Fact: A company budget is a detailed analytic representation of how and when a company expects to spend money, within a specific time period. It’s crucial to know exactly where your money is going, and what it’s going to. It’s safe to say that in business, you have to spend money to make money. But […]
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Fact: most small business owners don’t have a budget. That’s a big problem. At the first Certified Contractors Network meeting I ever attended I literally felt like the dumbest guy in the room. Why? Because I was one of the thousands of small business owners that was operating without a budget for my business. Now […]
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If the recent recession has taught us anything, it’s that selling as much as possible, to as many customers as possible, is not a sustainable profit. What really increases a company’s profit margin is focusing on their best customers, products, and services as well as meeting profit targets and building a strong-steady customer base. So, […]
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Is your company’s profit stagnant? If so, one of the best ways to overcome a profit plateau is smart budgeting. Consistently calculating your gross profit keeps your company on track, financially. You’ll be surprised how a little bit of intentionality can go a long way! Budgeting can be intimidating. Most contractors we meet have stumbled […]
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No business owner is looking to keep company revenue at a stand still though, for many contractors, it’s an all too familiar story. In order for a business’s annual revenue to be boosted, sales must be boosted. Read below for a compilation of some of our best tips and tricks to turn a lead into […]
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Do you want to make more money? Of course you do. Or else you wouldn’t be reading this post. You say you’re doing okay for yourself but you’ve always wondered what’s holding you back from that bigger paycheck. Contractors love anything money or profitability related. You didn’t become a contractor just to play with cool […]
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Did your company make amazing money last year, but yet you still saw a small drop in profits? Your books told you your revenue was just north of $2M. Most contractors would be satisfied with those numbers, except, as a smart businessman and owner, you checked the previous year’s books and notice your revenue was […]
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As a contractor, being busy in the construction industry is a great problem. Being busy means you’re making money and becoming more profitable. But, as an owner, you sometimes get stuck wearing a lot of hats and juggling a lot of problems. While juggling said problems, it’s easy to lose focus on actually growing your […]
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It’s your business, your livelihood, and what you focus on every day: your bottom line. If you’re like most contractors, you’d like to increase your bottom line. How is that accomplished? By making more money and becoming more profitable. So the next question is, how do you make more money and become more profitable? The […]
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