In this episode of the Thoughtful Entrepreneur, your host Josh Elledge speaks to Entrepreneur & Construction Management Consultant of
Profit Consulting Company, Leo George William Smith.
Leo's journey into the world of business began at the tender age of 17 when he started his first construction renovation business. This venture later developed into 22 different franchises, demonstrating Leo's knack for growth and expansion.
After selling his business, Leo transitioned into management consulting, where he now works with his clients, primarily in the construction space. His clientele includes renovators, custom home builders, and landscapers.
Currently, Leo is working with a landscaping company and a roofing company to help these companies grow and expand their services. His focus is on redesigning and rebranding them to position them for success in the 10 to 20-million-dollar range.
Leo believes that many small businesses in the construction industry start by working with their hands without considering the importance of strategic planning and systems. He emphasizes the need for a blueprint phase, similar to hiring an architect when building a custom home, to eliminate future mistakes and ensure success.
Leo also highlights the importance of creating the need for a product or service. He shares an example from his experience working with a chain of funeral homes, where they shifted their focus to selling pre-need contracts. This shift in focus demonstrates the power of anticipating and creating a need for a product or service.
Key Points from the Episode:
- Leo Smith's background and work as a management consultant in the construction industry
- Leo's clients and the types of businesses he works with (renovators, custom home builders, landscapers)
- Leo's approach to redesigning and rebranding businesses for growth
- The importance of building influence and trust in today's market
- Leo's focus on helping landscaping and roofing companies grow and expand their services
- The need for strategic planning and systems in small businesses in the construction industry
- Creating the need for a product or service, using the example of funeral homes selling pre-need contracts
- The concept of "stepping stone relationships" and how it can help businesses reach a larger customer base
- Designing a business to work for the owner, rather than the other way around
About Leo George William Smith:
Leo George William Smith is a self-made entrepreneur with an inspiring journey. At just 11 1/2 years old, he began working part-time in a tailor shop, aiming to connect with successful individuals for mentorship.
Leo's ambition led him to delve into real estate, and by 17, he purchased his first house, initiating accidental entry into the construction business. Through strategic renovations, he generated positive cash flow, kickstarting his success.
By 25, Leo achieved his first million and currently owns shares in 19 companies, collaborating on various ventures. Despite being single and childless after the love of his life moved to Mexico, Leo remains active, participating in competitive court and beach volleyball.
Notably, he's designing an innovative solar-powered houseboat for Muskoka, reflecting his entrepreneurial spirit and creativity. Leo's story exemplifies determination, business acumen, and a passion for continuous innovation.
About Profit Consulting:
Profit Consulting Company, with a remarkable 39-year legacy in business analysis, specializes in evaluating companies across diverse sectors like construction, restaurants, and automotive industries.
With a keen understanding of the market, they address a concerning statistic: 96% of businesses fail, often due to inadequate business plans and flawed strategies.
Profit Consulting Company discerns that even companies with business plans often need more expertise and precise execution. To counter this, they offer a systematic and customized management consulting program.
By leveraging their extensive experience, they help businesses excel by refining their strategies, ensuring precise execution, and bridging the gap between planning and implementation.
Profit Consulting Company is a reliable partner for businesses seeking expert guidance, aiming to significantly enhance their chances of success in today's competitive market.
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Links Mentioned in this Episode:
Want to learn more? Check out Profit Consulting Company at
https://interimceo4u.com/
Check out Profit Consulting Company on Instagram at
https://www.instagram.com/10xnetworkingceo/
Check out Profit Consulting Company on Twitter at
https://twitter.com/ceoclubglobal?lang=en
Check out Profit Consulting Company on Facebook at
https://www.facebook.com/profitConsultingCompany/
Check out Leo George WIlliam Smith on YouTube at
https://www.youtube.com/@leogeorgewilliamsmith
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