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The Home Service Expert Podcast

Embracing Financial Transparency to Build Accountability in Your Organization

The Home Service Expert Podcast

Tommy Mello

Business, Management

4.8705 Ratings

🗓️ 2 August 2024

⏱️ 62 minutes

🧾️ Download transcript

Summary

Ellen Rohr is the co-founder of Zoom Drain and the Brand + Industry Marketing Lead for Service Titan. She has worked as a columnist for Huffington Post, PHC News, and is a contributor to many business journals and trade magazines.

In this episode, we talked about financial literacy, debt management, profit margins…

 

Transcript

Click on a timestamp to play from that location

0:00.0

Why are we putting it on these credit cards that have 29% interest?

0:03.5

Could we refinance?

0:04.9

Why are we in so much debt in the first place?

0:07.1

Are we charging enough?

0:08.8

Your customer, not only has to.

0:10.7

Nobody charges enough.

0:11.8

Because if you've created a lot of debt, you know how you get out of it?

0:15.6

You have to make enough in profit to service the debt, the mistakes of the past, and still run your business. So a price

0:25.3

increase may help you make up for the sins of the last 20 years. So be it. Somebody has to pay

0:32.5

and it's always the customer. So you're going to go line by line through assets, through liabilities, and then the

0:38.1

difference is equity and is equity represented properly? You talk to your account and you have

0:42.6

meetings between now and the end of the year, you could have rock and solid balance sheet.

0:49.1

Welcome to the home service expert, where each week, chats with world-class entrepreneurs and experts in

0:55.8

various fields like marketing, sales, hiring, and leadership to find out what's really behind

1:01.8

their success in business. Now, your host, the Home Service Millionaire, Tommy Mello.

1:10.7

Before we get started, I wanted to share two important things with you.

1:14.3

First, I want you to implement what you learned today.

1:17.1

To do that, you'll have to take a lot of notes, but I also want you to fully concentrate

1:21.2

on the interview, so I ask the team to take notes for you.

1:24.4

Just text, note, N-O-T-E-S, to 888-526-1299. That's 888-526-1299, and you'll receive a link to

1:37.3

download the notes from today's episode. Also, if you haven't got your copy of my newest book,

1:42.3

Elevate, please go check it out. I'll share with you how I attracted and developed a winning team that helped me build a $200 million company in 22 states. Just go to elevate and win.com for slash podcast to get your copy. Now let's go back into the interview.

...

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