Al is President of The 7-Power Contractor, a business consulting and training firm that has helped hundreds of home service businesses. Plumbing & Mechanical Magazine named him one of the 25 most influential contractors in the United States. In this episode, we talked about business strategy, marketing, acquisitions…

Show Notes

• Introducing Al Levi. [01:05]
• Al’s entrepreneurial start in his family business. [01:46]
• Al explains the seven powers all successful home service entrepreneurs should have. [04:42]
• The collaboration that Al had with another top business owner, Ellen Rohr. [19:46]
• Greatest lessons Al learned as one of the 25 most influential contractors in the United States. [22:04]
• Al’s advice on building a great business foundation. [25:45]
• Why the ‘rifle’ approach is a lot more powerful than the ‘shotgun’ approach in business. [32:33]
• Al’s analysis on doing the transition process of a company acquisition right. [39:27]
• Al’s view on what makes a good acquistion. [43:52]
• Why not everyone is your customer. [49:15]
• Al’s secret behind successfully structuring many acquisition deals. [52:59]
• How to charge the right amount for your customers. [57:45]
• Al shares his mistake when he was doing sales in his initial business journey. [1:04:07]
• The importance of providing “above and beyond” rewards for your employees even if you run a small business. [1:07:11]
• The days of Yellow Pages are gone – even among the 50-year-olds.  [1:18:22]
• Al’s simple exercise to demonstrate why delegation is essential to scaling a business. [1:20:17]

Resources and People Mentioned

• The 7-Power Contractor by Al Levi
• The 7-Power Contractor – Cheat Sheet 
• The E-Myth Revisited by Michael E. Gerber
• Why People, Process, and Product Are the Keys to Success by Marcus Lemonis
• The Profit by Marcus Lemonis
• Off balance on Purpose by Dan Thurmon
• Start with Why By Simon Sinek