Episode notes
Mike Heal runs Mike's Handymen in the Great Lakes Bay region. He started it in 1994 as a side hustle his dad talked him into..
Today he runs an 11,000 square foot building with a showroom, employs 14 people, and offers health benefits most companies his size never consider. He’s president of the Great Lakes Bay Home Builders Association, and he is building a training center to teach the next generation a skill that will actually pay their bills.
On this episode of The 1% Podcast, we covered:
→ Starting a handyman company as a side hustle in 1994
→ Losing 75 percent of the industry in the 2008 crash
→ Why he offers health benefits most companies his size skip
→ The truck story that explains why he does not set his own budget
→ Running your household finances the way you would run a business
Thanks to Mike for making the trip down to sit with us. If you are anywhere in the Great Lakes Bay region and something in your house needs fixing, go find Mike's Handymen!
Chapters
00:00 Welcome and meet Mike Heal
00:52 Starting Mike's Handyman in 1994
05:59 Why the Home Builders Association pays off
09:46 Building the next generation of tradespeople
16:34 The 2am sump pump call
18:34 Surviving the 2008 crash
19:02 Why he finally stopped talking and did it
35:51 Building a company with real benefits
42:09 Why the owner does not set the budget
49:46 Household budgeting and building wealth
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