How to Grow a Service Business: 5 Numbers You Must Track

🚨 𝙏𝙧𝙮 𝙌𝙪𝙤𝙩𝙚𝙄𝙌 𝙛𝙤𝙧 𝙁𝙍𝙀𝙀 : https://MyQuoteIQ.com (𝟏𝟒-𝐃𝐚𝐲 𝐓𝐫𝐢𝐚𝐥) 💻 𝘽𝙪𝙙𝙜𝙚𝙩 𝘽𝙪𝙞𝙡𝙩 𝙒𝙚𝙗𝙨𝙞𝙩𝙚𝙨 - https://BudgetBuiltSites.com (𝟑𝟎% 𝐎𝐅𝐅 - 𝐏𝐫𝐨𝐦𝐨 𝐂𝐨𝐝𝐞: 𝐁𝐁𝐒) How do you actually grow a service business and make more money? Most contractors focus on staying busy, landing jobs, and generating revenue. But being busy doesn’t mean your business is profitable. Many home service businesses fail because owners are tracking the wrong numbers or not tracking anything at all. In this video, I break down the 5 numbers every service business owner must track if they want to grow a profitable company. These key performance indicators are the difference between businesses that stay stuck at $100k a year and the ones that scale to $1M+. After running service businesses for more than 20 years and building QuoteIQ into one of the fastest growing CRM platforms for contractors, one thing has become very clear: the owners who understand their numbers grow faster and make more money. In this video we cover: Customer Acquisition Cost (CAC) – how much it costs to get a new customer Lifetime Value (LTV) – how much each customer is actually worth Close Rate – how many quotes turn into booked jobs Average Job Value – how to increase your ticket price Gross Profit Margin – the number that actually determines profitability If you’re running a pressure washing company, window cleaning business, lawn care service, painting company, or any other home service business, these numbers will completely change the way you look at your business. Stop guessing. Start tracking. If you want software that helps you track these numbers automatically, check out QuoteIQ, a CRM built specifically for home service businesses. Start your 14-day free trial: https://myquoteiq.com Also make sure to comment “numbers” below, subscribe to the channel, and let me know which KPI you are going to start tracking first. 00:00 — Why most home service businesses fail 00:25 — The real stats 00:52 — Who I am & why numbers matter 01:21 — Revenue vs profit reality 01:48 — The 5 KPIs overview 02:16 — KPI #1: Customer Acquisition Cost 03:49 — KPI #2: Lifetime Value 05:56 — KPI #3: Close Rate 07:27 — KPI #4: Average Job Value 08:52 — KPI #5: Gross Profit Margin 09:52 — How QuoteIQ tracks all 5 for you 10:41 — Website hack: BudgetBuiltSites 11:33 — Why AI-first websites matter 12:01 — Final advice + call to action #businessgrowth