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Unleashing Success: Trey McWilliams on Mastering Growth and Leadership in Home Services
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Join Jennifer Bagley as she hosts Trey McWilliams, CEO of McWilliams & Sons and founder of Blue Cardinal Home Services Group, in this enlightening episode of "Catalyst for the Trades." Discover the journey of this third-generation leader as he shares his insights into scaling a home services business with a strong focus on people and leadership development. Trey discusses the decision-making process behind selecting a private equity partner, building a long-term strategic platform, and the significance of financial literacy in business operations. Explore the challenges, lessons learned, and the importance of setting your team up for success as Trey candidly shares his experiences from the trenches of the home services industry.
Timestamps:
- 00:00 - Introduction
Jennifer Bagley welcomes listeners and introduces her guest, Trey McWilliams. - 01:09 - Background
Trey shares his journey from growing up in the trades to leading his family business. - 02:02 - Business Expansion
Discusses the growth of McWilliams & Sons and the establishment of Blue Cardinal Group. - 03:46 - Decision-Making Process
Insights into why building a platform with a private equity partner was the chosen path. - 07:51 - Leadership Challenges
The balance of running the business and managing operational and financial complexities. - 10:32 - Lessons Learned
Trey's reflections on financial accountability and leadership development. - 17:13 - People First Approach
How focusing on people and culture drives long-term business success. - 21:10 - Transitioning Leadership
Discussing the potential paths for business owners considering future transitions. - 27:46 - Setting Up for Success
The importance of clear expectations, communication, and accountability. - 33:19 - Options for Growth
Exploring strategic partnerships and reinvestment for business expansion. - 40:44 - Emotional Journey of Change
Navigating the emotional aspects of business transitions and partnerships. - 46:26 - Closing Remarks
Jennifer and Trey recap key takeaways and encourage proactive business management.
Guest Details:
Trey McWilliams
- Title: CEO of McWilliams & Sons, Founder of Blue Cardinal Home Services Group
- Background: As a third-generation leader in the home services industry, Trey has successfully expanded his family's business through strategic partnerships and acquisitions while focusing on cultivating leadership within his organization.
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