Show Notes
Today we have Josh Ford from New Age Electrical on the podcast to share his 7 business lessons from the last 7 years of business.
Based out of Ballina, and boasting a strong social following, New Age Electrical has become the benchmark of what healthy growth + success looks like.
But what was the cost? And what was the true cost? What were the major lessons + learnings along the way? What would Fordy do again? What would Fordy never do again?
Greg Crowe sits down with the one and only “Ford Lord” to discuss.
Enjoy the pod x
Content Type Interview
Primary Goal Educational
Summary In this episode, a seasoned business owner shares seven key lessons learned over seven years of running a successful electrical business. Topics include pricing strategies, building strong relationships, effective systems, and maintaining work-life balance.
Keywords business lessons, electrical business, pricing, relationships, systems, work-life balance, entrepreneurship, business growth
Key Topics Pricing and quoting strategies Importance of relationships in business Implementing effective systems Hiring and managing staff Work-life balance for business owners
Takeaways Always back cost your jobs to understand profitability. Build strong relationships with clients and partners. Implement and optimize systems early for efficiency. Hire for attitude, train for skill. Prioritize family and personal time to sustain long-term success.
Sound Bites "Find your why and build with purpose." "Hire for attitude, train for skill." "Make time for family and personal growth."
Chapters 00:00 Introduction and overview of business lessons 01:51 Why understanding your 'why' is crucial 04:07 Building a business with purpose and long-term goals 06:01 The importance of complementary skill sets in partnerships 07:53 Handling stress and responsibility in business 09:50 The value of relationships and networking 12:09 Key lessons on quoting and pricing 20:08 Hiring, managing staff, and team culture 30:04 Implementing systems and technology effectively 39:57 Contracts, scope of works, and legal considerations 50:13 Balancing work and family life 54:58 Reflecting on lessons learned and future goals
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