Business Builders Blog

why knowing the story your numbers tell is critical to your success!

If you want to make more money and have more peace of mind in running your contracting business, then watch this video.

More than anything else I do with clients, teaching them how to interpret the story their numbers tell is the #1 DRIVER in helping them increase their profitability!

Having worked with hundreds of contractors for the past 25 years, I’ve learned that there are a handful of numbers that are the key drivers to your profitability and success. Yes, I know construction can be complicated, but if you can understand the key numbers to pay attention to that drive your success, then you can have more control over the outcomes.

In this video, I walk you through a real example of what numbers you want to look at, and how to interpret and use that information to your advantage in making a consistent profit on projects.

In my next video, we’ll dig into planning for profits, which moves from looking at historical information to planning for the future.

Until then, I have a free resource to help you know the one CRITICAL number that will make all the difference in being able to generate a consistent profit in your business. My Overhead Breakeven Percentage Calculator will give you the formula for figuring out what your overhead breakeven percentage is. (hint: It’s not the percentage that’s on your profit and loss statement.)

Warmest,
Vicki

P.S. If you want more tools to help you increase the profits in your contracting business, check out my book, ”The Profit Bleed – how managing margin can save your contracting business”. For a limited time, it’s FREE – you just pay for shipping and handling.

Apply these 3 secret techniques to price projects more profitably

Project profitability begins in the bidding stage, and if you miss the mark here, it’s impossible to make it up in production.

As a contractor, you live and die by managing gross profit margin, and that starts with how you price your projects.

In today’s video I walk you through the 3 secret techniques to pricing project more profitability at the bid stage – stacking the odds in your favor of making more money on your bottom line.

Make sure to grab the FREE resources I offer at the end to help you make a more consistent profit in your contracting business!

P.S. If you want more tools to help you increase the profits in your contracting business, check out my book, ”The Profit Bleedhow managing margin can save your contracting business”.  For a limited time, it’s FREE – you just pay for shipping and handling.

PPS. Grab my free and easy-to-use Labor Cost Calculator tool to help you price for a consistent profit when bidding labor.

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