The Inside Scoop on Excellence

Author: Jane

Should I Use a Real Estate Agent or Sell on My Own?

Should I Use a Real Estate Agent or Sell on My Own?

Every year the residential housing market makes up 5 percent of the nation’s gross domestic product. That is a lot of cash flow! It means that selling your home is a big deal and it is something that you should give careful consideration to. You want […]

The Top 5 Finance Resources You Need to Know About in 2021

The Top 5 Finance Resources You Need to Know About in 2021

There’s no denying that 2020 was a terrible year for so many Americans. The coronavirus pandemic hit the economy hard. There are still high rates of hardship throughout the country.  If this pandemic has taught us one thing, it’s that not it’s more important than ever […]

5 Tips for Running a Successful Home Service Company

5 Tips for Running a Successful Home Service Company

Home services have been in higher demand in the last year. Since people have been working remotely (or not working at all) and staying home, the need for home services has skyrocketed. And this trend shows no signs of slowing down since many people may continue working remotely into the foreseeable future. So, if you’ve been thinking about starting your own home service company, here are a few tips that will help you run it successfully.

1. Determine What You’ll Offer

Running a successful home service company means knowing what services you’ll offer and being clear on them so that customers know exactly what you’re able to do for them. Create a list of services if you haven’t already and keep them in plain sight in your place of business so that customers know what to expect from your home service company. For example, if you plan on starting a plumbing business, you might offer services like:

  • Sewer line installation
  • Sewer line replacement
  • New plumbing system installation
  • Plumbing system inspections
  • Routine maintenance
  • Gas and electric water heater installation
  • Complete drain cleaning services
  • Comprehensive plumbing repairs

2. Keep Your Books Organized

Any successful business owner knows the importance of keeping your books organized so that when tax time rolls around, you’ll have all your receipts in one place and you know what came in and what went out. Get a bookkeeper or use accounting software, such as QuickBooks, Xero, Wave, FreshBooks, or QuickBooks Self-Employed. They each serve somewhat the same purpose with a few key differences. Compare them to see which one you might want to use for your home service company.

3. Learn Productivity Hacks

If you’ve never run a home service company before, you’ll need to find the most efficient ways to do things. For example, you might decide to invest in team communication and collaboration apps that help save time, such as Slack or Airtable, or you might need note-taking and to-do list apps like Evernote, Wunderlist, or Todoist. Whatever tools you get, make sure they help improve rather than take away from your team’s productivity.

4. Get Marketing Right

Getting the marketing right is one thing a lot of business owners struggle with, but getting it right is essential if you want to earn any money. There are plenty of inexpensive (and not-so-inexpensive) ways to market your business to get the word out about your home service company. The first step in getting marketing right is emphasizing your value proposition by telling others what makes you stand out from the competition. Then, invest in ads and promote your company on social media. You could also consider blogging to attract prospects to your website.

5. Hire the Right People

Hiring the right people is crucial to your success in any kind of business. Indeed, you want to hire people who will be great workers — those who are reliable and do what it takes to get the job done. In that vein, hiring proudly essential workers from your community can help improve the local economy. According to a top hiring manager, three principles can help you hire the right person. They include being challenging, being creative, and allowing your employees to help. Also, ask yourself, “Does this person seem truly interested in the work, and are they curious?”

Finding the Winning Recipe for Success

Running a successful home service company takes time and effort — and the right tools and resources, of course. Using the above as a guide, you can start your own successful home service company and grow it to its full potential.

How to Sell a House for Cash: The Key Things to Do

How to Sell a House for Cash: The Key Things to Do

Are you trying to sell a house for cash? For a lot of sellers, the speed and ease of cash sales are attractive prospects. However, if selling in this way, you still know how to get the best for your money.  From preparing to finding […]

5 Pro Tips for Making Your Financial Plan for Retirement

5 Pro Tips for Making Your Financial Plan for Retirement

Are you prepared for retirement? If not, you need to get your financial situation in order. From investing to debt management, there are key steps you can take now to set yourself up for success. Read on to learn 5 pro tips for making your […]