November 5, 2024
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.
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.
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!