Justin Krane is a certified financial planner and a money strategist for business owners. He founded Krane Financial Solutions, and frequently guests as a financial expert on popular TV shows such as CBS and Fox Business News. His mission is to help business owners better understand the financial side of their business. In this episode, we talked about cash flow, scaling, revenue generation…

Show notes

  • Introducing Justin Krane. [00:30]
  • The two questions that Justin asks to really know if a business owner understands their numbers. [03:19]
  • Justin talks about the two KPIs to focus on. [04:23]
  • What cashflow really means. [05:00]
  • Why cancelling your credit card once a year can significantly reduce unnecessary expenses. [07:47]
  • How to make sure that you are proactively controlling your expenses. [08:18]
  • What context means when it comes to pricing. [09:36]
  • The two reasons why businesses have problems with inventory, and ways to workaround them. [11:31]
  • Why paying yourself first is important in business. [12:46]
  • The first step business owners should take to work on the business instead of in the business. [21:39]
  • The many benefits of having service agreements. [23:10]
  • The magic payroll ratio that you should maintain in your business. [26:48]
  • The ideal time for business owners to think about scaling their business. [28:38]
  • The most common mistake that leaders make when they are trying to scale their business. [31:47]
  • Two books on Justin’s reading list. [33:37]
  • Where to get more information about Justin. [34:33]
  • Justin’s most important piece of advice to home service business owners. [36:01]

Resources And People Mentioned:

How To 3x Your Calls, Leads, Sales In 90 Days

To reward early listeners, I’m giving out a guide that contains my formula to 8-figure success. I have tested and proven these strategies in my own $30M home service business. They work time and time again. Whether it’s getting more calls, more leads or more sale. All you have to do is do what I did, and you will 2x or 3x your business.