The moment you hire your first project manager, you lose control of your money — unless you've built the systems to track it first.
In part 1 of this two-part series, Clark and James break down the financial foundation every contractor needs before bringing on help. Because the truth is, your employees see money completely differently than you do — and if you can't track your own dollars now, you'll never be able to hold someone else accountable to them.
They cover:
- Why your project managers treat money as a tool, not as profit out of your pocket
- How hiring exposes every financial leak you've been ignoring
- The real cost of "I'll just eat it" once you're running three crews
- How profit-based raises get your employees bought into your numbers
- The 3 steps to get hire-ready: connect QuickBooks, categorize weekly, lock in work orders
- Why tying every material purchase to a job is the key to real job costing
- How sub agreements and work orders stop cash from leaking out of every job
- The patterns you'll start spotting once your numbers are actually visible
If you've ever finished a job 8% below where you started and couldn't say exactly where it went, this is the episode that fixes it.
Part 2 drops next week — projections, cash flow, and the general manager's accounting worksheet.
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Contractor Cuts is a weekly podcast for contractors who want to build a better business — covering sales, operations, hiring, finances, and everything in between.
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