Articles Tagged with ''business administration''

Supply chain disruptions are ever present and show no signs of going away anytime in the near — or perhaps distant — future.

As you are well aware, our incredible industry has been experiencing massive growth for the last couple of years. We have been seeing contractors post record months for both sales and profitability at unprecedented levels. It seems there has finally even been a shift from how this industry is viewed from the outside.

It’s hard to believe November is just around the corner. Not because the year has seemingly flown by or anything, but because Southeastern Michigan was still experiencing 80° F muggy days in mid-October. It’s been crazy!

Selling your plumbing company can be one of the hardest things in the world to do. You have spent your life building up your company, making it into a profitable venture and now, it is time to sell.

Over the last year, during several webinars and in-person events, I've spoken about the idea of systems-based thinking, which incorporates the ideas of strategic thought in the form of focus (“saying no”) and identifying and executing on coherent actions. In many ways, systems thinking (a.k.a. strategy) incorporates pattern identification. 

The pandemic has disrupted the world and how business today is done. Even in the construction industry, things have been disrupted and modified. 

The biggest problem most plumbers face is finding personnel. A plumber’s ability to grow is limited to his ability to put people in the field.

A lot of folks hate the idea of “problems.” A lot of people see this as something to be overcome or fixed, but as leaders, we’re missing out on a huge opportunity here if this is the mindset we take. 

Technology never ceases to amaze me. I still marvel how I can voice control all the lights in my home through my nifty Google Home devices, change the thermostat temperature with a tap of a button on my phone — and the latest, shut off my water at the main (also from my phone) thanks to my FloLogic leak detection system.

Qualified leads are not cheap. As your plumbing business grows, it becomes obvious that upselling and upgrading materials is a skill that you need to develop to get the most out of your deals.