Why Do Pool Cleaning Businesses Fail? | Don't Miss the 8th Reason!

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Be a "PROFITABLE" Badass Business Owner

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Here are 8 Reasons why Pool Cleaning Businesses Fail. With over half of all small businesses failing over the next 5 years, how do we keep your Pool cleaning business from becoming a statistic? You want to do all you can to keep your business around for a long time so let’s check out what you can do to stay a happy and healthy Pool cleaning business.
Recommended Next Video: Paying Yourself in Your Business - • Are You Paying Yoursel...
KEY MOMENTS IN THE VIDEO:
00:00 8 Reasons Pool Cleaning Businesses Fail?
00:37 Reason 1 - Pool Cleaning Businesses Fail - Employee Mindset vs Business Owner Mindset
01:57 Reason 2 - Pool Cleaning Businesses Fail - Paying Yourself Incorrectly
03:14 Reason 3 - Pool Cleaning Businesses Fail - Pricing Incorrectly
05:01 Reason 4 - Pool Cleaning Businesses Fail - Not Knowing Ideal Customer
06:48 Reason 5 - Pool Cleaning Businesses Fail - Growing too Fast
08:11 Reason 6 - Pool Cleaning Businesses Fail - Poor Communication
09:43 Reason 7 - Pool Cleaning Businesses Fail - Not Paying their Taxes
010:29 Reason 8 - The #1 Reason Pool Cleaning Businesses Fail - Not Knowing Their Business Numbers
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WANT TO DIVE IN DEEPER & LEARN MORE ABOUT YOUR NUMBERS?
👉 Grab Your Free Know Your Business Numbers Reference Guide: babolearning.com/KYBNReferenc...
👉 Check Out the AFFORDABLE - Know Your Business Numbers Course KnowYourBusinessNumbersCourse.com
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WANT MORE? HERE ARE SOME OTHER VIDEOS TO HELP…
👉 Pricing Your Products Correctly - • How to Price Your Prod...
👉 Pricing Your Services Correctly - • How to Price Correctly...
👉 How to Read a Profit & Loss Statement - • The Basics of a Profit...
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PLAYLISTS TO CHECK OUT:
👉 Learn How to Read Your Profit & Loss Income Statement: • How to Read a Profit a...
👉 PLAYLIST: Pricing Your Products & Services • How to Calculate Marku...
👉 PLAYLIST: Learning Your Business Numbers Better: • Know Your Business Num...
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FREE GUIDES / TOOLS
👉 FREE eGuide: 8 Steps to Earning $100,000 in Income in your small business - bit.ly/8Steps100k
👉 FREE eGuide: How to Read a Profit & Loss Statement - bit.ly/ReadPL
👉 FREE Start Up Guide for Starting a Business - bit.ly/BusinessStartUpGuide
👉 Free Business Health Check: localsmallbusinesscoach.com/b...
👉 Free eBook: 10 Questions to Ask in Your Business bit.ly/10QuestionsBiz
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TOOLS TO HELP YOU RUN A BETTER BUSINESS
👉 Gusto Online Payroll - ( babolearning.com/gusto ) a fantastic, easy to use online payroll system. Why spend your time doing payroll yourself?
👉 Housecall Pro: ( babolearning.com/housecallpro ) - Straightforward software for home service pros. Easily manage payments, link to Quickbooks, scheduling, dispatching, and more--all from one, convenient platform. Easy to Learn and saves you time!
👉 Recommended Online Bookkeeping:
Quickbooks Online - quickbooks.intuit.com or
Freshbooks - babolearning.com/freshbooks
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Books I Recommend to All Small Business Owners - 5 Must Reads
👉 Profit First by Mike Michalowicz - amzn.to/3nBsCRC
👉 eMyth Revisited by Michael Gurber - amzn.to/3bMDTeR
👉 Building a Storybrand by Donald Miller - amzn.to/3y5t0fS
👉 The ONE Thing by Gary Keller & Jay Papasan - amzn.to/3yciFi7
👉 The 12 Week Year - Brian Moran & Michael Lennington - amzn.to/3R54Smi
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COURSES to HELP YOU
👉 Understanding Your Business Numbers - KnowYourBusinessNumbersCourse.com
👉 Start a Local Small Business - StartASmallBusinessCourse.com
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MORE:
👉 Check Out the Website: babolearning.com
👉 Listen to the Badass Business Owner Podcast
👉 Want to Help Support the Channel? Click the Super Thanks! 
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👉 DISCLAIMER on Affiliate Links: I occasionally will have some affiliate links & I do earn a small commission but at no cost to you. I only recommend companies or items that I believe will save you time, money or help make your business better
👉 DISCLAIMER: I am not an attorney, CPA, bookkeeper, insurance agent or financial advisor. My videos/podcast are for entertainment & educational purposes only and should not be construed as tax, legal, insurance or financial advice. Please seek out a qualified CPA, attorney, or specialist as needed. I’m sharing my experiences with my businesses and those I have worked for and/or helped coach.
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#BABOLearning #KnowYourBusinessNumbers #SmallBusinessOwner

Пікірлер: 24

@BadassBusinessOwners Жыл бұрын

Here is the video link to Pricing Your Services Correctly... kzfaq.info/get/bejne/mtVxftuqt8eYoIE.html

@DoNtCaReBrO_305 Жыл бұрын

Great video

@karlszabo6303 11 ай бұрын

Do you have specific bookkeeping experience with pool service businesses?

@joeriveracomedy Жыл бұрын

Do not buy a pool route. Start it yourself from the ground up or you will fail or at least be in hauck for too long to turn a profit.

@ryang8425 11 ай бұрын

Buying 70 account at 600$ each sounds slot better than knocking on doors

@mooky407 Жыл бұрын

Started my pool cleaning business in 2014, and I made all the mistakes. But I learned quickly. I missed out on a lot of profit before being able to get my expenses down to about 12-14%. Not too shabby in FL, which is for some reason, the cheapest place for pool service on Earth. Great info! It's crazy; I belong to a few FB groups, so I see 2-4 brand new pool cleaning companies start up every year. They start strong, get a bunch of business, everyone raves on them, and then a year or two later I'm receiving and influx of calls... because they've evaporated. I always wonder where they went wrong because this truly is a recession-proof, highly profitable business... once you get the business side of it down.

@BadassBusinessOwners Жыл бұрын

Thanks for sharing! I call this "Being a Victim of Your Own Success". So many small businesses go out of business due to growing too fast, not knowing their business numbers and they finally collapse under all the choices they made, without understanding the why... - Tammy

@JJ-qp6jw 9 ай бұрын

I’m a a Canadian considering moving to Florida to start a pool business. I know a friend that did it during the pandemic and he only does 60 pools 3 days a week. I’m a single guy with no family so I assume I should be able to live on 60K a year or less. Is that a reasonable estimate for the business?

@mooky407 9 ай бұрын

@@JJ-qp6jw you can expect to bring home more than that with 60 pools - after expenses.

@JJ-qp6jw 9 ай бұрын

@@mooky407 what do you think the profits would be after expenses with 60 pools?

@mooky407 9 ай бұрын

@@JJ-qp6jw it depends on the pools and the area you settle in, but in Central FL, they're getting between $130 and $150 a month per pool, sometimes more. And when you add services like seasonal CYA, filter sales once a year, salt cell cleanings, etc, and you watch your other costs, you can make a good living.

@BadassBusinessOwners Жыл бұрын

How Long Have You Had Your Pool Cleaning Business? - Tammy

@ghjgmb Ай бұрын

Two years