User
Write something
Pinned
Welcome To The Local Growth Hub
Here's what to expect and how to get the most out of this community!
Welcome To The Local Growth Hub
Pinned
Welcome! Start here.
Welcome to The Local Business Hub! This is THE place to come to get answers to your most pressing marketing and business growth questions, meet other local business owners, and learn how to grow your business without the fluff and overwhelm. Please use this thread to introduce yourself and meet other local business owners to connect with!
🌱 Sunday, October 25 | Reflection
𝗜𝘀 𝗬𝗼𝘂𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗕𝗲𝗰𝗼𝗺𝗶𝗻𝗴 𝗠𝗼𝗿𝗲 𝗣𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗹𝗲, 𝗼𝗿 𝗝𝘂𝘀𝘁 𝗠𝗼𝗿𝗲 𝗗𝗲𝗺𝗮𝗻𝗱𝗶𝗻𝗴? There's something I want you to think about as we close out the week. You've worked hard to build your business. You've invested your time, your money, your energy, and probably made more sacrifices than most people will ever know. And as the business grows, it's natural to feel a sense of accomplishment when revenue increases and the schedule fills up. But here's a question we don't ask often enough: 𝗜𝘀 𝗮𝗹𝗹 𝘁𝗵𝗮𝘁 𝗴𝗿𝗼𝘄𝘁𝗵 𝗺𝗮𝗸𝗶𝗻𝗴 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘀𝘁𝗿𝗼𝗻𝗴𝗲𝗿, 𝗼𝗿 𝘀𝗶𝗺𝗽𝗹𝘆 𝗺𝗮𝗸𝗶𝗻𝗴 𝘆𝗼𝘂𝗿 𝗹𝗶𝗳𝗲 𝗺𝗼𝗿𝗲 𝗱𝗲𝗺𝗮𝗻𝗱𝗶𝗻𝗴? This week, we've talked about the hidden costs of serving customers, the work that quietly consumes margins, and the operational weaknesses that become more expensive as a business grows. Those things matter because revenue is only part of the picture. A business can be busier than ever while the owner has less time, more responsibility, and very little additional profit. And after everything you've invested in building it, shouldn't your business eventually begin giving something back? More financial stability. More freedom to make decisions. More confidence in the future. More time for the people and things that matter outside of work. 💭 𝗬𝗼𝘂𝗿 𝗦𝘂𝗻𝗱𝗮𝘆 𝗥𝗲𝗳𝗹𝗲𝗰𝘁𝗶𝗼𝗻 𝗜𝗳 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝗱 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗲𝘅𝗮𝗰𝘁𝗹𝘆 𝗮𝘀 𝗶𝘁 𝗱𝗼𝗲𝘀 𝘁𝗼𝗱𝗮𝘆 𝗳𝗼𝗿 𝗮𝗻𝗼𝘁𝗵𝗲𝗿 𝗳𝗶𝘃𝗲 𝘆𝗲𝗮𝗿𝘀, 𝘄𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝗯𝗲 𝗵𝗮𝗽𝗽𝘆 𝘄𝗶𝘁𝗵 𝘄𝗵𝗮𝘁 𝗶𝘁 𝗴𝗶𝘃𝗲𝘀 𝘆𝗼𝘂 𝗶𝗻 𝗿𝗲𝘁𝘂𝗿𝗻 𝗳𝗼𝗿 𝘄𝗵𝗮𝘁 𝗶𝘁 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝘀 𝗼𝗳 𝘆𝗼𝘂? If the answer is no, what would need to change? You don't have to figure that out today. But I hope you'll give yourself permission to ask the question. 𝗕𝗲𝗰𝗮𝘂𝘀𝗲 𝘁𝗵𝗲 𝗴𝗼𝗮𝗹 𝗶𝘀𝗻'𝘁 𝘀𝗶𝗺𝗽𝗹𝘆 𝘁𝗼 𝗯𝘂𝗶𝗹𝗱 𝗮 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘁𝗵𝗮𝘁 𝗰𝗮𝗻 𝗴𝗿𝗼𝘄. 𝗜𝘁'𝘀 𝘁𝗼 𝗯𝘂𝗶𝗹𝗱 𝗼𝗻𝗲 𝘁𝗵𝗮𝘁 𝗯𝗲𝗰𝗼𝗺𝗲𝘀 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴𝗹𝘆 𝘄𝗼𝗿𝘁𝗵 𝗼𝘄𝗻𝗶𝗻𝗴. Enjoy your Sunday, everyone. 💙💛
📖 Saturday | Main Street Case Study
𝗧𝗵𝗲 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝗼𝗿 𝗪𝗵𝗼𝘀𝗲 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗚𝗿𝗲𝘄, 𝗯𝘂𝘁 𝗣𝗿𝗼𝗳𝗶𝘁 𝗗𝗶𝗱𝗻'𝘁 Imagine an established home-service contractor having what appears to be a very successful year. The phone is ringing. The schedule is full. Revenue is increasing, and the owner is considering hiring another technician to keep up with demand. From the outside, the business looks like it's growing. But there's a problem. The owner is working harder, the team is busier, and there's surprisingly little additional profit to show for it. So what's happening? A closer look reveals several issues. Technicians are making return trips because job information wasn't complete. The office is spending hours coordinating scheduling changes. Small customer requests are routinely added without accounting for the additional labor. And the owner is personally resolving problems that should have been handled through a clear process. None of these issues seems particularly expensive on its own. But multiplied across dozens of jobs every month, they begin consuming a meaningful portion of the company's margins. 💡 𝗧𝗵𝗲 𝗟𝗲𝘀𝘀𝗼𝗻 The owner's first instinct might be to raise prices, invest in more marketing, or hire additional employees. But adding more work to an inefficient operation can make the problem worse. Before expanding, the business needs to understand where its existing capacity and profit are disappearing. In this hypothetical example, a better starting point might be improving job handoffs, documenting service expectations, and tracking the causes of repeat visits. Those changes won't eliminate every unexpected cost. But they can help the business deliver work more consistently while protecting the customer experience. 🔎 𝗔𝗽𝗽𝗹𝘆 𝗜𝘁 𝘁𝗼 𝗬𝗼𝘂𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 Here's the question I want you to consider: If your revenue increased 25% over the next six months, would your profit and available capacity improve, or would your existing problems simply become 25% bigger? You don't need to answer with numbers today. Just think about where your business might struggle to handle that growth.
⚙️ Thursday | Systems Lab
𝗧𝗵𝗲 𝗛𝗶𝗱𝗱𝗲𝗻 𝗖𝗼𝘀𝘁 𝗧𝗿𝗮𝗰𝗸𝗲𝗿: 𝗙𝗶𝗻𝗱 𝘁𝗵𝗲 𝗪𝗼𝗿𝗸 𝗬𝗼𝘂'𝗿𝗲 𝗚𝗶𝘃𝗶𝗻𝗴 𝗔𝘄𝗮𝘆 𝗪𝗶𝘁𝗵𝗼𝘂𝘁 𝗥𝗲𝗮𝗹𝗶𝘇𝗶𝗻𝗴 𝗜𝘁 (Downloadable worksheet below) A customer requests one small change. An employee spends another 20 minutes answering questions. You personally step in to resolve a scheduling issue. Someone makes an extra trip because the original instructions weren't clear. Individually, these things may seem insignificant. But what happens when they occur repeatedly, across dozens of customers and hundreds of jobs? Your business can be giving away hours of labor every week without anyone recognizing the financial impact. Yesterday, we discussed the Customer Profitability Blind Spot: the difference between what a customer pays and what it actually costs to serve them. Today, we're going to put some numbers behind that conversation. 🔎 𝗧𝗵𝗲 𝟭𝟱-𝗠𝗶𝗻𝘂𝘁𝗲 𝗛𝗶𝗱𝗱𝗲𝗻 𝗖𝗼𝘀𝘁 𝗔𝘂𝗱𝗶𝘁 Choose ONE customer relationship or recurring service that seems to require more work than expected. Now look for four things. 𝟭. 𝗨𝗻𝗽𝗹𝗮𝗻𝗻𝗲𝗱 𝗟𝗮𝗯𝗼𝗿 How much additional time is your team spending beyond what was included in the original price? Think extra visits, revisions, callbacks, or work that falls outside the agreed scope. 𝟮. 𝗔𝗱𝗺𝗶𝗻𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝘃𝗲 𝗗𝗲𝗺𝗮𝗻𝗱𝘀 How much time goes into rescheduling, repeated questions, correcting information, or coordinating exceptions? Administrative time is still a business expense, even when it doesn't appear on a customer invoice. 𝟯. 𝗢𝘄𝗻𝗲𝗿 𝗜𝗻𝘃𝗼𝗹𝘃𝗲𝗺𝗲𝗻𝘁 How often do you personally intervene to keep the relationship or project moving? Your time has economic value, even if you're not paying yourself by the hour. 𝟰. 𝗥𝗲𝗽𝗲𝗮𝘁 𝗣𝗮𝘁𝘁𝗲𝗿𝗻𝘀 Is this an occasional situation, or does the same type of extra work happen repeatedly? A one-time courtesy may be a sensible customer-service decision. A recurring pattern deserves investigation. 💡 𝗣𝘂𝘁 𝗮 𝗡𝘂𝗺𝗯𝗲𝗿 𝗕𝗲𝗵𝗶𝗻𝗱 𝗜𝘁 Imagine a service regularly requires: - 30 extra minutes of technician time - 20 extra minutes of office coordination - 15 minutes of owner involvement
1-30 of 203
powered by
The Local Growth Hub
skool.com/the-local-growth-hub-1506
You've built a local business. Make it work better for you. Join for expert guidance, stronger profits, steadier revenue, and more freedom.
Build your own community
Bring people together around your passion and get paid.
Powered by