Plumbing & Heating Business at £1.5M - Is Expansion the Right Move? (4k)

The episode opens with James Sinclair introducing Robbie, who runs a successful plumbing and heating business called Stonehenge Plumbing and Heating, generating approximately £1.5M annually. Robbie is at a crossroads, contemplating whether to expand his business into a new area or optimize the existing operation. The discussion covers not just Robbie's business achievements but also his concerns about judgment from others and the implications of his recent move. As they delve into Robbie's challenges—including whether to hire more staff or open a new branch—the hosts encourage him to focus on efficiency and consider investing in commercial property for long-term wealth. They discuss staff retention strategies, pointing out the importance of meaningful conversations with employees and offering profit sharing to keep them engaged. The episode concludes with light-hearted banter and insights into entrepreneurial mindset and challenges.