Published: May 11, 2020, 11 a.m.
In this episode, Randy talks with Jim Kaloutas. Jim is an entrepreneur that doesn’t stop learning and growing. This has led to continually grow his business over the last 30+ years. Jim continues to invest in his learning but more importantly invests in his team of people at Kaloutas Painting. Jim believes that if he does a great job caring for his employees, they will do a great job taking care of our clients.
The year 2020 started off with thought leaders tossing around clever analogies about seeing further, 20/20 vision, getting clarity and it all sounded so great until 2020 became the year of the pandemic. Suddenly, business owners and entrepreneurs had to abandon their “vision boards” in exchange for ways to survive this economic downturn. The 2020 pandemic may be a first for most people, but it’s not the first time in history that the economy has struggled. The unfortunate reality is during those times, some businesses will fail, some businesses survive, and some businesses THRIVE! In this episode, Randy Stanbury, CEO, and Founder of 4 Level Coach, reveals brilliant ideas to THRIVE through the pandemic and not just survive.
What you can expect to hear in this episode:
- With COVID-19 going on Jim has had do change up the way he does things in his business because a lot of construction sites have been shut down so now his company is only operating at about 60%.
- COVID-19 has forced them to improve the communication of the team to make sure everyone has the right information and equipment to stop the spread and still get the job done at a high level.
- With all the challenges that COVID-19 brings we have to be nimble and able to pivot when necessary.
- Now is not a time to reinvent yourself and try to take on another trade because that will only lead to wasted resources, now is the time to conserve cash and focus on taking actions that increase gross profits because without gross profit the business has no lifeline.
- Jim and his team are taking the time now to pick up the phones and get in touch with their clients so they can figure out what the client wants and needs right now, this ensures that their time and resources are spent in the right place and not wasted.
- With the inevitability of COVID-19 thinning out the competition Jim and his team have positioned themselves to not only survive this pandemic but to come out on top when it’s all said and done.
- Jim has devised a way to capitalize on the uncertainty of the COVID -19 situation whereas his competitors are letting good people go since he is using this as an opportunity to pick up new talent that can help take the company to the next level once this thing is done.
- This is the time to start planting seeds when it comes to our marketing because even though we might not see immediate results if we don’t plant those seeds now we won’t see any results later.
- Building out a proper way to train your people at this time is a great use of time now because with everything slowing down it gives a great opportunity to connect with employees to teach them how to properly do their job.
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