Best Practice Group for Trades

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Best Practice Group for Trades

Inspired by a conversation on:

Dropping Bombs

Dropping Bombs

How to Scale Any Service Business to 8 Figures (Real Case Study)

Host: Brad Lea

Timestamp: 08:00 - 09:52

Listen to Episode • View Podcast • All Ideas from Dropping Bombs

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Feather Flow

Direct Quote

"I encourage my industry fellows every single day, get into a best practice group."

Market Gap

Many tradespeople lack essential business knowledge.

Many tradespeople enter the industry with strong technical skills but lack business acumen, leading to financial struggles and business failures. They often miss critical knowledge areas like tax obligations, operational management, and customer relations. This gap can result in significant issues, such as financial mismanagement, inability to scale, and ultimately business closure. Current solutions are often insufficient, as many tradespeople do not have access to mentorship or structured learning that could guide them through the complexities of running a business in the trades sector.

Summary

The idea is to create a platform or service that helps tradespeople join best practice groups tailored to their specific industry needs. This service could provide resources, networking opportunities, and educational content focused on essential business skills such as tax management, customer service, and operational efficiency. Similar to Ken Goodrich's experience, who emphasized the importance of being part of a best practice group to learn and grow, this platform would facilitate structured learning and support for tradespeople, enabling them to avoid common pitfalls and achieve greater success in their businesses.

Categorization

Business Model
Community
Target Founder
Subject Matter Expert
Difficulty
Medium
Time to Revenue
3-6 months
Initial Investment
$1,000-$10,000

Potential MRR (18-24 months)

Conservative
$3,000 - $6,000 MRR
Moderate (Most Likely)
$10,000 - $20,000 MRR
Optimistic
$30,000 - $50,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
9/10
Novelty
7/10
Feasibility
8/10
Market Potential
8/10
Evidence
9/10
Overall
8.2/10
Found on October 14, 2025 • Analyzed on October 14, 2025 6:04 PM

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How should I validate this community idea before building it?

2:34 PM

Great question! For a community idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Subject Matter Expert to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
  3. Competitor analysis: Research existing solutions and identify gaps

Would you like me to help you create a specific validation plan for your medium difficulty idea?

2:35 PM

Yes, and what about the technical implementation? Should I build this myself or hire a team?

2:36 PM

Based on your idea's complexity and 3-6 months, here's my recommendation:

Technical Strategy:

  • Start with no-code tools for rapid prototyping
  • Consider your technical background and available $1,000-$10,000
  • Plan for scalability from day one

I can help you create a detailed technical roadmap and resource allocation plan...

2:37 PM

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Similar Ideas

Business Systems Training for Trades

This business concept involves creating a training platform that helps tradespeople establish and document their business systems and processes. The training could include workshops, templates, and resources that guide users through creating efficient workflows and documentation tailored to their specific trade. By leveraging Ken Goodrich’s experience with the E-Myth principles, the training would emphasize the importance of quantifying processes and measuring performance. This solution aims to empower tradespeople to build scalable businesses by providing the necessary tools and knowledge to streamline operations and improve service delivery.