Is private equity the future of the home service industry, or are we seeing a wave of bankruptcies on the horizon? Join us for a candid discussion on the impact of private equity in HVAC, plumbing, and electrical businesses. We dive into whether PE is a positive force, creating opportunities for both large and independently-owned companies. Learn why understanding your business financials, systems, and management is crucial, regardless of PE involvement. Discover key insights on controlling labor costs, implementing efficient processes, and avoiding common pitfalls like poorly structured spiffs and commission plans that can kill your margins. Whether you're considering selling to PE or competing with PE-backed firms, this episode provides valuable perspectives on how to build a profitable and sustainable contracting business. 📩 Subscribe for more game-changing insights! https://www.youtube.com/@UCbyQE5W4RMFqg5UTXme4VAg #billygo #serasystems #itsabouttime