Corey Emonds took time off from his business and invested $60,000 to start his epoxy garage floor business. Now, it averages $70,000 a month and growing, with impressive 20% margins even with a full team of employees–and they’re only a year in! Find out his secret to fast growth in this episode.

This video is sponsored by National Business Capital, the quick and easy way for entrepreneurs to secure financing for their business. See what you qualify for here: http://nationalbusinesscapital.com/Up...

Corey started off in the power washing industry, and it was talking to those customers that made him decide to open an epoxy flooring business. He took time off from his business to master the process and complex science of concrete coatings, bringing that knowledge back to his team to ensure consistent quality with every floor they install. That time spent learning paid off, and many of Northwest Concrete Coatings’ new business today is referred from satisfied customers who love their new garage floors.

Along with his knowledge of the craft, Corey’s marketing expertise and emphasis on business systems have helped him grow Northwest Concrete Coatings quickly. He shares how he systematized his operations to create a seamless, smooth workflow for his teams, and why it’s crucial for a business to have replicable, measurable systems. We’ll also find out what tools he uses to run and market his business and how he’s created an exceptional customer experience.

If you’re inspired by Corey’s story, make sure to check out these other interviews with construction industry business owners:

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You Won’t Believe His Construction Business Profit Margins ►
   • You Won’t Believe His Construction Bu...  

Resources
https://www.nwconcretecoatings.com - Find out more about Northwest Concrete Coatings at their website
https://www.jondon.com - Top supplier of industrial equipment and supplies
  / 766963680429580   - Facebook Group for concrete coatings and polishing industry
  / concretelife   - Concrete Life Facebook group
https://www.blinkist.com/ - App to discover new books and podcasts
https://www.mikemichalowicz.com/profi... - Profit First by Mike Michalowicz
https://www.michaelegerbercompanies.c... - The E Myth Revisited by Michael E. Gerber
https://www.upflip.com/learn - Learn more about opening a business on the UpFlip HUB

Timestamps:

00:00 - Intro
00:46 - Meeting Corey
02:05 - Equipment
03:39 - Where to Get Training
04:36 - How to get your First Customer
05:38 - Startup Costs
06:43 - Visiting a Job Site
08:31 - Installing a Floor
10:24 - Cash or Financing for Equipment
12:59 - Getting Customer Referrals
14:28 - Why They Use Flake Coating
15:28 - Equipment Walk-Through
16:53 - Training and Knowledge Resources
17:45 - Typical Profit Margins
18:57 - Why Systems are Important
21:21 - Fan Blitz
23:51 - Employee Pay
26:25 - Monthly Expenses
28:24 - Hiring Process
31:00 - Monthly Ad Spend
32:53 - 4 Pillars of the Business
33:49 - Sales Manager Interview
36:00 - Flooring Material Walk-Through
37:17 - Mentorship and Business Coaching
38:23 - Business Books and Blinkist
39:10 - Sales Compensation
40:02 - Managing Finances/Profit First
41:06 - #1 Advice for Entrepreneurs
41:58 - Outro

#epoxyflooring #epoxy #epoxygaragefloor