Today’s top finance leaders are being tasked with an ever-growing plate of responsibilities. And as a surplus of modern digital solutions are increasingly brought to market to support those needs, how is a CFO to choose what’s best for their business?

Are we in a recession? Is a recession on the horizon? Is inflation rising, the bubble bursting, the market crashing? As a field service business owner, you’re likely planning for the worst case scenario. In lieu of preparing for doomsday, here are four steps you can take to mitigate your fears and keep your business on track to profitability.

Over the last decade, the traditional roles have reversed when it comes to job interviews. Because of record-setting demand for workers across the economy, applicants in nearly every industry typically have more leverage at the negotiating table. Many of them will field multiple offers before accepting a new position, driving employers to develop new strategies for attracting and retaining team members. 

One of the most dependable strategies for quickly building and maintaining a skilled team is the implementation of a reliable training program. Effective training has many positive outcomes, from increased efficiency, accuracy and productivity to improved team morale and employee retention and enhanced customer service. When these outcomes are combined, they can add up to opportunity.

Cool enterprise 2.0, AI and OCR tech from XOi extends field service management software to create value where it matters most.

HVACR Business Managing Editor, Heather Langone, sat down with Aaron Salow, CEO and co-founder of XOi Technologies.

The proof is in the payoff. In the last year, Trane tracked service efficiency improvements worth just over $6.6 million through the application of workflows and process improvements with XOi.

While some field service business owners might view this rocky economic climate as a potential negative to their business, we see this as an opportunity for first class service providers to take on a new role in their customer’s minds: the advisor role.

Aire Serv has found success with XOi.