#323 // Why Boring Businesses Win with Greg Crowe

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 SummaryGreg 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.Keywordsbusiness success, consistency, profitability, excellence, business growth, long-term strategyKey TopicsThe concept of positive hamster cycles in businessImportance of sticking to proven strategiesMaintaining 20-40% net profit on jobsLabor efficiency and quality of workThe role of the office in business profitabilityThe importance of being excellent and service qualityLong-term focus over short-term gainsThe value of continuous improvementTitlesThe Power of Boring Business SuccessWhy Consistency Wins in BusinessChapters00:00 Introduction: Why Boring Businesses Win00:30 The Negative and Positive Hamster Wheels01:23 Getting Stuck in a Positive Cycle02:17 Remembering When Your Business Worked03:16 Diverting from What Works04:13 The Power of Consistency and Boredom05:11 Revenue and Expenditure: The Basics06:35 Introducing Dave: The Business App08:29 Avoiding the Shadowy Place: Jobs Under 20% Net Profit09:23 Gross Profit vs. Net Profit10:16 The Importance of Paying Yourself a Market Wage11:14 Managing Ongoing Jobs for Profitability12:43 Learning from Job Mishandling14:12 Checking Job Profitability and Labor Efficiency16:25 Opportunity Cost and Office Time18:01 The Value of Office Management and Quotes19:44 The Cost of Rushing and Mistakes21:06 The Power of Chasing Subcontractors22:07 The Money is Made in the Office23:27 The Core Values: Make Money, Build Wealth, Be Kind24:28 Be Excellent: The Key to Business Success26:46 The Importance of Quality and Communication28:10 Progressing in Business: The Car Park Analogy29:36 The Boring Path to Success30:34 Final Thoughts: Consistency and Excellence