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Mike Barnhart

👤 Person
282 total appearances

Appearances Over Time

Podcast Appearances

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

A lot of times I'll look at location differences. So I want to see how locations are scaling on margin. As CFOs, we definitely care about margin. And that's the nice thing. When you're green fielding a location, you can get to margin stability before you can get to cash flow stability. And you want to keep focusing on how do I actually just

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

A lot of times I'll look at location differences. So I want to see how locations are scaling on margin. As CFOs, we definitely care about margin. And that's the nice thing. When you're green fielding a location, you can get to margin stability before you can get to cash flow stability. And you want to keep focusing on how do I actually just

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

make this a margin profitable business where some people have gross margin of 50%, some people are 55%. It really depends on what your trade is. If you're heavy HVAC replacement, you're probably going to be lower than if you're an electric residential service. But trying to manage that 50 plus percent margin across your business is always going to keep you super healthy.

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

make this a margin profitable business where some people have gross margin of 50%, some people are 55%. It really depends on what your trade is. If you're heavy HVAC replacement, you're probably going to be lower than if you're an electric residential service. But trying to manage that 50 plus percent margin across your business is always going to keep you super healthy.

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

So we did the brand, started in 2022, so we were about $40 million.

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

So we did the brand, started in 2022, so we were about $40 million.

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

Yeah. Oh, yeah, he just showed me your pickup truck wrap. That looked pretty good.

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

Yeah. Oh, yeah, he just showed me your pickup truck wrap. That looked pretty good.

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

I want one of those. But the... Yeah, we worked with them because we added HVAC and electric and we worked with Wizard of Ads on that one. It was adding electric was pretty last minute decision. But, you know, the brand is eco plumbers, electricians and HVAC technicians. That's very intentional. It's not eco plumbing. It's not eco electric. It's eco plumbers. It's eco electricians.

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

I want one of those. But the... Yeah, we worked with them because we added HVAC and electric and we worked with Wizard of Ads on that one. It was adding electric was pretty last minute decision. But, you know, the brand is eco plumbers, electricians and HVAC technicians. That's very intentional. It's not eco plumbing. It's not eco electric. It's eco plumbers. It's eco electricians.

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

It's about the people. It's not about the service. And so we rebranded as that, made it more focused on the eco. So it's very in your face. Even this year, so we're almost up to 300 trucks now. And we realized we don't need billboards in Columbus, Ohio anymore. We have 250 of them going around. So let's put that money into a different part of marketing.

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

It's about the people. It's not about the service. And so we rebranded as that, made it more focused on the eco. So it's very in your face. Even this year, so we're almost up to 300 trucks now. And we realized we don't need billboards in Columbus, Ohio anymore. We have 250 of them going around. So let's put that money into a different part of marketing.

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

Yeah. So, I mean, you know, I'm the finance side of the business, and I do some ops. But, you know, I've always been super lucky. Like, Aaron's always handled marketing and sales strategy. But Roy seems to really like me. He calls me Bear. But, you know, the... We have a good relationship with them.

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

Yeah. So, I mean, you know, I'm the finance side of the business, and I do some ops. But, you know, I've always been super lucky. Like, Aaron's always handled marketing and sales strategy. But Roy seems to really like me. He calls me Bear. But, you know, the... We have a good relationship with them.

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

And, you know, I think the interesting thing is the way I look at marketing and the way that Aaron and him look at marketing are way different. So like every time I've had an idea, he's basically like, that's a terrible idea, Mike, because I don't think that like I look at it like, you know, maybe connecting with the logic or the value of a customer.

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

And, you know, I think the interesting thing is the way I look at marketing and the way that Aaron and him look at marketing are way different. So like every time I've had an idea, he's basically like, that's a terrible idea, Mike, because I don't think that like I look at it like, you know, maybe connecting with the logic or the value of a customer.

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

And he thinks about marketing more about storytelling and being an entertainer and really just like, you know, taking a minute to allow people to think about something else from their day other than what's actually happening in their lives. And for that, it's been a really good partnership. We've definitely created a storyline that happens within the business.

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

And he thinks about marketing more about storytelling and being an entertainer and really just like, you know, taking a minute to allow people to think about something else from their day other than what's actually happening in their lives. And for that, it's been a really good partnership. We've definitely created a storyline that happens within the business.

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

And he's done a great job for other companies as well.

The Home Service Expert Podcast
Harnessing AI for Financial Insights with Mike Barnhart

And he's done a great job for other companies as well.