In this episode, Maverick Lauzon shares his journey from running a seasonal deck building business to successfully launching a barrel sauna company. He went from $0 in sauna business to $1 Million+ in revenue in 18 month.

How did he do that?

Watch the Episode learn the importance of understanding financial numbers, the difference between margins and markups, and how knowing your numbers can lead to more confident business decisions. Maverick emphasizes the need for transparency in pricing and the significance of choosing the right business coach. He also provides insights on navigating challenges in the trades industry and the importance of customer service.

Chapters

00:00 From Flying Blind to Financial Clarity

02:30 The Birth of Barrel Saunas

05:41 Personal Needs Driving Business Innovation

08:06 Understanding Numbers for Business Growth

10:23 The Importance of Cash Flow Management

20:56 Navigating Big Clients and Payment Structures

24:43 Scaling Sales: The Path to Growth

30:44 The Reality of Advertising Spend

35:34 Understanding Margins vs. Markups

40:08 Scaling Through Bulk Buying

44:20 The Importance of Financial Awareness

45:48 Universal Business Principles

48:44 The Necessity of Knowing Your Numbers

51:35 Price Anchoring in Business

56:35 Choosing the Right Contractor

59:36 Quality of Materials Matters

01:01:18 Finding the Right Business Coach

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Ourguest is Maverick Lauzon with Maverick Decks www.maverickdecks.com and BnB Barrel Saunaswww.bnbbarrels.ca.

Visitour website www.forzanibusinesseducation.com to learn more about our tools and programs designed for More Profit and Less Stress in your business so you can turn it into a Valuable Asset.

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Disclaimer:The More Profit Less Stress podcast is provided for informational and entertainment purposes only. The content, opinions, and views expressed by the hosts, guests, or contributors are their own and do not necessarily reflectthose of More Profit Less Stress podcast, its producers, or affiliates. The information shared is not intended as professional financial, legal, tax, or business advice and should not be relied upon for making business decisions.Listeners should consult qualified professionals, such as financial advisors, accountants, or attorneys, for advice tailored to their specific circumstances. More Profit Less Stress Podcast, its hosts, guests, and producers assume no liability for any actions taken or not taken based on the content of this podcast. All content is provided “as is” without warranties of any kind, express or implied, regarding its accuracy, completeness, or applicability. Any reliance on the information provided is at the listener’s own risk.