Ryan Littlefield
100 posts

Ryan Littlefield
@RLttlfld
CFO - PG Home Services
Fort Wayne, IN Katılım Şubat 2014
45 Takip Edilen37 Takipçiler


@STLChrisH @msaskin The one searcher I know who went BK was self-funded with an SBA. I agree this isn’t talked about enough.
The other stat in this infographic that hits hard is how long it can take…
2 year search + 5 years of operation =
Failed Business
That’s a tough 7 years
English

9% bankruptcy on funded searchers.
Even greater on self-funded…
1/10 chance you lose your house. This isn’t talked about enough.
David Sachs@sachs_david
@STLChrisH There’s no covenants with SBA loans so the number banks publish is too low IMO. SBA will say sub 2% default but look at Stanford Search Fund primer. If you are a FUNDED Search Fund there is a ~9% bankruptcy risk. Self-funded typically have higher leverage as well.
English

@STLChrisH This will likely save someone’s life, but they’ll never know it! Driving is the mostly dangerous part of every industry with hours of drive time per day.
English

Our vehicle "accident rate" declined from 33% to 14% while our fleet grew from 200 to 300 trucks.
How? We installed cameras in every truck.
We implemented this change a couple years ago. As you'd expect, our drivers weren't thrilled.
We tried to implement the change in a way that respected privacy while adding accountability measures that could reverse a bad trend we were seeing.
For trucks assigned to a team member who drives the vehicle to and from work, we installed only road-facing cameras. Our shared trucks have dual-facing cameras that look at both the road and the cab.
The cameras have sensors that can: - detect speeding, rapid acceleration, hard braking, rolling through stop signs, and distracted driving.
Resistance to having a camera on board your truck is understandable, but I'm happy to say that our drivers have adapted well.
And the numbers don't lie—The cameras have worked, leading to fewer accidents, fewer injuries, and less money lost to damages.
Have you experienced driving a vehicle with a camera?
English

@STLChrisH For those that do successfully make this shift, I would bet most of them have a strong relationship with an executive coach/mentor to recognize the need to change and make the substantial effort to do it
English

The leadership journey from “Founder” to “CEO” of a large company requires the founder to evolve.
A start-up founder...
Will be wearing many hats. Hiring + Firing, leading team meetings, project planning, making capex decisions, approving payroll.
At scale, a CEO...
Will have their responsibilities consolidate around 3 primary functions:
Capital allocation.
Building + recruiting leaders.
Culture & strategy.
The misunderstanding?
Many founders aren't willing to do whatever it takes -- wear the many hats -- required to ensure the company's success.
They believe that their role at early stages is that of the CEO leading a scaled business.
And that becomes a contributing factor for why they will not achieve their ambitious growth objectives.
Is it possible for the same individual to successfully transition from a high-performing start-up founder to a high-performing CEO at the $100 million level?
English

@STLChrisH A lot of people I’ve spoken with value the membership purely based on the monthly fee charged, but this misses the forest for the trees. Could you share your average revenue per member per year? What % of members get some additional service/install other than their yearly tuneup?
English

I’ve heard a calling from some to abandoned memberships because they are low margin.
My view?
Memberships in home services matter. Particularly with seasonal trades.
1. Increases customer loyalty
2. Lowers cost to acquire leads /opportunities
3. Maintenance visits “fill up” the shoulder season

English

@DavidLewis9523 One other thing to try is to send the Google LSA review link to ALL your customers to boost those reviews up and see if that helps
English

@RLttlfld We have 2. One is slightly better than the other but not by much. We send the review both through LSA and outside lsa but we get so few leads it doesn't seem to matter.
English

I've been in LSA (Google Local Services) purgatory for the last few years.
Trickles here and there but never consistent and never improving.
I've tried a lot of changes that have been unfruitful. What should I try next?
LSA was our easiest lead driver when it initially launched. Long story, but we got caught up on the BOT downgrades. Obviously, it is more competitive now. I'm not expecting to get back to our previous performance but zero performance seems unreasonable when my market (Houston) is so large. @Google @GoogleAds
English

@zwilson I know @WilsonCompanies has had a lot of success with LSA - willing to share a screenshot of what your dashboard looks like?
English

It's a total farce.
I'd LOVE to see the people's data and dashboards that claim they are getting hundreds of leads a month from LSA.
I call BS.
We have some really big, good clients, with extraordinary reputations and large review counts and it barely produces anything.
I wish they would just reengineer the entire system because it's garbage as is.
English

LSA continues to be comical to me...
Estimated outcome: 80k spend per week and estimated to get 1300-3000 leads per week.
Actual outcome: <1k spend per week and getting ~4-6 leads per week.
How is it possible that Google engineers are this bad with an algorithm to estimate real world outcomes in LSA based on vertical, market, reviews, and other variables?

English

@zwilson Is this all discovered through trial and error/experimentation?
English

In local SEO, if you're not paying attention to the nuance of search terms in your region, you're missing out.
This is the difference between Charlotte, Houston and Miami.
People in Charlotte heavily favor "ac install" and "hvac installation" to "ac installation" while not showing much liking to "air conditioning installation" or "air conditioner installation".
Where people in Houston, have almost even distribution of "ac install", "ac installation", and "hvac installation".
Furthermore, Houston shows very little volume for "air conditioning installation" or "air conditioner installation".
And further south in Miami, searches heavily favor "ac installation" and "air conditioning installation" to anything else. To the extent the others have zero search volume.
Localizing your service area pages and your service pages to use the most common phrases within your region will have a marketable impact on conversions and CTR.



English

@DavidLewis9523 @TheMissionAC What a big milestone! Congratulations. As far as celebrating goes, you can’t beat catering from El Tiempo
English

Quick brag on our team @TheMissionAC . There are tons of companies with way more than us but we hit a milestone today by cracking 2,000 Google reviews.
We enacted some new processes that helped our team execute and get us there. Boom!
I promised the team we would have a party when we get there. Any suggestions?

English

@zwilson @WilsonCompanies @thehvacjack Thank you! Still not sure what it takes to get illegitimate reviews removed, but I certainly appreciate you flagging it. Of course, the best way to counteract it is to get more 5 star reviews!
You should be able to see this review if you find our Google LSA profile
English

@RLttlfld @WilsonCompanies @thehvacjack Weird. I can’t see that publicly.
FWIW I just marked one of your bad reviews as spam because the reviewer wasn’t a customer.
I’m sure it was a competitor or some hack SEO.
English

Shoutout to @WilsonCompanies and @thehvacjack for unveiling the mysteries of Google LSA to me and other OwnedAndOperated conference attendees last week. Following their guidance, we now have our first "Google verified job" review

English

@shalomnissim11 @WilsonCompanies @thehvacjack It’s hard to prove directly, but these reviews can boost your ranking for Google LSA substantially more than regular GMB reviews
English

@WilsonCompanies These really stand out - first thing I noticed when I walked through your office
English

@DavidLewis9523 I feel for the sellers in this case… they might have no idea they have an interested buyer being blocked by their inept broker
English

So far, I’m not impressed with small business brokers. Am I alone? Here was my most recent interaction on a Plumbing business for sale.
Me: “To start, I’d like 3 years of financials on the business”
Broker: “before I give the financials the owner wants to meet first”
Me: “great - let’s do it. I’m impressed they want to build a relationship first”
Broker: “before the meeting though I want to let you know we got another Bid. It’s $9mm. We need to know if you’re willing to offer more.”
Me: “OK, What would you like me to base my valuation on?”
Broker: “the financials”
Me: “you told me I couldn’t have them till after the meeting”
Broker: “oh, did I? Let me see if I can get that to you. We don’t want to setup the meeting unless you can go higher.”
English

@STLChrisH We need to lean into this more for our membership’s pitch.
How did you determine that this is the main driver for 10% of your members?
English

@thehvacjack @WilsonCompanies @OwnedOperatedco Appreciate you sharing so much! Already got our second Google LSA page submitted!
English

Just want to shout out to all the people I met at the Breaking 5m workshop @WilsonCompanies hosted last week for @OwnedOperatedco .
Met amazing business owners on such exciting paths. I got back home with almost no voice from talking so much shop. Great time.

English



