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Inside The Trades
Inside The Trades seeks to find the answers on closing the talent gap and making the skilled trades an attractive destination for the next generation.We see the solution to this problem sits with the youth of today and helping them learn how the skilled trades are a pathway to a lucrative career. We talk with community and business leaders and hear their stories about the education, innovations and technology they're using today to build fulfilling careers. If you are a parent, school administrator or employer looking for ways to highlight the benefits of a skilled trades career please like, follow and share our show. If you have a story to tell that you think will help this mission please reach out to us!
Inside The Trades
EP 49: Matt's Business Ownership Adventures Part 3 - What Happens When Everything Goes Wrong Before Lunch?
In this week's "Emergency Pod" session Matt talks about the challenges and strategies involved in pricing, marketing, and running a mosquito control franchise, all while dealing with multiple disasters in the span of one morning.
His reflections on three months of business ownership include:
- The importance of raising prices to reflect the value and target higher-end customers
- Focusing on perceived value is key, as wealthy customers are willing to pay more for the best quality.
- Identifying talent as a marketing issue (Thank you, Ryan Englin )and aiming to hire and train high-value talent to deliver exceptional service.
Despite the challenges, Matt is determined to push through the growing pains and achieve success.
Key Points:
- Raising prices helps lock in value and cater to higher-end customers.
- Targeting wealthy customers requires understanding their mindset and offering the best quality.
- Franchise owners have flexibility in setting prices and creating their own sales strategies.
- Reinvesting profits allows for improved operations, marketing, and talent acquisition.
- The mosquito business is fundamentally a marketing business, requiring a focus on effective marketing strategies.
- Talent is a crucial aspect and needs to align with the value promised to customers.
- Challenges and setbacks are part of the process, and perseverance is essential for long-term success.
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