Weathering The Storm: Surviving A Recession - David Sandana - Dilgece Flooring
Floor Academy - Helping flooring, tile and stone contractors own an asset
English - December 01, 2021 07:00 - 1 hour - 57.5 MB - ★★★★★ - 16 ratingsManagement Business Education How To business growth small business entrepreneurship business strategy marketing sales contractor leadership manager flooring Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Our special guest this week is David Sandana, the owner of Diligence Flooring in Tacoma, Washington. With over 15 years of experience in the flooring industry and having successfully navigated through a recession, David shares valuable insights on building a business that can weather economic downturns.
One key lesson David learned from his experience during a recession is the importance of building up a financial "war chest" for your business. Having a reserve of funds set aside can help you stay afloat during slow periods when business may be scarce. David shares practical tips on how to save and budget wisely to ensure your business has enough financial cushion to ride out tough times.
In addition to financial preparedness, David emphasizes the importance of building a strong company foundation. This includes having efficient systems and processes in place, maintaining good relationships with clients and suppliers, and constantly improving the quality of your work. By establishing a solid foundation for your business, you can better withstand economic challenges and maintain a steady stream of work even during slow periods.
David also discusses the value of diversifying your services and client base. Relying too heavily on a single type of flooring or a few major clients can leave your business vulnerable to economic fluctuations. David shares insights on how he diversified his services and client base to minimize risk and ensure a more stable business.
If you're looking for practical tips on how to build a resilient flooring business that can thrive even during economic downturns, this episode is a must-listen. Join us as David shares his wisdom and experiences on navigating through challenging times in the flooring, tile and stone industry.
Diligence Flooring
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