One of the biggest risks for long-standing home improvement businesses is the inability (or unwillingness) to innovate.
Without innovation, businesses become stagnant –especially today. Just compare the turnover rate for companies in the S&P 500 from 1950-1990 and from 2000 - 2021.
On today's #BuiltBy, I got a chance to chat with Jeremy Owens, Owner @ 3 Generations Improvements and CEO/Founder of US Construction Zone.
Watch 👆🏻 or listen 👇🏻:
In this episode, Jeremy and I discuss:
🕰 Jeremy's experience of taking over a business that his grandfather and father started
📈 The aspects from the earlier stages of the business that helped 3 Generations continue thriving.
⚡️ How Jeremy innovated the company's marketing focus
💨 Jeremy's ideas around hiring a team to stay lean and agile
🤝 His thoughts on in-person referrals vs. online reviews.
🏆The number one tip he'd give to anyone in the industry right now.