Of the 25,000 restoration companies in the US, most, like 80% or better are generating under $2 million a year. It shouldn’t surprise you that every one of those companies had every intention of growing into a very successful and profitable company.
Would you be surprised to hear that many companies are struggling to be successful?
Why is that?
Most, if not all contractors went into business for themselves for two reasons. 1. They were good at getting the work done. 2. They wanted the freedom and autonomy that comes with the risk of being your own boss.
Now it’s 5, 10, 15, or more years down the road, they have 10, 15, or many more employees, and what started as a really good idea seems like a huge problem to survive every day.
What the heck is really going on here?
Many owners suddenly feel they lack the necessary experience to have continued success, their too tired and stressed to keep working as hard as they can like they did when they were younger, and they can’t seem to muster the courage to overcome their fear to try something different.
Plus….Many owners have gone to conferences or run into other contractors and heard the warnings and lousy experiences believing the half-truths as reasons for their struggles, without getting the whole picture.
Some of the things being said that keep contractors from being really profitable are:
- You can’t get good help, all the good employees are already working
The truth is: I work with companies all over the US and Canada and we find very good people, always. It starts with writing good ad copy, and having a reliable process for screening, interviewing, and onboarding. We have found great employees even in some of the remotest areas and very small towns.
- If you want anything done, you have to do it yourself.
The truth is: This is one of the most common problems, and it starts with this, the very things that every owner was good at in getting the business started becomes the very things that trap him or her years later. Why is that?
Because you designed the business around you, your strengths, skills, etc. You made it for you, the way you like it, and all about you. Worked great for a while, maybe even 10 or 20 years. Now you are getting close to thinking about retirement, and you don’t know how to change the game plan to make it about them, their performance, ownership, and accountability.
- Employees don’t care about the business like I do
The truth is: they do, they really do. Most employees want to get their job done; they just don’t feel the freedom to think for themselves to do so. They want to have more autonomy and freedom to think and act for themselves. The problem is: that freedom comes with the cost that they might make some mistakes. Mistakes cost money, and scare the heck out of owners, so they clamp down on that pretty fast not realizing how much this really costs them in suppressing the productivity of employees.
Don’t let mistakes like these rob you of the opportunity to have a successful, thriving, and profitable business.
What I have done for others, I can do for you!
CALL ME TODAY for a FREE 30-minute consultation to learn how coaching can help you grow your business.