Does Group Learning Work?
The 7-Power Contractor® Radio
Does group learning work? Absolutely! It can be challenging, but the reward is worth it. Learn more in this episode! Notice to listeners: The information in this book, along with the forms and structures provided, are meant to serve as a helpful reference guide for the plumbing, heating, cooling, electrical, and other contracting industries. The host of and contributors to this podcast take no responsibility for compliance with the laws or regulations that govern your specific business. The responsibility for making sure everything is compliant (among other things) is 100 percent yours....
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Does Distance Learning Work?
The 7-Power Contractor® Radio
Does distance learning work? Short answer – yes! But it has to be set up right. Learn more in this episode! Notice to listeners: The information in this book, along with the forms and structures provided, are meant to serve as a helpful reference guide for the plumbing, heating, cooling, electrical, and other contracting industries. The host of and contributors to this podcast take no responsibility for compliance with the laws or regulations that govern your specific business. The responsibility for making sure everything is compliant (among other things) is 100 percent yours. Before you...
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You Can't Pick What's Fair
The 7-Power Contractor® Radio
No, contractor stings on TV aren't fair. But you can't pick what's fair. If you have policies and procedures in place, you're prepared and on stronger ground if and when you're caught in a TV sting. Notice to listeners: The information in this book, along with the forms and structures provided, are meant to serve as a helpful reference guide for the plumbing, heating, cooling, electrical, and other contracting industries. The host of and contributors to this podcast take no responsibility for compliance with the laws or regulations that govern your specific business. The responsibility for...
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Attitude vs Behavior
The 7-Power Contractor® Radio
You can't evaluate your employees based on attitude – that's subjective. You need to evaluate them based on something objective – behavior. Notice to listeners: The information in this book, along with the forms and structures provided, are meant to serve as a helpful reference guide for the plumbing, heating, cooling, electrical, and other contracting industries. The host of and contributors to this podcast take no responsibility for compliance with the laws or regulations that govern your specific business. The responsibility for making sure everything is compliant (among other things)...
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Who Should Buy the Tools?
The 7-Power Contractor® Radio
Who should buy the tools – you or your techs? Here are some things to consider when making this decision. Find more resources at . Notice to listeners: The information in this book, along with the forms and structures provided, are meant to serve as a helpful reference guide for the plumbing, heating, cooling, electrical, and other contracting industries. The host of and contributors to this podcast take no responsibility for compliance with the laws or regulations that govern your specific business. The responsibility for making sure everything is compliant (among other things) is 100...
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The Right Way to Build Field Supervisors
The 7-Power Contractor® Radio
What's the right way to build field supervisors? It's important that you don't appoint them but instead make ways for them to qualify for the position. Find more resources at . Notice to listeners: The information in this book, along with the forms and structures provided, are meant to serve as a helpful reference guide for the plumbing, heating, cooling, electrical, and other contracting industries. The host of and contributors to this podcast take no responsibility for compliance with the laws or regulations that govern your specific business. The responsibility for making sure everything is...
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The Right Way to Bring Your Kids into the Business
The 7-Power Contractor® Radio
What's the right way to bring your kids into the business? Remember, you owe them an opportunity, not a guarantee. Find more resources at . Notice to listeners: The information in this book, along with the forms and structures provided, are meant to serve as a helpful reference guide for the plumbing, heating, cooling, electrical, and other contracting industries. The host of and contributors to this podcast take no responsibility for compliance with the laws or regulations that govern your specific business. The responsibility for making sure everything is compliant (among other things) is...
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Spending vs Investing
The 7-Power Contractor® Radio
Spending money vs investing money – what's the difference? The key difference is that the money you invest will come back to you. Find more resources at . Notice to listeners: The information in this book, along with the forms and structures provided, are meant to serve as a helpful reference guide for the plumbing, heating, cooling, electrical, and other contracting industries. The host of and contributors to this podcast take no responsibility for compliance with the laws or regulations that govern your specific business. The responsibility for making sure everything is compliant (among...
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Don't Waste Your Marketing Dollars
The 7-Power Contractor® Radio
How do you spend your marketing dollars well so you don't waste them? It all depends on these three things. Notice to listeners: The information in this book, along with the forms and structures provided, are meant to serve as a helpful reference guide for the plumbing, heating, cooling, electrical, and other contracting industries. The host of and contributors to this podcast take no responsibility for compliance with the laws or regulations that govern your specific business. The responsibility for making sure everything is compliant (among other things) is 100 percent yours. Before you...
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Where Great Branding Begins
The 7-Power Contractor® Radio
How do you begin branding (or rebranding) your contracting company? It all starts with your trucks. Learn why here! Notice to listeners: The information in this book, along with the forms and structures provided, are meant to serve as a helpful reference guide for the plumbing, heating, cooling, electrical, and other contracting industries. The host of and contributors to this podcast take no responsibility for compliance with the laws or regulations that govern your specific business. The responsibility for making sure everything is compliant (among other things) is 100 percent yours. Before...
info_outline- Why owners must own the financial manager box on the org chart and how contractors do much harder math in their job than is required to understand their accounting and financials. [:008 ]
- The value of Ellen's best selling book, "Where Did the Money Go?" [3:05 ]
- A budget tells you what you need to hit your goals—but only if the numbers you're using to create it are right. [7:49]
- The three most important KPIs you need to track. [12:07]
- The two reports that allow you to track those three things. Cost of goods sold. [16:03 ]
- Who you need to help you figure out your financial situation. [20:40]
- Real world accounting vs. tax accounting [22:17]
- Getting your team in on the game [24:09]
- Getting to a "Known Financial Position" or KFP, keeping reports up to date, and reviewing them weekly so you can make better more profitable financial decisions. [31:14]
- The 1-page dashboard report updated weekly that tells you everything you need to know. [37:57]
- The process of getting to a Known Financial Position. Fixing the easy stuff first. [40:36]
- How Frank J. Blau, Jr. tackled the low self esteem issue in the contracting industry. [52:49]
- How charging the right price gives you the ability to give bad customers their money back and focus on serving the good customers. [54:00]
- Script for building value for the right price with a customer. [55:00]
Find more resources at www.7powercontractor.com.
Notice to listeners: The information in this book, along with the forms and structures provided, are meant to serve as a helpful reference guide for the plumbing, heating, cooling, electrical, and other contracting industries. The host of and contributors to this podcast take no responsibility for compliance with the laws or regulations that govern your specific business. The responsibility for making sure everything is compliant (among other things) is 100 percent yours. Before you implement any new information or forms, please check with your own trusted business advisers, including your own attorney, to make certain that the forms and the information you plan to implement will comply with all relevant laws, customs, and regulations.