#323 // Why Boring Businesses Win with Greg Crowe

<p>Doing the same thing twice and getting an excellent result is sexy. </p><p><br /></p><p>Revenue must exceed expenditure. Daily. Weekly. Monthly. Yearly. </p><p><br /></p><p>Closed jobs must hit north of 20%++. Every time. Every day. No excuses. </p><p><br /></p><p>Ongoing jobs must be on a pathway to make north of 20%. Every time. No excuses. </p><p><br /></p><p>Labour efficiency must hit its targets. Allocation. Utilisation. Quality. </p><p><br /></p><p>Be excellent. On site. Off site. Communication. Vision. Mission. Staff. Clients. Materials. Admin. Everything must be excellent. </p><p><br /></p><p>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. </p><p><br /></p><p>And repeating similar (or the same) tasks gets boring. </p><p><br /></p><p>Sure it works! But it’s monotonous. </p><p><br /></p><p>Sure it works! But it’s mundane. </p><p><br /></p><p>So you need to find the sexy in monotony. Find the sexy in mundane. </p><p><br /></p><p>Find the sexy in doing the same thing twice and getting an excellent result. </p><p><br /></p><p>Get stuck on the hamster wheel that’s sexy. </p><p><br /></p><p>And then repeat it. </p><p><br /></p><p>For decades. </p><p><br /></p><p>Enjoy the pod x </p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Summary</p><p><br /></p><p>Greg 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.</p><p><br /></p><p><br /></p><p>Keywords</p><p><br /></p><p>business success, consistency, profitability, excellence, business growth, long-term strategy</p><p><br /></p><p><br /></p><p>Key Topics</p><p><br /></p><p>The concept of positive hamster cycles in business</p><p>Importance of sticking to proven strategies</p><p>Maintaining 20-40% net profit on jobs</p><p>Labor efficiency and quality of work</p><p>The role of the office in business profitability</p><p>The importance of being excellent and service quality</p><p>Long-term focus over short-term gains</p><p>The value of continuous improvement</p><p><br /></p><p><br /></p><p>Titles</p><p><br /></p><p>The Power of Boring Business Success</p><p>Why Consistency Wins in Business</p><p><br /></p><p><br /></p><p>Chapters</p><p><br /></p><p>00:00 Introduction: Why Boring Businesses Win</p><p>00:30 The Negative and Positive Hamster Wheels</p><p>01:23 Getting Stuck in a Positive Cycle</p><p>02:17 Remembering When Your Business Worked</p><p>03:16 Diverting from What Works</p><p>04:13 The Power of Consistency and Boredom</p><p>05:11 Revenue and Expenditure: The Basics</p><p>06:35 Introducing Dave: The Business App</p><p>08:29 Avoiding the Shadowy Place: Jobs Under 20% Net Profit</p><p>09:23 Gross Profit vs. Net Profit</p><p>10:16 The Importance of Paying Yourself a Market Wage</p><p>11:14 Managing Ongoing Jobs for Profitability</p><p>12:43 Learning from Job Mishandling</p><p>14:12 Checking Job Profitability and Labor Efficiency</p><p>16:25 Opportunity Cost and Office Time</p><p>18:01 The Value of Office Management and Quotes</p><p>19:44 The Cost of Rushing and Mistakes</p><p>21:06 The Power of Chasing Subcontractors</p><p>22:07 The Money is Made in the Office</p><p>23:27 The Core Values: Make Money, Build Wealth, Be Kind</p><p>24:28 Be Excellent: The Key to Business Success</p><p>26:46 The Importance of Quality and Communication</p><p>28:10 Progressing in Business: The Car Park Analogy</p><p>29:36 The Boring Path to Success</p><p>30:34 Final Thoughts: Consistency and Excellence</p>