Strategic Financial Analysis for Your HVAC Business (Step-by-Step Guide)
As an HVAC contractor, strategic financial analysis is one of the vital tools at your disposal. It allows you to make informed decisions about where to allocate your resources and…
4 Reasons Your HVAC Business Cash Flow is Failing (And How To Improve It)
Positive business cash flow is the lifeforce of any company. However, cash flow problems are rampant among businesses across the globe, including the HVAC industry. In fact, Jessie Hagen says…
P&L Statement Essentials Every HVAC Contractor Should Know
As an HVAC contractor, ever wonder what a P&L statement is really telling you? You’re not alone. In fact, many small business owners are uncomfortable with this financial statement. A…
A Quick Guide to Read And Understand Financial Statements
As a business owner, one of the most important skills is reading a financial statement. This is an equally essential tool that investors have to guide their investing endeavors. Financial…
How To Build Financial Statements for Home Services
Financial statements is a vital pillar in understanding the health of your business’s finances. It’s important for entrepreneurs to know how to build financial statements because it provides insight into…
Treat Your Job Seekers Like Customers
When we look at it closer, there are not many differences between job seekers and customers. After all, they are both made of people. Huh? Well, job seekers are not…
A Recruitment Approach That Advertises Company Culture (For Home Services Companies)
Every employee that steps into your business has the potential to be your company’s next game changer. That’s why it’s not only important to hire the best professionals, you also…
Proper Employee Onboarding: The Best Retention Strategy
No company desires employee attrition, especially in a niche with a tight labor market. This is particularly true for skilled workers, like in the residential home services industry. Ideally, you…
How To Avoid Bad Hires – And Its High Energy Cost
Did you know that the average cost of bad hires is $18,000? That amount is almost ⅓ of what a typical residential home service Technicians earns. Sadly, bad hires are…
Surviving vs. Thriving: Buyers and Their Hierarchy of Needs
Yeah but… MY customers are different. This is the most common phrase in a business owners toolbox when looking to explain why the sale wasn’t made. Having had the opportunity…