Published: Jan. 25, 2016, 8 a.m.
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Episode 146\\xa0Liz Picarazzi personifies her company\\u2019s target customer. She\\u2019s spent the last decade juggling a corporate job, motherhood, and marriage, barely having enough time to maintain and improve her family\\u2019s biggest investment \\u2013 their home. Inspired by\\xa0a book\\xa0that reminded her how much she loved shop class\\xa0in middle school, Liz took a leap of faith and started Checklist Homes Services in 2011.
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3 Key Points:
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\\n- Running a handyman service has a lot of hidden costs like licensing, insurance, and worker\\u2019s compensation.
\\n- Juggling a corporate job, motherhood, and marriage is hard, but doable.
\\n- It\\u2019s important to explore what makes you happy and to have a good understanding of how to frequently feel good.
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Episode Notes:\\xa0
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\\n- 01:00 \\u2013 Nathan\\u2019s introduction to today\\u2019s show
\\n- 01:38 \\u2013 Liz joins the show
\\n- 02:10 \\u2013 Liz started the business because she was disappointed in outside contractors for home services.
\\n- 03:50 \\u2013 Most customers find Checklist through Google search and they can customize their to-do list room by room.
\\n- 05:00 \\u2013 Checklist completed 65 jobs in October \\u2013 the business is run by a local team of dedicated craftsmen.
\\n- 05:41 \\u2013 Checklist\\u2019s numerous services include TV mounting, AC installations, furniture assembly, painting, and caulking/grouting.
\\n- 06:55 \\u2013 The most common service purchased is the \\u201cHandyman for a Day\\u201d which is between 595 and 725$.
\\n- 07:41 \\u2013 Checklist\\u2019s craftsmen are benchmarked against those in the same field \\u2013 they\\u2019re paid between 15-35$ an hour depending on their experience.
\\n- 08:50 \\u2013 There are a lot of unexpected costs running a handyman service \\u2013it needs to be licensed, insured, and take into account worker compensation which is 20% of a craftsman\\u2019s payroll.
\\n- 10:51 \\u2013 Per 400$ job, Checklist will make a net profit of about 60-75$.
\\n- 11:21 \\u2013 Liz has launched a second business related to Checklist \\u2013 City Bin.
\\n- 12:23 \\u2013 Liz was making 6 figures at Bank of America before she started Checklist. (to get an idea of what she was doing before.)
\\n- 14:39 \\u2013 Famous Five
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Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
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Famous 5
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Resources Mentioned:
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Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
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The Top is FOR YOU if you are:
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A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
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STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
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An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
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The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
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Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
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Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that\'s like an audio version of Pat Flynn\'s monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
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