Activity
Mon
Wed
Fri
Sun
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
What is this?
Less
More
Appliance Business Academy

30 members • $97/month

6 contributions to Appliance Business Academy
Margin Question
Doing profit models and I want to understand what is Good, Better, Best for Profit Margin ranges. Based on my research. 20-30 is Good, 31-40 is Better, 41-50 is best. Just want to get ideas and feedback on this. Thanks.
1 like • 3d
@Ray Hagler Understood and thanks for sharing. I need to make sure I am accounting for my labor.
Biggest Bottleneck?
What's your biggest bottleneck right now? That's the focus point.
0 likes • 5d
Lead Generation and Conversion
The Architect Designs for Success
Before I ever owned a truck with my name on the side, I was a Manufacturing Supervisor at Lucent Technologies in Omaha, Nebraska. Two different worlds, same building. Half my time was on the shop floor — hands on product, watching things get built in real time. The other half, I got pulled into New Product Introduction. That's the room where design engineers decided what we were actually going to build. If you've ever driven down the street and seen one of those metal cabinets on the side of the road — the ones packed with wires and electronic gear — there's a good chance we built something like it. Here's what I learned fast: the design engineers had a project plan. Testing, specs, sign-offs — all of it mapped out before a single unit hit the floor. When they did that work right, production was smooth. Parts fit. Specs held. The product went out the door and it worked. But when they skipped a step, or rushed a spec, or didn't test it the way they should have — we felt it on the floor. Process engineers and techs would be going back and forth for weeks, chasing a problem that should've never made it past the drawing board. And the real gut-punch was when it slipped through anyway — went out into the field, and failed. Now somebody's standing in front of a customer trying to unwind a bad design, hours and dollars deep, for a mistake that got made long before we ever touched it. That lesson never left me. Every business is a product. And somebody has to be the architect — the one making sure the spec is right, the process is tested, and the plan actually holds up before it ever reaches the customer. Skip that step, and it doesn't matter how hard your team hustles on the back end. You'll spend your days unwinding a bad design instead of building something that works the first time. That's why I take the "architect" role in this business as seriously as I do. Design it right, and success isn't a scramble — it's the natural result of the plan.
Day Rate
Understanding this and setting a goal to exceed daily,, is positively impacting my bottom line. Had no idea that I was flying blind in this area.
1 like • 11d
@Ray Hagler another benefit of time freedom is that now I can look at two (signed) commercial opportunities in my inbox and determine how I can implement some of the same strategies. Strategies to turn those into income streams, ones that don’t require me to trade all my hours for dollars.
1 like • 11d
@Ray Hagler I’m only 3 modules in, looking forward to implementing the rest. Great program!
Business 101
Your first job as a founder is not to look successful. It is to make the business work. Sell something people genuinely need. Charge enough to deliver it well. Keep your expenses lower than your income. Protect your cash. Learn what produces profit and repeat it. Document anything you do more than twice. Hire when the work is proven and teachable. Pay attention to customers, but do not let every opinion change your direction. Build the business so it becomes less dependent on you each year. Revenue gives the business movement. Profit gives it strength. Systems give it freedom. Integrity gives it longevity.
1 like • 17d
Spot on!
1-6 of 6
Lamartine Station
2
10 points to level up
@lamartine-station-9388
Appliance Professional

Active 3d ago
Joined Aug 9, 2026
ENTJ