Double Your Profit Day 5: Zero-Based Budgeting for Home Service Businesses, Contractors, and Small Business Owners
Welcome to Day 5 of the "Double Your Profit" 30-Day Challenge — your go-to business growth series for home service business owners, contractors, and small business entrepreneurs looking to boost profit margins fast.
Today’s strategy? Zero-based budgeting — one of the most powerful financial tools for HVAC companies, plumbing businesses, electrical contractors, cleaning service operators, and anyone in the trades or service-based industries.
🔧 Most small businesses budget based on last year’s expenses. Not here. We’re showing you how to start from scratch — building your 2025 home service business budget from zero, line by line. Every expense, every tool, every salary, every marketing dollar must be justified and aligned with profitability.
✅ What is zero-based budgeting and why it works
✅ How to apply it to your contractor business
✅ Tips to cut overhead, improve cash flow, and increase EBITDA
✅ Why it’s a game-changer for scaling your field service company
🔑 What You’ll Learn Today:
What zero-based budgeting actually means
Why you should ignore revenue when setting budgets
How to start from zero and justify each expense
Re-evaluating overhead like marketing, admin, and utilities
Focusing on your biggest costs first for faster savings
💼 This Episode is Brought to You by Avoca AI!
Looking to train your call center and improve technician performance? Avoca AI helps teams identify issues, improve call quality, and drive results from start to finish.
More Ways To Connect with O&O
John Wilson, CEO of Wilson Companies
Jack Carr, CEO of Rapid HVAC
📌 Disclaimer:
Some links may include UTM parameters for tracking. Episodes may feature paid sponsors, but all opinions are our own. Always do your own research before making business decisions.