The Jered Williams Show

Jered and Joel, owners of a $5 million per year plumbing business, discuss scaling operations, leadership, delegation, forecasting, and KPI monitoring. They emphasize the importance of strong team building and mindset for business success, providing valuable guidance for plumbing professionals aiming to reach and sustain $5 million revenue.

The podcast discusses common reasons why plumbing businesses struggle to make a profit, including bloated overhead and inefficient workflow management. It also covers the importance of proper pricing strategies, financial management, personnel management, and auditing expenses for profitability.

Learn how a plumbing company boosts revenue with a membership system, offering perks like discounts and priority scheduling. Discover the benefits of recurring income, stabilizing cash flow, and maximizing customer retention. Explore strategies for upselling, efficient scheduling, and optimizing pricing strategies for business growth in the plumbing industry.

In the second part of their podcast on the 2024 Plumbing Business Roadmap, Joel and Jered delve deeper into key strategies and considerations for success in the plumbing industry, touching on marketing, hiring a Customer Service Representative (CSR), managing time effectively, or utilizing service software.Moreover, they discuss strategies for managing and leveraging time effectively, including the implementation of scheduling software to optimize workflow, prioritize tasks, and minimize downtime. By streamlining processes and delegating responsibilities effectively, plumbers can maximize productivity and focus on revenue-generating activities.By incorporating these strategies into their business roadmap, Joel and Jered aim to equip fellow plumbers with the tools and insights needed to thrive in the competitive landscape of 2024 and beyond.

Explore strategies for success in the plumbing business of 2024, including financial planning, workforce management, branding, and pricing strategies. Learn about the importance of certifications, business structures, and the challenges of partnerships and franchising. Discover tips for efficient paperwork organization, marketing asset ownership, and choosing the right company for your plumbing business.

Jered and Joel discuss the evolving landscape of marketing in 2024, and emphasize the importance of presence. From optimizing websites for search engines to leveraging social media platforms and online directories, they highlight the significance of utilizing digital tools to reach and engage with potential customers. Additionally, they explore the value of traditional marketing methods such as direct mail campaigns and local advertising, stressing the importance of a well-rounded marketing strategy tailored to the unique needs of the plumbing business. Through their discussion, they aim to equip fellow plumbers with the knowledge and strategies needed to succeed in today's competitive market.

Exploring pricing strategies for plumbers, the importance of value-based pricing, offering premium services, and maximizing revenue. Delving into financial discipline, strategic decision-making, proving doubters wrong, and optimizing pricing strategies for business success.

Jered and Joel advocate against breaking down job bids, emphasizing the importance of presenting a comprehensive estimate. They discuss effective meeting strategies, discipline methods, and praising employees. They highlight the challenges of communication in service work and emphasize the need for a solid business foundation.

Plumbing business experts Jered and Joel share valuable insights and practical advice on managing finances, marketing strategies, and navigating customers and technician challenges. Topics discussed include handling demanding customers, negotiating prices, understanding salary as a business expense, fair pricing, starting a residential service company, the relationship between location and pricing, effective business management, becoming a plumber first, the importance of charging for a second technician, hiring and payroll preparation, taking responsibility and personal growth, humility and flat rate pricing, and the importance of specializing and flat rate calculation.

Jered and Joel engage in thoughtful conversations about the practicalities and challenges of starting a plumbing business. In each episode, they explore the nuances of entrepreneurship in the plumbing industry, discussing regulatory hurdles, financial considerations, and building a sustainable client base in as a new plumbing business owner.