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Tommy Mello

๐Ÿ‘ค Speaker
6734 total appearances

Appearances Over Time

Podcast Appearances

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

You were a business with leads, product market fit with traction, and it's just diluted focus.

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

This is what this is.

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

So let's talk about financials for a moment because I built a calculator and all of my tools are free and publicly open.

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

I don't sell tools.

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

And the idea here is...

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

Here's where people get this wrong.

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

When they look at their business, they look at it as one thing.

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

But their business is not one thing.

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

It's a collection of multiple different things you do.

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

Either different products you sell or different type of customers you serve or different channels you acquire customers through.

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

And if you look at your business, you ask yourself, okay, so if I had to almost segment my business by type of product that I sell or by the type of...

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

the type of personas or customers that I serve.

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

And then what most people do is they look at their cogs, right?

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

They look at the direct cost and say, hey, this is profitable.

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

What they don't look at a lot of times is the overhead that is associated with that specific activity.

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

So let's take an example.

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

Let's say that you have a wholesale side to your business and you have a retail size.

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

There are different office or backend or overhead costs that are associated with that revenue stream that if you didn't have that revenue stream, were never there.

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

So if you are doing like wholesale, that requires a special sales team to sell to that size.

The Home Service Expert Podcast
The #1 Reason Home Service Companies Get Stuck Between $1M and $10M

Everything.