Mark Kohler says service businesses like landscaping and dentistry can't scale through automation the way product companies do. Growth depends entirely on hiring and training employees, not technology. The owner becomes a manager, not just a practitioner.
Generally, we're selling as small business owners a product or a service. I have a client with a couple of employees making $1 million. They're selling products in the middle of the night. There can be a lot of use of technology, software, blah, blah, blah. But with service, however, especially in skilled labor services in a small town, think landscaper to chiropractor to dentist, your ability to scale is going to be driven by your willingness and ability to hire employees because that service has to be completed. Under your direction and toolage if you want to scale.
The secret to managing your family's future #financialfreedom #estateplanning #shorts
Moving Property to an LLC: What They Don't Tell You #realestate #investing #tips
