Maximize Vs. Optimize Your Plumbing Company

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The 80-20 Rule For Plumbing Company Success

This Article Will Focus on helping plumbing contractors like you generate the most long term profits from your Plumbing Company by introducing you to the concept of Optimizing Vs. Maximizing.

The First Place ? To start is to understand how the 80/20 Rule applies to your Plumbing Company. ÿIn short 80% of your profits come from 20% of your customers or clients and yet every Plumbing Contractor we have ever met who is struggling financially is focusing their time, money and efforts on serving the 80% of their customers or clients who generate 20% of their Plumbing Company profits.

Some Plumbing Company ? Owners feel that all staff members from the laborers to the Project Managers need to hustle and run everywhere and if they are giving less than 110% to the job they are not doing enough.

Some Plumbing Contractors ? Like to make sure everybody knows they can be replaced at any time day or night which makes people uncomfortable and likely to search for another job elsewhere. If an employee of your Plumbing Company spends just ten minutes a day on your payroll looking for a better job it can cost you a lot more profit than you gain by being the tough guy or gal. These Plumbing Contractors use several variations of the management concept described by Douglas McGregor, an American social psychologist.

Theory X Authoritarian Management Style

When Plumbing Contractors ? Treat their tax preparer, banker, construction accountant, suppliers, construction attorney, financial planner (what should have been his Board of Advisors) vendors, bookkeeper and everyone they come in contact with like an enemy they are likely to lose money due to bookkeeping errors, slow service and general lost time.

The average person dislikes work and will avoid it he/she can.

The average person dislikes work and will avoid it he/she can.
Therefore most people must be forced with the threat of punishment to work towards organizational objectives.
The average person prefers to be directed; to avoid responsibility; is relatively unambitious, and wants security above all else.

If Plumbing Company Profits ? Averaged over the past five years are less than 10% you may want to contact your construction accountant. If you need one you call Sharie 206-361-3950 for a no-charge consultation. ÿIn addition you may want to look into developing a Business Strategy Program specific to the needs of your Plumbing Company.

There Are Many ? Fast, easy and safe ways to increase your Plumbing Company profits on our website and put more money in the bank to operate and grow your business. Some are FREE and you can implement them yourself and some cost money.

No Free Lunch Today

In The End There Is NO FREE LUNCH! ? To my Plumbing Contractor brothers and sisters who insist to learning by experience and

being the Do-It-Yourselfers you have a paradigm which is not serving you well and in fact could be costing you many millions of dollars in missed opportunities. The good news is I really understand at a deep level why you are doing it and believe it or not it hurts me when I see you do it.

Your Plumbing Company Is Like A Car ? A new car that is optimized by driving it with reasonable care and caution on paved highways at posted speed limits can be expected to last 100,000 or more during its lifetime. That same car maximized by driving it on an oval race track as fast as it will go can be expected to last closer to 10,000 miles during its lifetime and possibly a lot less. Maximize your Plumbing Company and it may generate high profits for a short time.

Maximize Vs. Optimize Your Plumbing Company

Optimize your Plumbing Company and it could generate an income stream to feed you and your loved one?s needs for a lifetime. Add a strategic plan and it could continue feeding your family and your heirs long after you are gone.

If You Maximize Your Plumbing Truck / Van ? With every tool you think you may need and loading it to the sky with all the parts and inventory you think you may need and drive hard and fast while thinking you are maximizing that resource perhaps it is time to re-examine that method. In the end it is not a good thing.

Maximize Your Plumbing Company

Benefit ? Hopefully fewer trips to the plumbing supply houses, Lowes, Home depot or other places which will save you a little bit of time and money.

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