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Owned and Operated Growth

Ken Goodrich’s Multi-Location Playbook: Metrics, Call-by-Call Management, and Scaling Past $50M

📅 December 9, 2025 ⏱️ 1:11:37 🎤 John Wilson, Ken Goodrich

Chapters

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  • 0:06
    Early Struggles & E-Myth
    Ken Goodrich recounts his initial struggles as a young HVAC business owner, leading him to discover Michael Gerber's 'E-Myth Revisited' and the foundational principles of building a business system.
  • 1:02
    Ghetto's Growth Story
    Goodrich details the transformation of Ghetto from a struggling $11 million business to a $250 million enterprise with 11 locations and over 1,000 employees.
  • 1:49
    Building and Selling Businesses
    Goodrich explains his strategic approach to repeatedly building and selling companies, viewing himself as being in the 'business building business' rather than just HVAC or plumbing.
  • 3:54
    Exit Strategy & Thresholds
    Goodrich provides insights into determining the right thresholds for bringing on a partner or exiting a business, emphasizing the importance of significant capital for life choices.
  • 5:08
    Management Systems & Cadence
    Goodrich discusses the importance of a structured management system, including daily huddles, weekly calls focusing on metrics, and the origins of 'call by call management'.
  • 6:11
    Scarcity Mindset & Efficiency
    Goodrich advocates for maintaining a 'scarcity mindset' and extreme efficiency, even during prosperous times, to build resilience for leaner periods and maximize every customer opportunity.
  • 7:52
    Hiring Top Talent
    Goodrich shares his strategy for recruiting high-caliber talent, even from outside the industry, and overcoming the intimidation of hiring people smarter than himself.
  • 9:20
    Multi-Location Management
    Goodrich addresses the challenges of multi-location management, highlighting the need for daily accountability, consistent routines, and a strong dashboard of numbers.
  • 10:21
    The 1000-Day Plan
    Goodrich introduces his 'thousand-day plan' methodology, a strategic framework for dramatically increasing business value within a defined timeframe through meticulous planning and execution.
  • 11:30
    Advice for New Contractors
    Goodrich offers poignant advice to aspiring business owners: master the 'business of HVAC' before becoming an owner, leverage best practice groups, and don't be afraid to scale down to build a solid foundation.

Speakers

J
John Wilson
Host
K
Ken Goodrich

Key Takeaways

Before launching your own home-improvement business, invest time in learning the 'business of HVAC' (or your specific trade) through courses, mentors, or best practice groups, rather than relying solely on technical skills.

Implement a robust management system, such as EOS or MAP, to establish clear processes, routines, and accountability, moving beyond daily firefighting to strategic business growth.

Adopt a 'scarcity mindset' regardless of current lead flow; focus on maximizing efficiency and converting every customer opportunity, as this discipline will be crucial during lean times.

Utilize a data-driven approach to management by tracking key metrics daily (e.g., call goals, conversion rates, average ticket) and conducting regular meetings to discuss performance and course corrections across all locations.

Be strategic about bringing on partners or exiting; aim for a valuation that offers meaningful capital for life choices (e.g., $20-25 million EBITDA for higher multiples) rather than just taking the first offer for relief.

Consider a 'thousand-day plan' approach: set an audacious goal to 10x your business's value within 1,000 days, whiteboard the plan, and execute with relentless focus and a Gantt chart for tracking progress.

Prioritize hiring high-caliber talent, even if they are 'smarter than you' or come from different industries; a strong, diverse management team (CFO, COO, VP of Sales) can be a force multiplier for growth and execution.

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