Episode 76 - Electrician Cash Management Secrets Pt II

Ep 76 - Electrician Cash Management Secrets Pt II

 Clay and Joseph discussed their sales process and how it helps eliminate objections. They also talked about the importance of sales for a business's survival. 

Clay and Joseph discussed the importance of mastering sales and increasing profitability by controlling costs and raising prices. They emphasized the need to focus on all three aspects simultaneously for maximum impact

Clay, Joseph, and others discussed various ways to increase profit in a business, including cutting fixed expenses and managing cost of goods sold. They also emphasized the importance of having standard operating procedures in place to ensure consistency and scalability. - PLAY @26:54: 

Joseph and Clay discussed cash management and the importance of financial literacy in business. They also emphasized the significance of training and having a proven process to create a well-oiled machine that can run with or without the owner. - PLAY @35:47

Clay and Joseph ended the episode where they talked about mastering sales, simplifying pricing, and delivering premium level service. They were excited to do it again the next day. 

Tactical:

Action: -Take an online test to gauge your financial literacy and commit to learning about money to master it. 

Einstein Quote:

"Compound interest is the 8th wonder of the world; those who understand it, earn it; those who don't, pay it."

All Star Action: -Build a routine to consistently check your COGS & Fixed expenses so that you can recognize those opportunities to save $$$ for profit and recognize the trends that are stealing profit away from us. 

Additionally, consider getting a new Credit Card and cancelling the old one to have the recurring bills reach out to you, and you can reneg/reconsider their expense as necessary.

#electricpreneursecrets

#ForElectriciansByElectricians

See the episode here:

https://www.facebook.com/groups/electricpreneursecrets