Blue Collar Prosperity

In this episode, Paul Maskill discusses the crucial distinction between profit and cash flow, two financial concepts that are often misunderstood as being one and the same. Understanding the difference is vital for businesses and individuals alike, as it can significantly impact financial decision-making and overall financial health. He identifies common cash flow issues faced by business owners in the trades, such as accounts receivable, vendor payments, debt payments, and poor bookkeeping. Paul provides actionable strategies for improving cash flow, including the importance of timely and accurate bookkeeping, cash flow forecasting, and setting clear financial targets. Whether you're a business owner, entrepreneur, or simply looking to improve your financial literacy, this video will provide you wi th a clear understanding of the big difference between profit and cash flow. In this episode, Paul dives into: Why profit does not equal cash in the bank. How accounts receivable can create significant cash flow issues. How owner's draws and tax payments impact available cash. How bad bookkeeping can inflate perceived profits. Why cash flow forecasting is necessary for informed decision-making. Interested in a financial assessment of your company? Book a call here and we'll make it happen: http://thebluecollaradvisors.com/call

In this episode of the Blue Collar Prosperity Podcast, host Paul Maskill interviews Mark Miller, a financial expert with nearly 40 years of experience. He is the co-founder of Hilton Tax and Wealth Advisors, author of a bestselling book, and has been featured in the New York Times, Kiplinger’s, and Fox News. Discover the secret to building wealth fast and unlock your financial freedom. Learn the strategies and techniques that successful individuals use to accumulate wealth quickly and securely. From investing in stocks and real estate to starting a business and managing your finances effectively, this video reveals the key principles to achieving financial success. Whether you're looking to retire early, pay off debt, or simply build a secure financial future, this video provides valuable insights and practical advice to help you get started on your journey to building wealth. With expert tips and real-life examples, you'll learn how to overcome common obstacles and stay focused on your financial goals. So, if you're ready to take control of your finances and start building the wealth you deserve, watch this video now and start achieving your financial dreams. Paul and Mark dive into:   Why a formalized tax plan is so important. Why investing outside of your business is crucial for financial security. Understanding risk-reward dynamics in investing. Why proactive tax planning must be done throughout the year. Where you can access complimentary books to learn more about wealth building. Ready to transform from a stressed out, uncertain business owner, to a confident, respected CEO with clarity of your financial health? Visit today to book a free call: https://thebluecollaradvisors.com/call/

In this episode of the Blue Collar Prosperity Podcast, Paul Maskill and Phil Risher, the owner of Phlash Consulting, discuss transformative marketing strategies for home service businesses. They explore the shift towards AI in marketing, the importance of creating valuable content, and how to build trust with customers through education. Discover the secrets to successful customer acquisition in today's competitive market. In this video, we'll delve into the key elements that make effective customer acquisition strategies work, exploring the latest trends, techniques, and best practices. From understanding your target audience to leveraging data-driven insights, we'll cover it all. Whether you're a business owner, marketer, or entrepreneur, this video will provide you with valuable insights and actionable tips to help you acquire new customers and grow your business. Learn how to create a winning customer acquisition strategy that drives real results and stays ahead of the curve. Paul and Phil discuss: Why educating and building trust with customers is essential for conversion. How email marketing can lead to significant sales opportunities. How B2B partnerships can unlock new revenue streams. Why data tracking is vital for understanding business performance. How improving lead conversion can significantly boost revenue. Ready to transform from a stressed out, uncertain business owner, to a confident, respected CEO with clarity of your financial health? Visit today to book a free call: https://thebluecollaradvisors.com/call/

In this episode of the Blue Collar Prosperity Podcast, host Paul Maskill speaks with Spencer Ogden, Vice President of Dock Street, about wealth building strategies for home service business owners. Discover the secret to building wealth and unlock your financial freedom. Learn the proven strategies and principles that successful individuals use to accumulate wealth and achieve their financial goals. Spencer shares insights on sustainable growth, liquidity, and the differences between tangible and intangible assets. Whether you're just starting out or looking to take your finances to the next level, this video is for you. Get ready to transform your relationship with money and start building the wealth you deserve. Watch now and start your journey to financial success. Paul and Spencer discuss: Identifying Ingredients for Sustainable Growth Liquidity and Investment Opportunities Tangible vs. Intangible Assets in Business Investment Strategies in Public Markets Actionable Steps for Wealth Building      Ready to transform from a stressed out, uncertain business owner, to a confident, respected CEO with clarity of your financial health? Visit today to book a free call: https://thebluecollaradvisors.com/call/

Small business owners face constant challenges, including cash flow, team dynamics, and preparing for business sales. Leslie Hassler is a speaker, strategist, and bestselling author of multiple books. She helps business owners create predictable profits and scale sustainably through her fractional C-suite firm, Your Biz Rules. Leslie shares her journey with Paul from interior design to business strategy, emphasizing the importance of profit, mindset, and company culture in helping achieving business goals. Paul and Leslie discuss: What is a Fractional C-Suite Selling your company Creating consistent cash flow Scaling with confidence Building a strong team and culture Aligning your business goals with your personal goals Ready to transform from a stressed out, uncertain business owner, to a confident, respected CEO with clarity of your financial health? Visit today to book a free call: https://thebluecollaradvisors.com/call/

Most home service owners think the hardest part is hitting $1M. The truth? The real wall is around $3M. Most companies get stuck on their way to $5mm for several reasons. In this episode, Paul Maskill discusses the challenges home service businesses face when trying to scale beyond the $3 million mark. He emphasizes the importance of cash flow, proper pricing strategies, and building a strong management team to overcome these hurdles.The conversation highlights common pitfalls and offers actionable insights for business owners to achieve sustainable growth and profitability. In today's episode, Paul breaks down: Pricing strategies and why they are so important Implementing layers of management Why you must have margins dialed in before you scale Why more revenue does not equal ready to scale  Why you must have solid forecasting and projections Interested in a financial assessment of your company? Book a call here and we'll make it happen: http://thebluecollaradvisors.com/call

In the U.S., there are currently more job openings than people looking for work. Corporate Immigration Attorney, Matthew Hellrung, is the Co-Founder and Partner of Meltzer Hellrung.   Matthew specializes in helping companies meet their talent needs through immigrant program creation and management.  Therefore helping home service businesses bridge the labor gap and plan ahead for seasonal demands. In today's interview, Paul and Matthew talk about: How do you utilize the H2B Visa Program? Steps businesses need to take to recruit seasonal workers. The importance of planning ahead. The future of immigration policies in the U.S. as they relate to labor needs. Ready to transform from a stressed out, uncertain business owner, to a confident, respected CEO with clarity of your financial health? Visit today to book a free call: https://thebluecollaradvisors.com/call/

Cory Parks started out his career as a full-time firefighters, working his way up to Chief. Like most firefighters, he had a side gig. In his case, he started HydroHelp 911 to help solve crawl space and basement issues. Before he knew it, he had a full-time business and had to decide on his next step with the fire department. Paul and Cory dive into his journey and how he's been able to scale well beyond the $5mm mark. Cory is the president and founder of HydroHelp911. At HydroHelp they focus on helping homeowners solve structural and moisture issues before they become more costly and dangerous. They are the crawl space and foundation experts…but it wasn’t always easy. Paul and Cory dive into: Importance of strong financials and constantly reviewing these. The best way to invest in your team. Marketing that has worked for him to keep his phone ringing and growth continuing. Why all leaders and owners must invest in themselves before anyone else. Ready to transform from a stressed out, uncertain business owner, to a confident, respected CEO with clarity of your financial health? Visit today to book a free call: https://thebluecollaradvisors.com/call/

Most marketing agencies simply focus on driving more leads to your company...even if it means spending a bunch of money on ads. Many marketing agencies also get paid on a percentage of your ad spend. In today's episode, Paul Maskill sits down with Fractional CMO Brennen Smith. Brennen is a revenue-driven fractional CMO who helps $2M to $20M+ home service companies turn marketing into a scalable revenue engine. After running his own agency for 10 years, Brennen now helps the trades generate more leads, close more jobs, and lower customer acquisition costs — without the overhead of a full-time CMO. He’s on a mission to help owners stop guessing and start growing — with marketing that’s aligned to sales, ops, and customer service for long-term profit. Paul and Brennen dive into: The difference between a Fractional CMO and Marketing Agency. Why it's so important to track all your calls (and have call tracking numbers). The power of monthly email newsletters. Why more leads might not solve your problem. The importance of integrating marketing with sales and operations. Ready to transform from a stressed out, uncertain business owner, to a confident, respected CEO with clarity of your financial health? Visit today to book a free call: https://thebluecollaradvisors.com/call/

With labor being one of the biggest expenses in a home service company (and the biggest thing we sell), it's imperative to make sure the compensation model is accurate. As companies scale, most start to implement performance pay. However, if not done properly, it can be a disaster on multiple fronts. In today's episode, I share what you need to know when implementing performance pay in your blue collar business: The pros and cons of different models. Why it's important to always have your recruiting engine going. Back test before implementation. Have your standards, mission and values in place. Have your scorecards in place for your team members. Overcoming the biggest fears and objections Interested in a financial assessment of your company? Book a call here and we'll make it happen: http://thebluecollaradvisors.com/call