4.8 • 705 Ratings
🗓️ 10 November 2023
⏱️ 72 minutes
🧾️ Download transcript
Keegan Hodges is the co-CEO of Best Home Services and a board member at Apex Service Partners, a leading national provider of air conditioning, plumbing, and electrical services. Keegan was honored with the Business Ambassador Award, presented by Gov. Rick Scott, and has achieved a remarkable feat by winning the Carrier Corporation President's Award for six consecutive years.
In this episode, we talked about private equity, acquisitions, integrations...
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| 0:00.0 | Grow your current market first. |
| 0:02.4 | 100%. |
| 0:03.1 | Don't even think about leaving that market. |
| 0:06.5 | And by that, I mean, if you're in the HVAC field and if you've done your market studies |
| 0:12.6 | and you've captured what you think is a huge portion of market share, then before saying, |
| 0:18.3 | hey, I need to expand in another market. Bring on another service line. |
| 0:22.2 | Bring on plumbing. |
| 0:23.7 | Bring on electric. |
| 0:25.0 | Bring on garage doors. |
| 0:26.7 | Do all of that first because you already have the customer base. |
| 0:30.9 | You know, utilize milk that customer base like it's a cow for as long as you can. |
| 0:35.5 | Once you finally melt that cow as much as you can, then start |
| 0:40.6 | to expand your footprint. And what I'm seeing out there today, I mean, I'm kind of out of the touch, |
| 0:46.1 | but what I'm seeing out there today is these young kids are so eager to expand and get new markets. |
| 0:54.5 | And really, they should just harvest the fields they have in their own backyard first. |
| 0:59.1 | Welcome to the Home Service Expert, where each week, Tommy chats with world-class entrepreneurs |
| 1:04.7 | and experts in various fields, like marketing, sales, hiring, and leadership, to find out |
| 1:10.5 | what's really behind their success |
| 1:12.6 | in business. Now, your host, the Home Service Millionaire, Tommy Mello. |
| 1:21.2 | Before we get started, I wanted to share two important things with you. First, I want you to |
| 1:25.6 | implement what you learned today. To do that, |
| 1:27.9 | you'll have to take a lot of notes, but I also want you to fully concentrate on the interview. |
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