Today Stan talks with Tony Bass who partnered up with Michael Gerber (author of The E Myth: Why Most Businesses Don’t Work and What to Do About It) to write The E Myth: Landscape and Contractors edition.
Before he read The E-Myth, Tony’s landscaping business was making approximately $350,000 in revenue with 8 employees. After reading the book, he took a 6 month sabbatical to create systems he could apply to replicate and expand his company.
5 years after his sabbatical, Tony was at about $1 million in revenue. The revenue wasn’t important, it was the foundation. He had plans for every part of his business. A financial plan. Marketing plan. Operational plan. organizational charts. Job descriptions. Training manuals.
5 Mega Trends that Catapult or Kill
- Baby boomers buy more services
- Fuel prices are lower
- Big companies face higher cost of labor than smaller companies
- Pay rates are going up