Episode
236
Tue, 27 Feb 2024 09:00:00 +0000
Do you want to make more money in your contracting business?
Then I’d like you to have my free ”Profit Pack”.
It contains five powerful documents for boosting your profitability.
Now, using these tools will require a bit of effort. It's self-directed work.
Think of it like a workout plan for your business.
I won't be looking over your shoulder, but I'm here to support you whenever you need assistance. Whether you go through it solo or with a partner, these documents can be a game-changer.
If that’s all you need to know you can just text me “Profit Pack” at 315-903-7853 and I’ll send it right over.
Curious about what's inside the Profit Pack?
Stick around, and I'll walk you through the tools and documents inside.
It's easy to feel stuck year after year.
You've done various projects and changed some team members, but the same issues persist.
You want to grow, but the path forward seems unclear, and frustration sets in.
Many contractors feel the same way…
This brings us to the first tool in the Profit Pack – the Construction Business Reality Check.
It's 20 simple questions, each requiring a score from one to five. A score of one means a weakness, and a five means strength. No fancy words, no dressing things up – just a straightforward self-assessment.
You can ignore issues or confront them.
Tackle them head-on, and gain the clarity needed to take the next step.
The second tool in the Profit Pack is your Ultimate Getting Thing Under Control guide.
As I compiled this guide, I couldn't help but recall the struggles shared by countless contractors…
"It feels like half my time is driving to the supplier to get stuff for the job site that should have been known about and done the day before."
"Work isn't the problem. I can't find enough good people."
"I can't afford to lose a day, so I'm always racing through town to meet subs or crews to keep the project on schedule."
"How come my guys can't work on their own? I get pulled back on the tools, even though I also have to sell and estimate more projects and do payroll."
"Seriously, if the phone isn't ringing, I'm getting texts."
"I keep missing my son's practices because I'm on a job site."
"We bought a boat last year. But we just don't get the time to go out on the water."
If any of these scenarios resonate with you, this guide is tailor-made to address your concerns.
The guide delves into five crucial sections: Time, Team, Money, Stress Reduction, and a bonus section with additional insights.
Each section is designed to provide practical tips and strategies to help you regain control of your construction business.
The guide isn't just about ticking boxes; it's about real stories, real people, and real solutions.
While the previous tool focused on facts and scores, this one brings in the storytelling element – think of it as "Storytime with Dom."
Remember, all these tools are part of the Profit Pack, ready to accelerate your journey to business success. If you're ready to dive in, simply text me at 315-903-7853 with the keyword "Profit Pack."
This particular tool has been making waves with the listeners of The Profit Toolbelt.
In the face of recession talks, contractors are realizing the power of taking things into their own hands.
The planner is condensed into a concise five pages.
It guides you through a transformative process of measuring your health, wealth, and wisdom against the backdrop of personal, family, and business goals.
Again the beauty lies in its simplicity – it allows you to fill in measurable goals, providing a clear roadmap for progress.
It's not lengthy, but its impact is massive.
If you haven't explored it yet, now's the perfect time.
The fourth powerful tool within the Profit Pack is the "Calculate My Revenue Responsibility Per Hour" exercise.
This will give a mindset shift crucial for any business owner leading a contracting enterprise, whether it's decks, pergolas, roofing, or general contracting.
You need to realize that your responsibility to the company goes beyond the hourly rate you charge for your technical services.
Let's break it down with some easy math.
Imagine you're running a million-dollar company and working a standard 2,000 hours a year.
This equates to 40 hours a week, five days a week. Now, when you divide your revenue by the total hours worked, your revenue responsibility per hour amounts to $500.
What does this mean? Essentially, you're accountable for generating $500 of value for your business every working hour.
That means you can’t afford to be on tools if you can hire someone to do it for $50/h.
Calculating your revenue responsibility is about understanding the value of your time and ensuring others recognize and respect it.
Now, let's explore the final tool within the Profit Pack – the Go-Back Calculator.
"Go-backs" are a headache. Sending your team back to rectify issues on a project not only consumes time but often raises the question: What's the real cost of these revisits?
The Go Back Calculator helps you to quantify the value of getting the job done right the first time.
Gain insights that go beyond the surface, enabling you to minimize go-backs, enhance efficiency, and, ultimately, bolster your bottom line.
Each tool in the Profit Pack is a stand-alone.
Whether it takes you two weeks or two months to fill in these resources, the crucial step is that you take it.
Keep in mind two months is faster than NEVER - which is exactly when your competitors will fill these in. Never.
You, on the other hand, are moving forward, one step at a time, gradually distancing yourself from the pack and boosting profits.
To claim your Profit Pack, send a simple text with "Profit Pack" to 315-903-7853.
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