Episode 245: Budget For 2025 With The Boys

While we’re settling into winter and looking forward to the holiday season, it’s still not time to let off the gas. On today’s episode of To The Point, we bring on the infamous “LSD Group” of home services industry leaders to talk about budgeting, financials, and setting yourself up for success in 2025.

• Host Chris Yano of RYNO Strategic Solutions
• Chad Peterman of Peterman Brothers
• Tommy Mello of A1 Garage Doors
• Aaron Gaynor of Eco Plumbers
• Travis Ringe of ProSkill Services
• Tom Howard of Service Titan
• Ismael Valdez of NexGen Heating & Air

Home Services Budgeting Like the Pros

Whether EBITDA and P&Ls are a daily conversation in your home services company or you’re just downloading QuickBooks for the first time, understanding your financials is imperative to success. The LSD Group gets down and dirty with the numbers and discusses exactly what’s been successful for them in the past, what they’re focused on for 2025, and what they believe contractors of all shapes and sizes should be considering as they plan for next year’s revenue goals.

• The top things home services businesses should be focused on for their 2025 budget
• Bonusing and how to tie it into your budget
• Multi–vertical companies and how to segment your budget per vertical
• How to plan your budget to accommodate seasonal shifts
• Budgeting for unexpected expenses
• The frequency at which you should be reviewing your financials
• Raising prices to impact your budget
• And more!

Tap Your Resources

Wanting to grow a million dollars next year is not a budget—that’s a goal. Budgeting is how you make sure you hit that goal. The most important thing you can do is dedicate time to budgeting—make it a priority! Set that time on the schedule, own it, have a clear agenda, and get the right people in the room.

Still not sure where to start or need some extra help? In addition to the wealth of information out there in books, podcasts, and videos, you can join the upcoming Home Service Freedom event where Tom Howard and Ellen Rohr will be leading a masterclass meeting on budgeting!