push you need to start your own journey of change.   If you like this episode, please subscribe.   Remember, change isn't just possible - it's a journey worth taking.  

Are you constantly overwhelmed by the daily demands of your contracting business and struggling to find the perfect work-life balance? Look no further! In this episode, we dive deep into Rob's story, a commercial contractor in Regina, Saskatchewan, who faced the same challenges. Learn how Rob overcame these hurdles by promoting a senior team member to a foreman position, reorganizing his team, and implementing new management structures to regain control over his business. Hear about Rob's transformative journey as he shares his experience on the importance of self-care, both physically and mentally, and how these changes positively impacted not only his business growth but also his personal life.  Packed with valuable lessons and practical advice, this episode is your go-to guide for breaking free from the daily grind and taking your contracting business to new heights while maintaining a healthy work-life balance. - listen now!  

Are you tired of spending time and resources on hiring, only to see your new hires leave soon after? The struggle is real! Join Dominic Rubino in this episode of the Profit Tool Belt podcast as he talks with successful entrepreneur and philanthropist Sir Darren Jacklin about the art of attracting, hiring, and retaining top talent in the business. They discuss key strategies for building strong teams that contribute to a thriving company culture and share actionable insights from their wealth of experience. In this episode, you'll learn about: The importance of consistently searching for potential talent Sir Darren's easy-to-follow three-step interview process Seeking honesty, authenticity, and openness in candidates The significance of return on life (ROL) and return on energy (ROE) when engaging with potential hires Tune in now for key tips on team building, fostering a positive work environment, and ensuring your company's continued growth and success!  

Join us for this PTB podcast episode featuring master plumber Roger Wakefield. With over 40 years in the industry, Roger shares how he used social media to grow his trades business, and he's here to help you do the same. In this episode, you'll discover: How a positive mindset leads to success. Tips for moving from a technician to an entrepreneur. Ways to use social media for business growth. The importance of knowing your Revenue Responsibility per hour. The benefits and potential of trade careers today. Tune in and learn from Roger Wakefield's experiences and knowledge as he shares practical advice for thriving in the trades. Get ready to kickstart your success journey!