How To Stop Losing Money Using The Boring Success Formula

The Home Service Expert Podcast

Tommy Mello

Business, Management

4.8 • 705 Ratings

🗓️ 30 January 2020

⏱️ 107 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shawn van Dyke is a business coach, mentor, and expert in the construction and contracting industries. Drawing from two decades’ worth of professional experience, Shawn authored Profit First for Contractors, which details clear, actionable steps on how contractors can apply the Profit First formula to achieve sustainable profitability. Shawn also travels across the United States for speaking engagements, and to help construction business owners in developing streamlined processes and tailoring their operations for success.

In this episode, we talked about construction, contracting, coaching and mentoring, growth and leadership...

Transcript

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0:00.0	The way that I explain that to my clients and how I work with him, I try to make it very simple.
0:06.6	I call it the boring success formula.
0:09.3	And here's what the boring success formula is.
0:11.4	When people ask you years from now, months from now, however long, when people ask you,
0:16.0	how did you become so successful?
0:17.8	This is what I want to teach my clients.
0:20.5	Here's the formula. We just figured out
0:22.9	what made us money and we did that every single day and we figured out what was losing us money
0:28.8	and we stopped doing that. And that's it. Like there is no secret. There is no magic pill.
0:35.4	We looked at what was making us money and we just did that and we figured
0:39.7	out what was losing us money and we stopped doing that and we did it again and again and again and
0:44.4	again. And in fact, the reason I call it the boring success formula, I want your business to become
0:49.5	boring when you describe it to somebody. Hey, what do you do? I mean, I want you to have mission
0:54.0	statement and all that kind of stuff. But for the business owner to get out of that chaos, when you describe it to somebody. Hey, what do you do? I mean, I want you to have mission statement
0:54.3	and all that kind of stuff, but for the business owner to get out of that chaos, it should be boring.
0:59.5	We're just excellent at this, and this is all we do, and we never do this anymore.
1:04.0	Welcome to the Home Service Expert, where each week, Tommy chats with world-class entrepreneurs
1:09.5	and experts in various fields, like marketing,
1:12.6	sales, hiring, and leadership to find out what's really behind their success in business.
1:18.5	Now, your host, the Home Service Millionaire, Tommy Mello.
1:27.4	Okay, guys, I want to tell you a little bit about this next podcast.
1:30.6	It was absolutely phenomenally killer.
	...

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