Latest / Contractor Business Builder Podcast / How Contractors Can Win with Live Video - James Hatfield
Transcript
- 0:00Welcome to the Business Builder Podcast.
- 0:02We've got the special guest today, James Hatfield.
- 0:05He's a Chief Revenue Officer of Live Switch.
- 0:07How you doing today James? Doing great, Derek.
- 0:09Thanks for me on the. Show right on.
- 0:11Super excited to talk with you James.
- 0:12You've done some amazing things in the industry and really lots
- 0:15to dive in here. Can you give us a little bit of
- 0:17a snapshot of of your journey, you know, climbing ladders.
- 0:20You've been in the home services business before to, you know,
- 0:23cofounding billion dollar company.
- 0:25You speak about your your journey.
- 0:27Through that all, yeah, I come from humble beginnings among
- 0:29grandfather didn't even graduate high school because his dad died
- 0:32young. So he had to use the oldest in
- 0:33the family and drop out get a job and help put food on the
- 0:36table. So that can't imagine that a 16
- 0:38year old doing that, but he certainly did.
- 0:39And then my father's self-made guy build his own home.
- 0:42I come from blue collar builders and they my grandfather wanted
- 0:45me a painter after I got educated after high school.
- 0:48And so that's what I did after high school opened my business.
- 0:50You know, I had to find a way to put food on the table for my
- 0:52family and I had multiple crews and power washing painting
- 0:55companies and as well on my way. And I thought I'd be a business
- 0:58owner in that space and home services for the rest of my
- 1:01life. The problem I had was when I
- 1:03went to the bookkeeper, they would speak English to me and
- 1:05I'm like, I don't understand a word this person saying.
- 1:07And I'm like, that's not good. So I wanted to be a bit more
- 1:11business savvy cause a lot of us who are good at building things
- 1:14sometimes find that we're accidental business owners and
- 1:17then we really need help with process optimization operations
- 1:20and then finance and legal and all that fun stuff.
- 1:23And so I figured I needed to, especially around money.
- 1:25I wanted to be educated. I didn't want someone to take
- 1:27advantage of me. And so went back to state school
- 1:29then and as I was graduating, a guy who was running landscaping
- 1:32companies was doing the same thing and he built a technology
- 1:35that could read an income statement balance sheet.
- 1:38That's over 20 years ago before AI and all the stuff we talked
- 1:40about in these days. And it would basically help with
- 1:42the problem I had. You could put my financial
- 1:44statements in and out, would pop up plain language report on how
- 1:47he's doing. And he asked if I wanted to sell
- 1:48it. And that got me off the ladder
- 1:50and in the technology. I never intended to be there.
- 1:53And it took me on a wild journey, which I know we'll talk
- 1:55about more, but I'm not your typical tech guy.
- 1:57I have lived my life on a. Ladder.
- 1:59Yeah, great that you can bring both worlds together and you
- 2:02know, you understand the kind of unique side of of running a home
- 2:06services type business, you know, boots on the ground, up on
- 2:08a ladder, real world kind of stuff.
- 2:10And then bring that over to the tech side and and help
- 2:13contractors, you know, for the better.
- 2:14What So, you know, that was the natural kind of progression.
- 2:17There's a lot to unpack there. Do you maybe want to talk a
- 2:21little bit about the financial stuff because I feel like it is
- 2:23super important and like you said, myself included, you know,
- 2:27I was used to doing work with my way up and when I started my
- 2:32first business really didn't have any knowledge of
- 2:35bookkeeping, accounting, finances.
- 2:37It always very abstract and and kind of Gray.
- 2:40So what are some maybe like key points on the financial side or
- 2:44some clarity that you can? Bring to that.
- 2:45Yeah. So, you know, as I got more, you
- 2:47know, the understanding of the numbers, I could speak the
- 2:50language. And I had a business partner now
- 2:52who wanted to sell this software.
- 2:54And he said, hey, can you, can you help me sell it?
- 2:56And I'm like, yeah, I can. I can sell.
- 2:58I'm happy to pick up phones. I'm happy to knock on doors.
- 3:00I'm happy to go to conferences, whatever it takes.
- 3:03And so we took that from an incubator.
- 3:05We were nobody. We turned that into an Inc 500
- 3:07company for three years, meaning one of the fastest growing
- 3:09companies in America for three years.
- 3:11And eventually we had a big exit and now it's a multibillion
- 3:13dollar company with a B. So that worked out really well.
- 3:16And things that I take in all my businesses, as I've found in
- 3:19nonprofits now and other businesses that I start, is that
- 3:23financial acumen is so important.
- 3:25It's so important for a business owner to understand their cash
- 3:28flow. So one, they can make sure all
- 3:29salaries are hit, that they can grow and expand as they need to,
- 3:32and also as they think about when it's time to wind down and
- 3:34hand the business off, that's going to be the first thing and
- 3:37the most important thing that people are going to be looking
- 3:39at. So get your house in order with
- 3:41your numbers. It will pay incredible
- 3:43dividends. And I hate to see when business
- 3:45owners have left their finances to get a little bit dusty or
- 3:48they have left it off on the sideline because it really comes
- 3:51to hurt them. So I would say one key take away
- 3:53from today's show is get your financial house in order as fast
- 3:56as you can. Even if you just go get your
- 3:58first bookkeeper or fractional CFO or a CPA or all of the
- 4:01above, get your mind on your money.
- 4:03Yeah, great advice and so critically important and so easy
- 4:07also not to do it as a business government when things get busy,
- 4:11like, you know, those immediate things like the project, the
- 4:14clients, sales, whatever it's it always seems high priority.
- 4:17But the financials, you know, it's going to catch up with you
- 4:20sooner or later if you're not watching it.
- 4:22As far as getting good advice and getting those financials
- 4:25place you mentioned like a bookkeeper, which I think is
- 4:27essential because as a business owner, unless you're in you're
- 4:30like first couple months and just starting out, you, you
- 4:33really need someone else that no one was off too.
- 4:35But how can how can a contractor educate themselves?
- 4:38Like what would be a good resource or person to talk to?
- 4:41Yeah, I mean, you definitely wanna start off, which is
- 4:43educating yourself. I mean, nowadays you can use
- 4:46that windshield time or you know, off the the clock time to
- 4:49educate yourself Books. There's plenty of great books
- 4:51out there for financials. It's OK.
- 4:53You can turn to a financials for dummies book like you don't you
- 4:56want to get humble first, right. And if you don't know something,
- 4:59you don't know something. And then you put those, you
- 5:00know, ear ear pods on and go for it, you know, and then from
- 5:04there, what Derek said, I totally agree with when you're
- 5:08after your first couple of months, go and get an in house
- 5:10bookkeeper overseas. Even don't underestimate the
- 5:13power of some of these virtual assistant companies.
- 5:16They have incredible bookkeeper talent and you can have a
- 5:19dedicated bookkeeper to your business.
- 5:21If you don't want to go that direction, maybe you're not
- 5:23feeling comfortable, although that's why I recommend because
- 5:24it's very affordable. Obviously approaching a CPA firm
- 5:27that does bookkeeping or bookkeeper proper onshore, it's
- 5:30going to cost you a little bit more.
- 5:32But you know, alternatively, if you if you if you really
- 5:34understand it, you want to do your own books, you can start
- 5:37there, but it probably where you won't finish.
- 5:39Most owners that I know don't do their books.
- 5:42They have somebody do that. And you should, because your
- 5:44mind should be on the non administrative things.
- 5:46Like the faster you can put legal issues in the rearview and
- 5:49financial issues in the rearview, the better you're
- 5:51going to be for working on your business and working on those
- 5:53process your team lead, make yourself redundant in sales and
- 5:56all those beautiful things. So really from there, if you're
- 5:58more advanced, obviously bringing in a controller,
- 6:00bringing in a CFO, if you've gotten to that point of view and
- 6:03having someone who really commands those books well,
- 6:06because there's nothing more sensitive than those financial
- 6:08numbers and you want that to be done.
- 6:10Spot on, clean that up. You know, get and if you're all
- 6:13tied into one last thing on this, if you'll get all your
- 6:15personal finances tied into the business, you want to start
- 6:17untying that because the bigger rats nest that is it's going to
- 6:21create a lot of problems down the road.
- 6:23So try to get that stuff. Separate yeah definitely the
- 6:26more experience I get any you realize the kind of the depth
- 6:29and knowledge and even just knowing over the years how how
- 6:32things change through a business and and yeah it's super
- 6:35important, but but add grass. Let's move on as far as so
- 6:40you've you know you you grew this company now worth, you know
- 6:43billions and now you've moved on to to growing live switch, which
- 6:48is is your new company that that you're part of.
- 6:50Can you talk about that transition and what inspired you
- 6:54to start Live Switch and, and the kind of where, where things
- 6:57were and where it's going? Yeah.
- 6:58So book recommendation, first book recommendation, I have a
- 7:01few probably on today's show is called buy, then build, buy,
- 7:06then build. But we started First off from a
- 7:09startup and 90% of startups fail.
- 7:12It's just what it is. So if you can go and buy a
- 7:14company that's already cash flowing.
- 7:16So we went and we bought a 12 year old company.
- 7:17This one happened on Vancouver. We know we wanted to stay in
- 7:20technology. So purchases about five years
- 7:22ago when we came on the scene, my partner calls me like, hey,
- 7:25let's build another large tech company.
- 7:27So I need about a month to be like, alright, here we go.
- 7:29Because you know, you got to come and clean up someone else's
- 7:32house first and then built, take your talent and build on top of
- 7:35that. So I came in about 5 years ago
- 7:37and I also love building things, you know, back to my roots.
- 7:40So, and this time I sat with our engineers, these are computer
- 7:43scientists and back to they were speaking English to me and I
- 7:47didn't understand a word. I was like, you guys have to
- 7:49dumb it down. It's so incredibly hard.
- 7:51What we bought, we bought a communications company
- 7:54predominantly with a video, live video focus.
- 7:57And we bought it because there's only a few companies in the
- 7:59world that did what it did. So we knew we wanted something
- 8:02unique, special that we could come in and apply our recipe to,
- 8:06so to speak, our playbooks to and grow the company.
- 8:09So I hung out with those engineers learning this
- 8:11communications video platform took me a long time, like 12
- 8:15months, probably one of the most in depth, most humbling pieces.
- 8:19But once I understood it, I got a knock on the door from the
- 8:21chief of police in Washington, DC.
- 8:23This company, we, I mean, we did the Super Bowl the last three
- 8:25years. If you go to MLB ballpark and
- 8:27scan a QR code, they put you on the Jumbotron.
- 8:29That's our stuff. During COVID, if you remember
- 8:30the NBA bubble and all the TV screens and fans, we powered all
- 8:33of that. So hence we work with all kinds
- 8:35of governments and medical and professional sports.
- 8:38We had a knock on the door from the Chief Police in Washington,
- 8:41DC, to reinvent our nation's 911 phone call of all things.
- 8:45So I had to think about how do I get into a citizens camera now
- 8:50that everybody carries about two or three or more cameras in
- 8:52their pocket? How can I get in without
- 8:54downloading anything and tapping into that live video camera to
- 8:58stream that video feed to a police car, fire truck or
- 9:01emergency medical? And when you're in a compromised
- 9:03situation and you don't have time to think, you're already
- 9:05compromised. I had to make it so easy that
- 9:07you could do it even when you're working on a few brain cells,
- 9:10right? So welcome at 3:00 in the
- 9:12morning, like I got it. We're going to go in through a
- 9:14text message. So we're going to send an SMS
- 9:16text message while you're on the phone telephony.
- 9:18And I'm going to come in through your text, you're going to tap
- 9:20it and then I can get into your cameras.
- 9:21And it creates a point of redundancy.
- 9:23One, you're on telephony and two, you're on video through the
- 9:27Internet, right? And now that goes right to the
- 9:29police car fire truck. And so as I was building that,
- 9:31it was like, well, who else could use this stuff, right?
- 9:33And the plot continues. I know I'm doing a lot of
- 9:36talking here, but this is the bouncing ball continues to be
- 9:38interesting. Alright, great.
- 9:40Keep your popcorn, guys and gals.
- 9:43So the next stop when we had that was like, well, who else
- 9:46could use this no app remote assistance technology?
- 9:49And I came across a guy who has taken care of the Tennessee
- 9:52Titans NFL football team, 20 years in the FBI.
- 9:55This guy is fantastic. I'm showing him all this stuff
- 9:57with the remote assistance for emergencies.
- 10:00And he said, hey, James, I have the stupidest question.
- 10:02Like, what do you mean? He's like, I have a big arena
- 10:04here in Nashville and sometimes the trash cans fall over all the
- 10:07way across the way and I have to hop in my golf cart.
- 10:10Can I just send a text and make him show me so I don't have to
- 10:12hop in the golf cart? And that was like the Eureka
- 10:15moment for me. I was like, this is like my
- 10:16Nextel walkie talkies and anyone listening that's in construction
- 10:20or any kind of contracting goes on.
- 10:22I don't even know what happened. Those things, Derek, like where
- 10:23did the where the next talkie talkie go?
- 10:25I love that thing, but it's dead.
- 10:27I guess. I loved it.
- 10:28I was like, this is like next to hockey talking about with my
- 10:30eyes instead of just my ears. So the next stop on the journey
- 10:33was into home services and through a series of events, I
- 10:36got to meet a guy who is the mover of movers.
- 10:39Sometime I'm moving boxes of all industries.
- 10:41This guy trains. He has big conferences and I'm
- 10:45showing him, hey, this is the medical stuff.
- 10:47And he's like James, you're sitting on a pile of gold.
- 10:49What do you mean? He's like, you should know this
- 10:51because you owned home service based companies.
- 10:53I'm going to use this for virtual estimating and also for
- 10:57remote help with my team. He's like the most expensive
- 10:59thing I do is put one of my hourly wage guys and one of my
- 11:03trucks just in the hope of winning the business, right?
- 11:05Like sometimes I'll get there, we'll quote and the guys like,
- 11:07oh, it's that much. I'll just get 2 pizza boxes in
- 11:09my friends. Yeah, you know, we've all heard
- 11:11that before as builders, right? We're like, good luck.
- 11:14Call me when things go sideways, you know?
- 11:17And so that set us off on a journey down home services,
- 11:20construction, even property management.
- 11:22And now we have thousands and thousands of users.
- 11:24We're under the hood of things like Service Titan and Jabber,
- 11:27and we're connected and integrated all types of
- 11:28different systems. And it's been quite the wild
- 11:30ride. But that is where we're at
- 11:32today. And we've been scaling this
- 11:34company with that particular product the last 2 1/2 years.
- 11:37And that's how our paths cross. Wonderful gods, that's an
- 11:40inspiring story and really just shows the the power of like
- 11:45knowing other people, I guess, and then just seeing
- 11:47opportunities. I think I can pick that up.
- 11:50Something that you're really good at is, is realizing where
- 11:53there's there's a fit here and and the use case, I guess for
- 11:57for, you know, the home service industry and how game changing
- 12:01will be. Can you talk a little bit more
- 12:02about specific use cases and in real life scenarios or how this
- 12:07is is best utilized by people on the on the?
- 12:10Software, yeah, 100%. And not even before I do that,
- 12:12you're talking about the power of listening and pivoting, you
- 12:15know, and like, oh, this led me the bouncing ball.
- 12:17This happened to me in my home service business as well.
- 12:19We're painting houses head to toe.
- 12:20We're out painting and sure enough, a neighbor walks over is
- 12:23like, I don't need a paint job. But my house hasn't been power
- 12:26washed in many years. And I see you have a power
- 12:28washer cause you always have to power wash the house before you
- 12:30paint it. So the paint sticks on the right
- 12:32way. I was like, Oh, I can just send
- 12:33the guy over. We can probably power wash that
- 12:35house in a couple hours. And you know, we'll charge you
- 12:37this. And I'm in the South, right?
- 12:39So North Carolina, it was getting hot.
- 12:40So my guys loved it. They loved playing with water
- 12:42guns rather than paint sprayers. And so I launched the next
- 12:46business of the power washing, but I think that really comes
- 12:49into contact. We gotta be careful not to
- 12:50spread our our scope too wide, but anyone running your, you
- 12:54know, contracting, construction, home service business, be on the
- 12:57lookout for when bits of opportunity might might come up.
- 13:01And you're just like, well, that's not really what we do,
- 13:02but I can do that and I know how to do it well.
- 13:05So I learned a lot about that with any business or nonprofit
- 13:08that I run, I'm always looking for to satisfy that customer
- 13:11that might lead to some additional cash as well.
- 13:13And so the practical, tactical things of now this whole story
- 13:17of our technology and how it's being used to your original
- 13:20question is it's being used to save trips in the truck and save
- 13:25trips in the airplane. If you're doing larger projects,
- 13:27it's called speed delete. So nowadays if someone wants any
- 13:29kind of work done, what are they going to do?
- 13:31They're gonna go little thing called the Internet.
- 13:32And now they might not just be going to Google, they might be
- 13:34going to AI and asking, hey, I have a project I need done and
- 13:38it will start surfacing, whether it's Google or ChatGPT or
- 13:41whatever, surfacing up companies with phone numbers.
- 13:44So the first thing someone's going to do probably look at
- 13:46your reviews. All right, So we can talk about
- 13:47that later. After you have enough reviews,
- 13:49they're going to make a go to your website.
- 13:51I mean, everybody knows this stuff, but then they're going to
- 13:53fill out a quote form or give your phone a call, right?
- 13:55So when that call comes in or that quote comes in, the first
- 13:57thing that you're going to want to do is called race to the
- 14:00face, OK? Because your face and not every
- 14:02time I've talked to anyone in project management, sales,
- 14:04business owners, when the deal gets 4 figures or more,
- 14:07someone's going to need to see you before they sign something,
- 14:10which is what it is. Now the thing that everyone
- 14:12thinks is that they have to see you in person every time on
- 14:15property. That is not always the case, OK?
- 14:17I've I've seen it change over the last two years that we are
- 14:20seeing business 1 without even going on property.
- 14:24But that doesn't mean it happens every time.
- 14:26Typically what happens is your prospect will fall into three
- 14:29bucket. Bucket number one is they have
- 14:31no business calling you. They don't have budget.
- 14:33They don't have much. It is they're just going to use
- 14:35you for free consulting. We want to get to the know as
- 14:38fast as possible. So if I can send you a text, I
- 14:40can't see your text and you kind of show me the project.
- 14:42I can see the project. Ask those discovery questions
- 14:45and rule them out and save that trip in the truck.
- 14:48So that's bucket one. Bucket 2 are these highly
- 14:51informed customers we're talking about customers who already know
- 14:53who you are, might be a referral, might already have a
- 14:55budget set aside and approved. And really they just want to
- 14:58take a look at you to make sure they know that you're and they
- 15:00might verbally say, yeah, no, I'm already ready to go.
- 15:02And then you're like, OK, great. And then you, you drive out to
- 15:04your measurements to do the bidding, everything you need to
- 15:07do. But that's that Amazon customer
- 15:09is what I'm calling them. Everyone has Amazon Prime
- 15:11because they want their packages now instead of two days, you
- 15:13want an overnight speed is everything and getting a face
- 15:16where they can see you as an owner or a salesperson, whoever
- 15:18meets people at the virtual door in the final bucket.
- 15:21Is this a great project? It's a large project, like get
- 15:24out on property as fast as you can because you see them, you
- 15:27see everything, you know it. So those are three buckets.
- 15:29That's where it start. And this is all around virtual
- 15:31selling as well as virtual follow-ups after you've been on
- 15:34property, after you've drafted your proposal.
- 15:36You don't always have to go out every single time, especially
- 15:39even on the smaller jobs. So that's where things start.
- 15:42For sure that makes a lot of sense and you know, live switch
- 15:45makes it super easy. I've, I've helped my clients
- 15:48with this as well of like you don't always need to meet in
- 15:51person. And if you're using e-mail and
- 15:54phone, it's just not as effective as you know, obviously
- 15:57in person is great, but it's gonna take you an hour to drive
- 16:00there and back or two or whatever it may be.
- 16:02Or if you're flying, definitely like you can save a lot of time
- 16:05and you're still kind of get that face to face back and
- 16:07forth. They can show you the property
- 16:09or whatever needs to be done. And I think it probably sets you
- 16:11apart to a bit from your competition if like you come off
- 16:14as a little bit more tech conscious or accessible more
- 16:18like you said, you know, have your face on there and just
- 16:21builds familiarity for sure. You've talked about like the
- 16:23sales, the estimating that early, you know, speed to lead.
- 16:27What about things like project management, client experience
- 16:30during the project mutation. How does life switch kind of fit
- 16:33in? There, yeah, because these
- 16:35phones that are in your pocket with three or four cameras are
- 16:38now going to change your entire business.
- 16:40We call it the customer buying experience from that first sale
- 16:42like we've been talking about now to operations.
- 16:44So project managers who are managing multiple projects now
- 16:47are able to send a text and connect with a live, maybe a
- 16:51Superintendent or maybe it's a subcontractor.
- 16:54Show me the work. And now everything's tuned up
- 16:56for 3rd party assistance. This is not a FaceTime call.
- 16:58This is not a conference call. OK.
- 17:00This is tuned up. When your project manager sends
- 17:03a text to maybe that Superintendent, that
- 17:04Superintendent will see them self large and the project
- 17:07manager small. That's the reverse of a FaceTime
- 17:09call. The project manager on the other
- 17:11end though will see everything large on their computer screen
- 17:14and it's going to start to record everything.
- 17:16You can take remote photos. We even have a laser guidance
- 17:18system. So you can take your laser point
- 17:21your mouse and start tapping on the screen and guide person
- 17:24around. Show me, I'll hold there, walk
- 17:26in. Now that you take the camera,
- 17:27someone taking the camera out of the pocket, you can get really
- 17:29close. Maybe they just did an
- 17:31excavation. Maybe there's a problem that's
- 17:33going to affect the timeline on the budget and they're going to
- 17:35need to communicate that to the customer because the customers
- 17:39care about timeline and budget, right?
- 17:40So there's going to be an issue. Now they can share that shared
- 17:43video that the that the project manager walked the Super around
- 17:47in and say and share that. They can share it to insurance,
- 17:50they can share to the customer, they can share it to other
- 17:52operations, to subcontractors, and also they're documenting the
- 17:56work, right? So now they can even put QR
- 17:58codes up on site where anyone of the staff member or anyone on
- 18:02the team, supers or builders can go and scan the QR code, take a
- 18:06video. And now instead of having to
- 18:07write out everything they've done, they're taking a video and
- 18:10everyone knows the video is worth 10,000 words.
- 18:13And that would go right up into the timeline and into the
- 18:16project. And now you're starting to
- 18:17document everything to cover your backside or when you bury
- 18:21something or put a wall up. It's always nice to know and see
- 18:24that video that you go back to in store it indefinitely,
- 18:26especially have to go if you have to go there a year or two
- 18:28years later, right? So these are kind of
- 18:30documentation that really helps us project managers manage, you
- 18:34know, from the comfort of their own home and then deciding when
- 18:37they're going to get behind the windshield or on the airplane.
- 18:40And that ultimately as a business owner is reducing my
- 18:43bottom line expenses. Yeah, that's really how you
- 18:46mentioned the the live aspect, of course, super valuable.
- 18:49But as you, as you said, being able to go back later with these
- 18:52recordings, I don't know how many times, you know, we've
- 18:54needed to figure out where the backing is the TV mount or, you
- 18:58know, someone buried a low voltage wire in the kitchen.
- 19:00Now we need to find it and dig it out or, or whatever, right?
- 19:03So super important for documentation sharing with
- 19:05clients, all those kind of things.
- 19:07As far as like using it with the, you know, the rest of a
- 19:10tech stack that a contractor may have.
- 19:13How does the integration or process work when kind of using
- 19:17these other tools can be management software or you know
- 19:21a cloud storage, things like. That so it different tech stacks
- 19:25require different integrations, right?
- 19:26So everything we do has an open AI.
- 19:28So in some cases we're already bolted under the hood.
- 19:30Like with a service Titan, you just hit the on button and we're
- 19:33bolted under the hood. Other times I've got smaller
- 19:35businesses that are still running on Excel Sheets or
- 19:38Google Sheets, you know, they're, they don't have CRM in
- 19:40place, Although we do highly recommend, let's get a cream in
- 19:43place. Even if you don't, that's OK.
- 19:44Within browsers, like a Chrome browser, we have an extension
- 19:48that will look for phone numbers, whether it's from
- 19:50emails, websites on those Excel sheets.
- 19:52And it'll put a little L next to each one of those pieces and you
- 19:55just hit click the L and start the call.
- 19:57And then everything is saved into the cloud.
- 20:00Nothing is ever stored on a customer device or on an
- 20:03employee device. That's a liability.
- 20:05And in fact, all of the things we do are sock to certified
- 20:07because we work with governments.
- 20:08That video call is safer than the phone call that you guys are
- 20:12on. So if safety is ever issued,
- 20:13this is over the top safe. And then everything is stored in
- 20:16the cloud. In case, you know, for
- 20:17liability, we would no more having to scroll through all
- 20:20those photos of all the work and your, your file in the in the
- 20:23photos app. That is not good.
- 20:25That's not a good thing that it's stored there for your
- 20:27business. Or even your team, because we
- 20:29want to be able to transfer these videos quickly because of
- 20:32large video files because they're not stored on a device
- 20:34and they're stored in the cloud. All you have to have is the
- 20:37link, the link to the video that you can share with anybody,
- 20:39share it with Superintendent, share it with the insurance,
- 20:42share it with the customer. And you can send that link in an
- 20:44e-mail, a text, or however you want to give it.
- 20:46Because we can handle unlimited storage or built on the same
- 20:49platforms as like Netflix. So that has global coverage and
- 20:53we have global coverage as well. We can take care of the largest
- 20:55construction companies, which I have some very large
- 20:57construction companies, customers all the way down to
- 20:59the mom and pops. Yeah, perfect, super useful.
- 21:02And like the the open API so you can integrate and, you know, set
- 21:06up automations or whatever you need to do to get the
- 21:09information where you need it. So that's wonderful.
- 21:11What are some like common mistakes or friction that you
- 21:15see contractors starting to use, you know, live video platform
- 21:19like like live? Switch the biggest thing is
- 21:21taking the phone from your ear and moving it out three feet in
- 21:25front of your face and getting on live video, right, because
- 21:28some of these the contractors, oh man, video.
- 21:30I don't know about this, you know, like someone's looking
- 21:32over my shoulder and they only care about that if they have
- 21:35something to hide, right? They don't care about so much
- 21:38when they when it's not their fault, right.
- 21:39If you if you have a documentation where it wasn't
- 21:41their fault, if it's something that covers their backside, they
- 21:44fall in love with live video. And we're seeing video all over.
- 21:48Like I'm sure some of the listeners have taken their car
- 21:51into the auto mechanic now and the auto mechanics are now
- 21:53showing you proof of work. They're showing you that they
- 21:55change the oil, they fill up the tires, they check the air
- 21:58filters and it's all on video. You haven't experienced this
- 22:00yet. You will.
- 22:01A video is disrupting every industry that whether it's
- 22:05medical to construction to home services because of these
- 22:08cameras in our pockets. So the main point of friction is
- 22:12just like anything, you know, hey, they haven't been using
- 22:15video in the business and now they are.
- 22:17And so training around this stuff.
- 22:18I mean, we, I can train your team in 2 minutes to use it.
- 22:20This is our stuff is if you can send a text, you can use our
- 22:23stuff. That's another thing because I
- 22:25live my life on a ladder. I didn't want engineers who
- 22:28coded to build stuff 24 blue collar guys like myself because
- 22:32I always I always make fun of them.
- 22:33Like you guys all have soft hands.
- 22:34You've never spent a day on a ladder.
- 22:36Like don't we like one click solutions and construction?
- 22:39I like my truck to start up with one tap.
- 22:41I like tools to start up with one pull.
- 22:43You know, I like simple to use, but effective tools.
- 22:48And so back to the Nextel walkie-talkie.
- 22:50We're always thinking with that in mind.
- 22:52And you know, I can train. The sad thing is is they call,
- 22:55you know, the construction and contractor industry, the knuckle
- 22:58draggers. And I'm like, we're not the
- 22:59knuckle draggers, you jokers and the the coders.
- 23:02You just make stuff too hard to use.
- 23:04You over engineer things like we don't need all that.
- 23:06We don't need all the fancy whiz bang stuff like just get it to
- 23:09work. That's what we want.
- 23:11So that's a. That's a big part of our
- 23:13approach. Yeah, keep it simple,
- 23:15streamlined. It doesn't have to be
- 23:17complicated, right, just useful and get over that kind of little
- 23:21uncomfortableness of being on live video.
- 23:24It's after I feel like it's it's only a thing like you mentioned
- 23:28for people that just aren't used to it or for some reason because
- 23:31you know, are used to not have, you know, feel that some sort of
- 23:35privacy things gone. But the security is there and
- 23:37it's going to save a ton of time.
- 23:39It's just it's so common nowadays too.
- 23:41I think everyone's you zoom or, you know, Google meet or
- 23:44whatever, right? And it's it's really no
- 23:46different as as far as like being live on video.
- 23:49So moving on to like more of maybe the mission or broader
- 23:52piction. You you mentioned helping
- 23:54formerly incarcerated individuals become
- 23:56entrepreneurs. You talk a little bit about how
- 23:59that connects with your mission, the mission with live.
- 24:02Switch. Yeah.
- 24:03So my partner and I have big We have a couple of nonprofits and
- 24:06one of the nonprofits, it's called Inmates to Entrepreneurs.
- 24:08We've been putting thousands and thousands of incarcerated
- 24:10minimum through our entrepreneurship program.
- 24:12In fact, we've hired a few of them into our current business
- 24:15here at Live Switch. In fact, it's so popular that it
- 24:18became an ABC television show called Free Enterprise and we
- 24:21won a bunch of awards for it because the stories are really
- 24:23that amazing. And so being I can't even go to
- 24:26graduations anymore, it just makes me too emotional.
- 24:28But like everybody, we believe in second chances.
- 24:30I think we all need second chances.
- 24:31I know I did. So being able to serve in that
- 24:34way has just been very rewarding for any owners, anyone
- 24:37listening, you know, you don't have to wait until you hit it
- 24:39big to serve. We started doing this before we
- 24:42hit it big. You know, you just put yourself
- 24:43out there and you always get back more than you give.
- 24:45And organizations like inmates to entrepreneurs or something.
- 24:48We're proud to be a part of and privileged to to work in the
- 24:51lives of so many people whose lives changed because of just
- 24:54learning how to run a business. Yeah, I love that and I I feel
- 24:57like it's almost an under talked about part of being a business
- 25:01owner in Iran, supernatural almost is to have that.
- 25:04Like obviously there's a mission to to grow and be wealthy and
- 25:08and prosper and help your family and things like that.
- 25:10But when you kind of have this bigger mission that you can sort
- 25:13of rally around. And again, you don't have to
- 25:16doesn't have to be a huge amount, especially if you get,
- 25:19you know, starting out or things are tight, but just having some
- 25:22sort of mission tied into your business, whether that's just
- 25:24financial or giving back it I feel like you're just going to
- 25:28be better as a business person. You're gonna, it's gonna help
- 25:31you get through those tough times a little bit more because
- 25:32you realize it's not just about, you know, yourself and the
- 25:35business, but it's actually about the bigger picture and
- 25:37helping people around you and, and, you know, people in need or
- 25:41that need second chances or whatever, whatever it might be.
- 25:44And it's actually a key component to being an
- 25:47entrepreneur is to have these, these overarching larger goals
- 25:50and missions besides just, you know, growing and scaling the
- 25:53business, which is great, but that's what what can keep you
- 25:56sustained and, and help you grow for.
- 25:57Sure, some of the best and most powerful business owners I've
- 26:00seen have had to have a second chance.
- 26:02And most people when we start bringing this up, like either
- 26:04brother or, you know, a husband or somebody has been impacted by
- 26:09the judicial system and, you know, they did something they
- 26:12probably didn't wanna do, you know, and you know, they get
- 26:14another chance and they get really resilient and they
- 26:16remember where they came from. And especially giving folks, and
- 26:19I've heard so many business owners that have given folks a
- 26:21second chance to be part of their business.
- 26:22And they're the most loyal, hard working, best employees that
- 26:26they've had. So, you know, we really need to
- 26:27keep an open, you know, be discerning, but you know, give
- 26:30people a second chance and you'll be shocked at what they
- 26:32can do for you and your business.
- 26:33Yeah, fantastic. And yeah, inspiring to to know
- 26:37that that's, that's a big part of the business that that you do
- 26:40as far as like mindsets, what what's a mindset shift do you
- 26:43believe every contractor needs to make in order to scale and
- 26:47grow their business? Sustainably when's the last time
- 26:49you went on vacation and caney go on vacation and your business
- 26:52will still run like a top. If you can't go on vacation for
- 26:55more than a day, try a week, maybe even a month if you're
- 26:57wild and your business and if it can run and run like a top, you
- 27:00have yourself a business. So in order to get there, you
- 27:03have to free yourself. So book recommendation #2 says
- 27:07making money is killing your business.
- 27:09It's a wonderful book to read. It's all about what they call
- 27:12freedom mapping and taking it and mapping your process from
- 27:15end to end and then having a layer.
- 27:17So you might have kind of like a cover page of your process with
- 27:20maybe one or two bullets. But then you can double click
- 27:21into the process and that process is owned by the person
- 27:25that is doing the work. So if it's your sales team, or
- 27:28if it's your operations team, or if your finance team,
- 27:30everything's documented that way.
- 27:32When you have a switch, maybe someone quits and you have to
- 27:35hire a new person or you're ready to scale.
- 27:37You're able and have everything documented.
- 27:39So working with someone like Derek, he can help you with
- 27:42these process with operations. I know you can probably get on
- 27:45your soapbox for awhile around this, Derek, but what it can
- 27:47mean for a business owner, especially if you're in that one
- 27:50to 10 million revenue, this is a time to set yourself free and to
- 27:53do that and making yourself redundant.
- 27:55It's something I always work to do.
- 27:57So I was a product officer here at Live Switch.
- 27:59I've made myself redundant. I'm actively making myself
- 28:02redundant in revenue and it's a good thing as a business owner
- 28:05or as someone who is company focused, you're not so much
- 28:08trying to race to the top, secure your position, you're the
- 28:10most important person. That's a real problem.
- 28:12It's called key man problem and a key man problem is a big
- 28:16problem and a lot of businesses have it.
- 28:17And it's a lot of it comes down to our own personal pride and
- 28:20we're worried maybe if I make this myself redundant, they're
- 28:22going to open up a competing business or all the worries or
- 28:25maybe it's just your own pride. It's getting in the way.
- 28:27But I've seen the fastest growing companies, no matter
- 28:29what the vertical is when you have an owner and a management
- 28:33team that believes in making themselves redundant through
- 28:35this type of approach. Derek, do you agree with all
- 28:37this? I'm sure I could see you nodding
- 28:39and smiling. I'm like I think.
- 28:40I'm saying, yeah, you hit the nail on the said couldn't,
- 28:43couldn't have said it better myself.
- 28:45It's so essential to, I say you as a business owner, you want to
- 28:49replace yourself. And part of that is building out
- 28:51that process, those systems, the the operations and then
- 28:54enabling, being the leader that enables other leaders and and
- 28:58their management team and your business to take the ball, run
- 29:00with it. And yeah, there's going to be
- 29:03hiccups before going to fumble. Things are gonna go, you know,
- 29:05left and right, but that's where you adjust.
- 29:07And those are the opportunities to then improve your system and
- 29:10your process and, and, and be able to grow that business.
- 29:13And yeah, the vacation test essentially can you, can you go
- 29:16on vacation without, you know, things falling apart or coming
- 29:19back to, you know, a huge inbox and, and, and, and mestic clean
- 29:23up when you get back or, or things, you know, smooth sailing
- 29:26and you can just kind of fit in again and, and plan your next
- 29:30vacation. You have a real business when
- 29:32you can do that. When you do that, I would say
- 29:34you don't have a real business unless you can leave and that's
- 29:36what's super valuable as well. And it empowers your people.
- 29:39I mean, I can go on and on why this is so important, but we get
- 29:42on our own way. You've got to get out of your
- 29:44own way. And if you're listening right
- 29:46now, I'm challenging you to get out of the way.
- 29:48Start making a few things redundant this week.
- 29:51Like find a few things you know you can hand off and hand off,
- 29:53OK? They won't do it as well as you
- 29:55or could they? And if you documented everything
- 29:57and have the process, they might even improve your process.
- 29:59So just take your pride and back up a little bit, enhance your
- 30:03baby off. It's going to be just fine.
- 30:04And you'll your future self will thank.
- 30:06You definitely and the beauty of it cause every small little
- 30:10piece or thing you can hand off your system process, you can,
- 30:13you know, document a delegate to somebody else.
- 30:15The, the easier the next ones gonna be because you have that
- 30:18experience. And you've also freed yourself
- 30:20to then focus on, you know, having more time on, on higher
- 30:23level and creating, you know, better systems and processes.
- 30:26So it's, it's a virtuous cycle. It's not easy and I know this is
- 30:30something people struggle with for for years sometimes, but it
- 30:33is a worthwhile objective and and the way forward for
- 30:36business. So thanks so much, James.
- 30:38It's been been a pleasure for sure and honor and you've shared
- 30:42so much with us. What's the best way for people
- 30:44to learn more about Live Switch or connect with you possibly?
- 30:47Yeah, two things. Anyone.
- 30:48Listen, I made this promise to Derek that I will personally
- 30:50take care of you if you go to LinkedIn and look up James
- 30:53Hatfield and live switch LIVESWITCH and reach out, I will
- 30:58make time. I literally had a guy reach out
- 30:59yesterday. He owns a fencing company.
- 31:01We spent an hour together in the fabulous.
- 31:03So please, you know, reach out. And I know I'm a challenge for
- 31:06people here. Many of you won't, maybe you
- 31:07won't reach out, but if you do, I've can give you.
- 31:10I'm not here to just sell you some software.
- 31:12That's not where I'm I actually care about my other fellow
- 31:15business owners, operators and sales.
- 31:17Whatever you find yourself and I'm happy to help.
- 31:19The second, if you do want to demo the software, just go to
- 31:21liveswitch.com, click on demo and say ask for James.
- 31:24Just ask for me and you'll circumvent our sales team.
- 31:27I love my sales team, but you know you can come right to me.
- 31:30I'll make sure that anyone listening gets direct help from
- 31:32me personally. Wonderful.
- 31:34So we'll put some links in the description of of this, you
- 31:36know, video or audio depending where you're you're listening or
- 31:39watching. And you can click through to the
- 31:42live search website and as well as, you know, reach out to James
- 31:45on LinkedIn if you'd like. Yeah, fantastic.
- 31:47Really enjoyed the time here. James, any final words of wisdom
- 31:51or last thing that you want to say?
- 31:53Last thing I want to say is thank you to Derek and I want
- 31:56everyone one last challenge. I've challenged you probably 4
- 31:58things. I want you to share this.
- 32:00I want you if you've been listening to Derek, even this is
- 32:02your first time, take the second pause.
- 32:04What you're doing right now, go to your LinkedIn or wherever you
- 32:08share and or it just with one other person, a coworker and
- 32:10say, hey, check this out. They got a lot of value from
- 32:12this because the people that give somehow magically, they get
- 32:15a lot more back. So just take that second.
- 32:18Do that for Derek, please. He's he's really putting himself
- 32:20out there to give quality content.
- 32:22I'm sure he doesn't make a a fortune off doing this podcast.
- 32:25He does it because he wants to share with his industry.
- 32:27And so I think the least we can do as a community is share about
- 32:31what he's doing. So that's the final word I'll
- 32:33say, Derek. Very true Shirt James, like
- 32:35myself, is a fellow educator. We're really here to educate
- 32:38and, and help contractors with our experience and resources
- 32:41and, and things that we do. So go ahead and share that with,
- 32:45with other people that you know, get some value out of it.
- 32:46Thank you so much, James. And we'll see everybody on the
- 32:49next one.