5 Smart Ways to Cut Costs in Your Pool Business

Published on May 18, 2023

In the midst of a rough economy, it’s crucial to explore the top smart ways to cut costs in your pool business.

When you cut costs in your pool business, you can save money to maximize every dollar spent on everyday operations.

Using the expert strategies in this article, you can:

  • Streamline your daily operations
  • Reduce your business’ overhead costs
  • Maximize the performance of your techs
  • Minimize the need for additional employees
  • Protect your investments and save money with insurance

By the end of this article, you’ll have everything you need to cut costs in your pool business and stretch your spending farther.

1. Automate Daily Tasks With the Right Software

Using the best pool service software, you can streamline daily operations while maximizing time and money.

By choosing Service Autopilot, you’ll gain access to lucrative tools such as:

  • GPS tracking
  • Time tracking
  • Performance tracking

In addition, you can automate daily tasks in order to get more done in less time:

  • Billing
  • Routing
  • Invoicing

By utilizing everything Service Autopilot has to provide for your business, you can reduce workload, minimize the need for more employees, and use employee tracking to optimize job performance.

Grow Your Pool Business... Faster (and with Less Stress)

Instant invoicing

Better scheduling

Manage your clients and employees all in one system

Start Software Tour

2. Focus on Profitable Services and Clients

By focusing on your most profitable services and clients, you can ensure you’re maximizing your resources

To start, evaluate which services are providing the best ROI (i.e. return on investment). Then, remove any services that are non-profitable or minimally profitable.

Next, calculate the individual profitability of all of your clients. Then, fire any clients that are non-profitable or minimally profitable.

Plus, you no longer have to spend countless hours crunching each client’s profitability. You can easily view client profitability using Service Autopilot.

3. Minimize Overhead

One of the best ways to cut costs in your pool business is to decrease overhead by exploring new ways to stretch spending farther.

Decrease overhead costs by:

  • Spending less time on jobs
  • Optimizing marketing and advertising spend
  • Get feedback and ideas from your team on innovative ways to save money
  • Utilizing discounts whenever possible (e.g. seasonal discounts, bulk discounts, finding better vendors, etc.)

By taking advantage of new, innovative ways to cut costs in your pool business, you can simultaneously maximize spending while minimizing additional hiring needs.

While you’re discovering new ways to stretch your spending farther, you should also reevaluate your pricing. In turn, you can reduce spending while increasing profits.

A Quick Guide to Fix Your Pool Cleaning Pricing in Under 10 Minutes!

Get Your FREE Calculator Now

4. Track Every Tech’s Job Performance

Like we briefly discussed earlier, one of the best ways to cut costs in your pool business is by tracking employee job performance.

When you track every technician’s job performance, you can ensure each tech is:

  • Finishing jobs in the allotted time without unexpected overtime discrepancies
  • Returning all equipment, tools, and chemicals in good condition at the end of each day

By tracking every technician’s job performance, you can simultaneously ensure everyone is meeting their job requirements and goals.

Even though employee tracking is always essential, it’s especially crucial during a recession when you’re trying to cut costs in your pool business. Plus, you can easily track this using Service Autopilot.

Take your Pool Service Business to the next level!

Download Your FREE  Templates Now!

5. Insure and Bond Your Business

When your pool business is insured and bonded, you can protect your investments from any potential surprises.

For example, a business that’s fully insured and bonded doesn’t have to be overly concerned with damaged, stolen, or lost equipment since it’s all covered by insurance.

In addition, your business is protected with insurance from everyday concerns, such as employee injuries, client lawsuits, and more.

However, it’s important to select the right insurance for your business. Even though you don’t want to go over budget, you also don’t want to settle for mediocre insurance.

At a bare minimum, you should carry these three basic insurance policies:

  1. General Liability Insurance
    • You’re covered if you’re at fault and an accident happens when your techs are on the field.
  2. Workers Compensation Insurance
    • In the event that an employee gets injured on the job, insurance will cover all expenses encountered from the accident—including medical bills.
  3. Property Insurance

Additionally, you should also consider carrying these policies:

  • Umbrella Insurance
  • Business Owner’s Policy
  • Commercial Auto Insurance

By properly insuring your pool service business, you can ensure its long-term profitability and success.

As always, discuss all of your business’ options with a trusted, reputable insurance provider to find out what policies best meet the specific needs of your business.

Cut Costs in Your Pool Business Now

Using these expert tips, you can cut costs in your pool business and:

  • Save time on daily operations
  • Minimize your need for additional techs
  • Reduce spending to provide an ample profit cushion

Finally, you have all of the top pro strategies you need to cut costs in your pool business and continue to grow in the midst of a recession today!

Related: 5 Ways to Build a Recession-Proof Pool Business

Originally published May 18, 2023 7:00 AM CT

Alyssa Sanders

Alyssa is the Team Lead of Content Marketing at Xplor Field Services. When she's not writing or creating content, you can find her watching a new sci-fi series or shoving her nose into a book.

Tags: ,

Free Downloads

Pool Cleaning Checklist

Establish a positive reputation for continued high-quality services!

Business Flyer & Door Hanger Templates

Build your pool service business fast!

90-Day Social Media Calendar

Build your pool service business fast!

Leave a Reply

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram