P&L: Priorities & Lifestyle Episode 98
This episode traces Joe's evolution from surviving the 2008 construction crash to scaling a highly sophisticated residential service company. Joe shares his raw experience of walking away from a private equity buyout on the actual day of closing, only to return to the market 24 months later with an M&A advisor to secure four times his original offer.
We also dive into his "1% better" customer service philosophy, the power of a "Call-by-Call" manager system, and why he's diving back into the hyper-competitive Dallas-Fort Worth market to build a new greenfield company with his son.
Tune in this week on P&L to learn why focusing on your post-exit lifestyle number matters far more than an inflated EBITDA multiple.
Learn more at https://callritenow.com/ or contact Joe at joe@callritenow.com.
This week on Priorities & Lifestyle:
- Surviving the Housing Crash: Pivoting from new construction to residential service and avoiding the franchise trap.
- The Power of Mentorship: How joining Service Nation and learning from industry legends catalyzed massive revenue growth.
- The "Call-by-Call" Manager: Using technology and specialized roles to boost sales, ensure quality control, and relieve field technicians.
- Winning on Value, Not Price: How swag bags, extreme warranties, and upfront communication beat lower-priced competitors every time.
- The Private Equity Frenzy: The strategic difference between accepting a single offer and running a competitive M&A process.
- The Multiple Fallacy: Why focusing on your post-exit lifestyle number matters far more than an inflated EBITDA multiple.
Our Favorite Quotes:
- "If you have a big earn out sitting out there, something's wrong with your company. There's something that whoever's buying you did not like." - Joe Strittmatter
- "You’ve got to get some support and help from somewhere." - Rob Schulz
- "We just try to stay 1% better every day than our competition. And that's how we close." - Joe Strittmatter
About Rob Schulz and P&L Priorities & Lifestyle Podcast
The P&L: Priorities & Lifestyle Podcast is a show for business owners. In each episode, host and financial planner Rob Schulz sits down with business owners and the professionals that serve them to talk about business building, life, money, and the all-important transition out of the business, which inevitably happens to everyone who has ever founded a company.
Email Rob at rob.schulz@schulzwealth.com with questions and comments, or to schedule a one-on-one conversation.
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*You’re listening to P&L: Priorities & Lifestyle with your host Rob Schulz. Rob is the Founder and President of Schulz Wealth. All opinions expressed by Rob and his guests are solely their own opinions and do not reflect the opinions of Schulz Wealth. This podcast is for informational purposes only and should not be relied upon for investment decisions. Please refer to our website for more information: schulzwealth.com
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