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How Treating Relationships as the New Business Currency Can Make You More Profitable – Chris Hunter

πŸ“… October 29, 2020 ⏱️ 1:13:42 🎀 Chris Hunter, Tommy Mello

Chapters

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  • 0:00
    Welcome & Chris Hunter's career background
  • 3:15
    Getting his contractor license and going out on his own
  • 5:28
    Developing leaders and giving them equity
  • 9:18
    The private equity conversation and going next level
  • 17:22
    Building people vs. hiring unicorns
  • 20:07
    Connecting with younger technicians and purpose
  • 26:33
    Getting your house in order to sell at a higher multiple
  • 32:33
    Removing fear and creating more leaders in a crisis
  • 38:33
    Relational over transactional service at scale
  • 42:20
    Using technology and process to find the right people
  • 57:25
    The service-agreement model as a revenue guard
  • 1:07:36
    Books, Go Time Success Group, and closing

Speakers

C
Chris Hunter
Director of Customer Relations, ServiceTitan; Co-owner, Go Time Success Group; Founder, Hunter Super Techs
T
Tommy Mello
Host; Founder & CEO, A1 Garage Door Service

Key Takeaways

✦

Chris built Hunter Super Techs by developing people and giving key leaders equity in the parent company, so the business could run and grow even when he stepped away.

✦

When private equity came calling, it was having his house in order β€” clean accounting, strong branding, SEO, and processes β€” that let him command a higher multiple and close the deal.

✦

The best companies build technicians and build people rather than only hunting for the already-skilled unicorn hire; culture and fit matter more than raw experience.

✦

Working for a bigger purpose makes you a better leader, and connecting with younger workers by explaining the 'why' overcomes the myth that millennials are hard to manage.

✦

During a crisis, a leader's two most important jobs are to remove fear from the organization before it festers like a cancer and to create more leaders instead of just adding headcount.

✦

Shifting from transactional to relational service β€” tracking customers to the home and genuinely helping them save money, stay comfortable, and protect their family β€” is the differentiator, and technology is what makes it scalable.

✦

A membership or service-agreement model that credits the customer's payments toward future repairs makes customers feel like they hit a home run while putting a guard around your future revenue and boosting conversion.

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