Contractor Cuts

Maximizing Profit: How To Pay Labor and Buying vs Renting Equipment


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Get ready to plug those 'leaky buckets' in your business that are draining your profitability. We're taking a deep dive into the world of contracting, sharing insights and strategies to maximize your earnings, and optimize labor costs. From uncovering those invisible overhead expenses to ensuring you get compensated for all your valuable labor, including the often overlooked 'extras', we leave no stone unturned in your pursuit of a thriving contracting business.

Ever wondered about the real costs of having an in-house handyman? We discuss the concealed expenses and how to accurately budget for them. Plus, we debunk common misconceptions about cost-cutting and shed light on the pitfalls of solo ventures. If you've been underestimating your labor costs or struggling to balance efficiency and growth, this episode is your blueprint for success.

Moving from on-staff laborers to 1099 contractors can be a game-changer. We'll guide you through this transition, helping you identify the underperformers and cultivate loyalty among your contractors. And if you've been torn between buying or renting equipment, we lay out the cost-benefit analysis, revealing the hidden expenses and crucial factors to consider. Make sure you're at least using the equipment two to three days a week to make it financially viable. Get ready for some enlightening discussions that could revolutionize the way you run your contracting business.

Looking to take your business to the next level? ProStruct360 has everything you need to succeed! From cutting-edge software and training, to expert coaching and guidance, we've got you covered. Visit our website to explore our offerings and see the full videos of our podcast series. At ProStruct360.com, you'll find the tools and resources you need to grow your business, improve your skills and achieve your goals. Don't wait, check us out now!

Join us January 11–13 in Nashville for the Chart the Course 2026 Planning Retreat. Sign up now and get three free coaching sessions before the event to finish 2025 strong and hit 2026 with a clear game plan. At the retreat, you’ll tackle systems, hiring, marketing, and leadership alongside ambitious contractors, leaving with a blueprint for growth. Spots are limited—visit prostruct360.com to learn more!

Have a question or an idea to improve the podcast?
Email us at [email protected]

Want to learn more about our software or coaching?
Visit our website at ProStruct360.com

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Contractor CutsBy ProStruct360

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