State of the Business 2015 Edition

For those franchise owners who were unable to attend the owners meeting, we put together a little recap of the events that took place. The biggest of which, was Stewart Vernon addressing the state of the business.

Stewart opened his remarks by addressing that most people in the room are no longer running a start up pool company, but have turned their franchises into organizations with growing sales, revenues and employee bases. In fact, 26 pool cleaning service franchises in the ASP family are running organizations in size from 500K-2.7MM! These same 26 locations make up company wide revenue of 25 million dollars!

The theme for the 2016 business year was announced as “Leaders…Leading the pool industry.” Stewart went on to discuss his take on the Stephen Covey book, “7 Habits of Highly Effective People,” and how they were directly relatable to the owners of ASP pool repair franchise locations.

7 Habits of Highly Effective Pool Franchise Owners

Stewart took the 7 habits described in the book and broke them down as follows to make them directly relate to what we are doing as pool cleaning service franchise owners with ASP:

Habit 1: Be proactive: Are you working IN your business or ON your business? If you are stuck in the day to day, you are stuck in it rather than on it. Are you being proactive?

Habit 2: Begin with the end in mind: What are your goals for 2016? What is your exit strategy? You can’t deliver an effective plan without knowing where you want to go.

Habit 3: Put first things first. Time management impacts profit. Cash flow =profit +/- time management.

Habit 4: Think Win-Win: 1+1=3. Partnerships: Take your business with our road map and the right vendor, and the end will come out better.

Habit 5: Seek to understand first, then be understood. Listen, digest, think, understand, slow down. Communication can make you or break you. As the franchise owner, you are the head communicator, your voice is heard the loudest, to employees, customers, vendors, partners.

Habit 6: Synergize: Build a great team around you then use everyone’s strengths to improve.

Habit 7: Sharpen the saw: What are you doing to better yourself? How are you working on being a better leader?

These seven principles and other aspects of the address can be seen on this video.