EPISODE 215: Many home improvement businesses manage to achieve high revenue but the owners are still not reaping the benefits. This happens because, more often than not, they make much lower profit margins than they COULD be making.

In an attempt to compensate for this, we end up working endless hours FOR our business each week, often sacrificing our health, mental wellbeing, and time with our family.

I know this because I’ve made these same mistakes before, and only by changing the way I worked and thought about my business was I able to turn things around.

And in this week’s episode of The Wealthy Contractor podcast, I’ve decided to share with you my 7-step guide to do the same for your business.

Tune in as I discuss how you can reverse-engineer a business model that generates wealth and freedom for you, the importance of setting up clear personal and professional goals as a business owner, the concept of “who not how”, and why you should focus on profit margins over top-line revenue.

I’ll also be talking about the importance of accountability in business, why you should work on your mindset more, and why you have to always begin with the end in mind.

Are you ready for this?

Tune in now to learn more.

Key Takeaways:

Introduction (00:00)

The industry’s dirty secret (04:16)

The seven steps to become profitable (05:41)

Clarity of outcome (06:55)

“Profitability instead of revenue” is a must! (10:30)

Convert your plan into a scorecard (14:35)

Why accountability matters (16:45)

Don’t allow others to dictate your schedule (20:48)

Focus on progress (24:57)

Eliminate roadblocks (26:36)

Never stop working on yourself (28:41)

Additional Resources:

⚡ Register for The Profit Workshop 2024: https://www.TheWealthyContractor.com/Profit

⚡ Learn more about The Wealthy Contractor Success Society: https://www.TheWealthyContractor.com/SuccessSociety

⚡ Brian’s book, The 7 Secrets To Becoming A Wealthy Contractor, is now available. Visit https://www.TheWealthyContractor.com/ for a free copy (just pay shipping).

⚡ Follow us on social media:

Facebook: https://www.facebook.com/TheWealthyContractor

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LinkedIn: https://www.linkedin.com/company/TheWealthyContractor/

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The Wealthy Contractor is a podcast for home improvement professionals who want to grow their business, work less, and make more money. Follow us for more!