Behind the Claims Podcast
"They're not in it to make money. They're in it because they have a vision…and the money follows it.” Most people think successful business owners keep going because they want more money. They don't. They keep going because stopping would break them. In this episode of Behind the Claim, Adam Hall sits down for an honest conversation about what actually drives people who could retire tomorrow but choose not to. He talks about purpose, identity, leadership, business growth, and what happens to a person when the thing they've built suddenly isn't theirs anymore. But it doesn't stop at mindset. Adam gets into the nitty gritty of running a successful trades business at a large scale. Things like margin leaks, business profitability, and job cost tracking, which is money quietly walking out the back door because your project costs aren't being tracked properly. He walks through a real example where a $6 million business was losing $540,000 a year due to a gap between their accounting software and their project management software. Adam also gets into why business leadership, business systems, financial reporting, and business knowledge transfer across any industry. It's not about knowing the trade. It's about knowing how business works. Whether you're a business owner, entrepreneur, trades business owner, or business leader, this episode provides practical insights into business growth, profitability, leadership, and scaling a business successfully. If you're a business owner who's hit a ceiling and can't figure out why, or you're doing well but feel like something's not quite right, this one is worth your time. What this episode covers • Why successful business owners don't retire even when they can • Purpose and identity: what keeps driven people in the game • What a margin leak is and why most businesses have one they don't know about • How a $6 million business was losing $540,000 a year from a simple tracking mistake • Why not tracking job costs against budgets is one of the most common ways businesses lose money • The software Adam's business uses to track project costs down to the dollar • Why business skills transfer across any industry • Why having the right business mindset means you can walk into any industry and still succeed • How mentoring works and what Adam looks for in a coaching client In this episode: * Why successful business owners rarely retire completely * The role purpose and identity play in long-term success * What margin leaks are and how they impact profitability * How one business lost $540,000 without realising it * Why job cost tracking matters more than most owners think * The systems Adam uses to monitor project profitability * Why leadership and business knowledge transfer across industries * What Adam looks for when mentoring business owners * The difference between business operators and business leaders ⏱️ Timestamps 0:00 – Rich people aren't actually motivated by money 0:25 – Adam could retire tomorrow. So why doesn't he? 0:48 – What happens after you've "made it"? 1:11 – How Adam mentors trades business owners 1:33 – The $540,000 margin leak story 2:46 – What Adam looks at first in a business 3:56 – The biggest reason construction businesses lose money 4:19 – Why manual job costing fails 4:40 – Software systems and project profitability 5:26 – Why helping other business owners creates purpose 6:13 – Expanding into new states successfully 6:33 – Leadership skills that transfer across industries 6:55 – Two types of successful business owners 🔗 Connect with Adam Hall https://www.instagram.com/the_adamhall/ [https://www.instagram.com/the_adamhall/] 📲 Need help with workplace rehabilitation or injury recovery? 👉 https://www.ausrehab.com/contact/ [https://www.ausrehab.com/contact/] 📣 Follow AusRehab Instagram: https://www.instagram.com/ausrehab/ [https://www.instagram.com/ausrehab/] Facebook: https://www.facebook.com/AusRehab [https://www.facebook.com/AusRehab] LinkedIn: https://www.linkedin.com/company/ausrehab/ [https://www.linkedin.com/company/ausrehab/] Website: https://www.ausrehab.com/ [https://www.ausrehab.com/] Podcast Playlist: https://www.youtube.com/playlist?list=PLWSvHJb6Zuk43NnqhjwVNsjLysoZRQx6y [https://www.youtube.com/playlist?list=PLWSvHJb6Zuk43NnqhjwVNsjLysoZRQx6y]
12 episodes
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