Taking Over the Family Contracting Business: A Step-by-Step Plan
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Family business succession, contractor growth strategy, flat-rate pricing, and building a leadership team: Tyler Heath shares how he took over Ricky Heath Plumbing, Heating and Cooling from his father and grew it from $3M to $12M in under five years, during COVID, with outdated systems and a team resistant to change.
In Episode 213 of The Trades Podcast, Tyler breaks down the exact decisions and execution steps that drove rapid, managed growth:
- Adopting technology to modernize outdated operations
- Shifting from hourly pricing to flat-rate pricing to boost margins
- Adding HVAC to expand service offerings
- Building a marketing plan around customer service and positive reviews
- Recruiting the right talent and developing future leaders
Whether you're taking over a family contracting business, buying a company, or trying to grow your existing operation, Tyler's step-by-step approach is a practical playbook for turning execution into results, no matter what's happening around you.
Subscribe to The Trades Podcast for more real conversations with trades industry leaders.
WEBSITE: https://www.rickyheathplumbing.com/
EMAIL: tyler@rickyHeathplumbing.com
FACEBOOK: https://www.facebook.com/RickyHeathPlumbing/
INSTAGRAM: https://www.instagram.com/rickyheathphc/
LINKEDIN: https://www.linkedin.com/company/ricky-heath-plumbing-heating-cooling