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The Home Service Expert Podcast cover image

Q&A with Tommy - Taking Control of Your Finances Through Smart Debt Management

The Home Service Expert Podcast

NOTE

Invest Wisely, Manage Efficiently

Effective capacity planning is crucial for managing workloads while finding the right balance between hiring technicians and acquiring jobs. Personal investment strategies should prioritize diversified portfolios, with a focus on stable options like the S&P 500, while being mindful of the complexities tied to real estate management. Selling off excess properties can be a prudent strategy to reduce management burdens and enhance investment focus. Additionally, investing in businesses where one can directly influence outcomes is emphasized, particularly in home services with the potential for significant returns. Knowledge and effective reporting in investments are key; understanding profit margins is essential, with profitability in the millions being a benchmark for hiring a CFO, while fractional CFOs are advisable for lower revenue firms.

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