Phil RisherPhlash Consulting · No. 1 Digital Marketing Consulting Company For $1m-10m Home Service Businesses 🚀

DONT SHARE THESE NUMBERS #hvac #plumbing #lawncare #electrician #carpetcleaning

28 Mar 2024 · 1 min

Watch on YouTube

0:44

A short excerpt from a YouTube video by Phil Risher about challenges that arise as a business scales: managing many personalities, being careful with what is said, and the need to back public goals with education. The speaker warns against casually sharing headline revenue targets because employees may misunderstand retained amounts—e.g., a stated goal of $1.2 million in monthly revenue vs. roughly $50,000 that the owner keeps and reinvests to grow the business.

Questions this video answers

$1.2 million (this month in revenue).

$50,000 (kept at best and reinvested).

Chapters

The bigger you get, the harder that becomes. Because you've got so many different personalities, so many different people in the business, and you've got to be very careful about what you say, you know, and anything you do say. Here's the. Here's the key. Right. It has to be backed by education. I can't just say our goal is, you know, $1.2 million this month in revenue, because there's going to be somebody sitting in that room saying, well, then I deserve a raise, you know, but they don't know that I keep $50,000 of that at best. Right. And then they don't understand how that $50,000 kept is kept so we can grow. It gets reinvested.