Business Builders Blog

your ‘blueprint’ for a financially healthy contracting business

Do you ever worry whether there will be enough cash in the bank to pay your taxes, meet that next payroll, or buy those new computers or equipment you need? Do you wish you had a ‘blueprint’ that lets you have more peace of mind about the financial health and cash flow of your contracting business?

This week’s video will give you the blueprint for how to do just that!

ALSO, you’ll get a FREE guide (read blueprint) with benchmarks and construction industry standards that will show you how to use your profit & loss and balance sheet as a powerful management tool and get more control over your profits and cash flow!

building a more profitable contracting business

Have you ever wondered what your competition is making in profits? Do you ever wish you had a better way of measuring the financial success of your contracting business?

This week’s video will give you those answers and show you how to use your profit and loss statement as a powerful tool to build a more profitable contracting business.

ALSO, you’ll get a FREE guide with benchmarks and construction industry standards that will show you how to use your profit & loss and balance sheet as a powerful management tool.

This is a unique opportunity to get insight into how to build a more profitable contracting business – so don’t miss out!

Get your FREE Financial Benchmark Guide for contractors.  In this guide, you’ll learn not just how to read your financial reports and use them as a powerful management tool, but also provides benchmarks to compare your results against.

how to set profitability intentions for 2022

In this past year, I’ve seen so many contractors who have reacted to the demand of the remodeling market, worked super hard to keep up the pace, but have not experienced a corresponding increase in their profits.

While the PPP money helped with cash flow, and maybe even still has your bank account looking good, we all know that when that cash runs out, you’ll still have to contend with lagging profits.

So how can you get in control of and be more intentional about the profitability of your contracting business?

 

That’s what today’s video is all about!

If you’re ready to get intentional about your profitability, grab my easy-to-use Budget Goals Worksheet guide to get you started.

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.

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.

the ultimate guide to increasing project profits

This past year has been amazing for the construction industry in terms of the high demand for remodeling and building services.  So why is it then that your gross and net profits are not keeping pace?

While construction is complex in many ways, and lord knows, the supply chain has caused prices to rise, and delivery times to slow, it’s likely those are not the only reasons your profits are lagging.

In today’s video, I show you the key places where profits are made and lost in a contracting business and give you ways to stop the profit bleed and start increasing your bottom line!

Make it a great day!

Warmest,

 

PS. 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 shipping and handling.

Get your FREE Business Health Assessment to find out where your business is bleeding profits!

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