Episode Details

Today we have Josh Ford from New Age Electrical on the podcast to share his 7 business lessons from the last 7 years of business.

Based out of Ballina, and boasting a strong social following, New Age Electrical has become the benchmark of what healthy growth + success looks like.

But what was the cost? And what was the true cost? What were the major lessons + learnings along the way? What would Fordy do again? What would Fordy never do again?

Greg Crowe sits down with the one and only “Ford Lord” to discuss.

Enjoy the pod x

Content Type

Interview

Primary Goal

Educational

Summary

In this episode, a seasoned business owner shares seven key lessons learned over seven years of running a successful electrical business. Topics include pricing strategies, building strong relationships, effective systems, and maintaining work-life balance.

Keywords

business lessons, electrical business, pricing, relationships, systems, work-life balance, entrepreneurship, business growth

Key Topics

Pricing and quoting strategies

Importance of relationships in business

Implementing effective systems

Hiring and managing staff

Work-life balance for business owners

Takeaways

Always back cost your jobs to understand profitability.

Build strong relationships with clients and partners.

Implement and optimize systems early for efficiency.

Hire for attitude, train for skill.

Prioritize family and personal time to sustain long-term success.

 Sound Bites

"Find your why and build with purpose."

"Hire for attitude, train for skill."

"Make time for family and personal growth."

Chapters

00:00 Introduction and overview of business lessons

01:51 Why understanding your 'why' is crucial

04:07 Building a business with purpose and long-term goals

06:01 The importance of complementary skill sets in partnerships

07:53 Handling stress and responsibility in business

09:50 The value of relationships and networking

12:09 Key lessons on quoting and pricing

20:08 Hiring, managing staff, and team culture

30:04 Implementing systems and technology effectively

39:57 Contracts, scope of works, and legal considerations

50:13 Balancing work and family life

54:58 Reflecting on lessons learned and future goals