Is this you?
- You’re charging 25% mark-up on materials and trade partners and $75/hour for your in-house labor (You’re not really sure if that’s enough or how you even came up with it though. You’re not sure what your mark-up should be or how to calculate it.)
- In your estimates, you put $40/hour COST in for each labor hour and then add your mark-up (but you haven’t updated/calculated your actual Employee Labor Burden Cost in over a year – are you even sure that $40/hour cost is correct?)
- You estimated 250 Labor Hours on the project, you added your mark-up, but don’t know how you ACTUALLY did when the project was completed (You’re not paying attention to your Job Costing – you don’t have a simple process set-up to see Expected vs. Actual Gross Profit.)
- If I set your Profit & Loss Statement in front of you and asked you to explain it to me – there would be a lot of “Ummmm” and “I think maybe…” (instead of confidently knowing how to read and understand it.)
- When I ask you what your Annual Overhead Expenses are – you aren’t sure.
- When I ask you what your goal is for Net Profit Margin – you don’t have one set.
- You’ve never set-up an overall Business Budget to help you cast a vision for your financial goals and plans for the year.
- You know you need to understand the difference between Mark-up & Margin – but it’s always been confusing and elusive.
My friend, I don’t share all of these examples to frustrate or stress you out.
I’m sharing them because I’m looking for some remodelers who read what I just wrote
And then raise their hand and say,
“Kyle, you’re talking about me in several of those examples. I’m going to sign-up for your course so that you can help me make more money and feel in control of my numbers.”
I have a limited availability training that starts on April 21st and it’s all about helping you gain confidence and clarity around your numbers, so you can make MORE money in your remodeling business.
Don’t Miss out – Act Now to Reserve Your Spot:
Full details and sign-up can be found here.