YOUR WARRANTY IS A PROFIT CENTER — YOU JUST DON’T KNOW IT YET
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YOUR WARRANTY IS A PROFIT CENTER — YOU JUST DON’T KNOW IT YET
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Callbacks and warranty work are a fact of life in remodeling. Something breaks six months after a job closes, you send a crew back on your dime, and chalk it up to the cost of doing business. But what if that cost could actually build wealth instead of drain it?
Tim Byrd has spent more than 30 years helping home service businesses do exactly that. As founder and CEO of Warranty RE, he’s brought the concept of captive reinsurance — the same financial engineering large corporations use to manage risk and accumulate capital — to remodelers, HVAC companies, plumbers, electricians, and every trade in between.
In this episode, Tim breaks down how you can own your own warranty company, eliminate the third-party middleman, stop paying premiums into someone else’s pocket, and start building a capital resource that grows tax-advantaged inside a company you control. He also gets into succession planning, enterprise value, and the mindset shifts that separate business owners who drift from those who build.
Website:
warranty-re.com
Email: tim@warranty-re.com