Episode Details

Doing the same thing twice and getting an excellent result is sexy. 

Revenue must exceed expenditure. Daily. Weekly. Monthly. Yearly. 

Closed jobs must hit north of 20%++. Every time. Every day. No excuses. 

Ongoing jobs must be on a pathway to make north of 20%. Every time. No excuses. 

Labour efficiency must hit its targets. Allocation. Utilisation. Quality. 

Be excellent. On site. Off site. Communication. Vision. Mission. Staff. Clients. Materials. Admin. Everything must be excellent. 

And to do things that work you must repeat similar (or the same) tasks. Every day. Every week.  Every month. Every year. For decades. Until you stop. 

And repeating similar (or the same) tasks gets boring. 

Sure it works! But it’s monotonous. 

Sure it works! But it’s mundane. 

So you need to find the sexy in monotony. Find the sexy in mundane. 

Find the sexy in doing the same thing twice and getting an excellent result. 

Get stuck on the hamster wheel that’s sexy. 

And then repeat it. 

For decades. 

Enjoy the pod x 

Summary

Greg Crowe shares insights on how consistent, boring business practices can lead to long-term success. He emphasizes the importance of sticking to what works, maintaining excellence, and focusing on relationships and profitability over time.

Keywords

business success, consistency, profitability, excellence, business growth, long-term strategy

Key Topics

The concept of positive hamster cycles in business

Importance of sticking to proven strategies

Maintaining 20-40% net profit on jobs

Labor efficiency and quality of work

The role of the office in business profitability

The importance of being excellent and service quality

Long-term focus over short-term gains

The value of continuous improvement

Titles

The Power of Boring Business Success

Why Consistency Wins in Business

Chapters

00:00 Introduction: Why Boring Businesses Win

00:30 The Negative and Positive Hamster Wheels

01:23 Getting Stuck in a Positive Cycle

02:17 Remembering When Your Business Worked

03:16 Diverting from What Works

04:13 The Power of Consistency and Boredom

05:11 Revenue and Expenditure: The Basics

06:35 Introducing Dave: The Business App

08:29 Avoiding the Shadowy Place: Jobs Under 20% Net Profit

09:23 Gross Profit vs. Net Profit

10:16 The Importance of Paying Yourself a Market Wage

11:14 Managing Ongoing Jobs for Profitability

12:43 Learning from Job Mishandling

14:12 Checking Job Profitability and Labor Efficiency

16:25 Opportunity Cost and Office Time

18:01 The Value of Office Management and Quotes

19:44 The Cost of Rushing and Mistakes

21:06 The Power of Chasing Subcontractors

22:07 The Money is Made in the Office

23:27 The Core Values: Make Money, Build Wealth, Be Kind

24:28 Be Excellent: The Key to Business Success

26:46 The Importance of Quality and Communication

28:10 Progressing in Business: The Car Park Analogy

29:36 The Boring Path to Success

30:34 Final Thoughts: Consistency and Excellence