Welcome to Verify In Field: The Millwork Podcast! In this episode, we are thrilled to have Dominic Rubino as our guest. Dominic is an expert in applying traction specifically to millwork, cabinetry, countertop, and closet companies. He takes us through the importance of developing employees within the company, investing in their growth, and the impact it has on overall business success. Dominic also shares insights on succession planning, strategic planning, and the Entrepreneur Operating System (EOS). Join us as we dive deep into these key topics and learn from Dominic’s wealth of knowledge and experience in the industry.
About Our Guest:
Dominic Rubino, an experienced professional business coach and podcast host in the cabinet-making industry, has been helping business owners in the industry thrive for many years. In the year 2000, he obtained his first cabinetry client and embarked on a career dedicated to assisting cabinet makers, architecture professionals, mill workers, furniture makers, and others in the industry. Dominic’s expertise and passion for supporting these businesses led him to host the popular podcast, Cabinet Maker Profit System, where he shares valuable insights and strategies for success. With his extensive background and knowledge, Dominic continues to make a significant impact on the lives and businesses of those in the cabinet-making field.
Listen to the Full Episode:
Key Takeaways:
1. Developing Employees: The Key to Business Success
- “Investing in employee development should be viewed with the same importance as investing in equipment or technology.”
- From a business standpoint, consider the perspective of the owner when making decisions about employee development.
- Developing employees shows the company’s ability to attract talented individuals and positions it for growth.
2. Coaching Millwork Business Owners for Growth
- Dominic Rubino breaks down long-term plans into manageable short-term goals during coaching sessions.
- Focusing on steady progress and avoiding distractions or shiny object syndrome is crucial for success.
- The story of developing Jenny, a potential drafts person, into a leader in the department showcases the effectiveness of coaching.
3. Balancing Investments: Employees versus Equipment
- While investing in equipment maintenance is considered normal, investing in employees is often seen as expensive.
- Training employees may make them more valuable to the market, but not training them limits their potential.
- By investing in employee development, a company can attract and retain talented individuals.
4. The Importance of Succession Planning
- Succession planning is essential for a business to run independently of the owner.
- A strategic plan connected to traction and the Entrepreneur Operating System (EOS) contributes to business independence and profitability.
5. Implementing Simple Systems for Success
- Tracking numbers and using tools like the “end of job report” are crucial for making improvements and increasing profitability.
- Utilizing systems that analyze estimates, actual costs, and job performance leads to better future job outcomes.
- Establishing simple systems can help contractors replicate successful practices and achieve consistent gross profit margins.
6. Insights from Dominic Rubino’s Journey
- Dominic’s passion for the construction and trades industry led him to become a business coach in 2000.
- He witnessed the transformation of the business coaching landscape and its increasing popularity today.
- Dominic shares his experience of moving from a small shop to a 30,000 square foot facility and the freedom it brought him.
7. Learning from the Experts: Recommended Podcast
- Dominic Rubino recommends listening to a podcast where he will be a guest, offering further insights into millwork business success.
Conclusion:
Dominic Rubino’s expertise in developing millwork businesses shines through in this captivating episode. From coaching strategies to the importance of employee development and succession planning, his insights are invaluable. By implementing simple systems and utilizing tools like the “end of job report,” millwork professionals can increase profitability and achieve long-term success. Tune in to the recommended podcast to learn from Dominic Rubino and discover more about the secrets behind a thriving millwork business.
Remember to stay verified and join us next time on Verify In Field: The Millwork Podcast for more thought-provoking discussions and guests from the industry.
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