Have you ever wondered how can you carry suppliers' hikes over to your customer without making them mad and losing them

Today, we are going to be talking about price increases and how to address them from the supplier's and customers' perspectives.

Whether it’s about being willing to tell your clients about prices hikes so that you don’t lose profits.

Or understanding that your suppliers are not out to get you and could be powerful business partners instead… 

Most contractors are not aware of how fluctuating markets work, so today we are going to cover some of the tactics to make sure we are always protected when conducting business deals. 

So today, Our Coach & COO Jay Carter and I are gonna go all-in on how to leverage the current supplier price increases to your advantage and , why you shouldn’t be afraid to tell your clients about these conditions.

As well as the importance of making sure it’s all on the table before a job is greenlit and even how you can leverage these “setbacks” to become more profitable.

As a plus, we’ll also be talking about how to strengthen the current relationship you have with your suppliers and why it’s a move you should’ve made long ago!

Remember the more people you have on your side, the better!

We hope you enjoy this episode, and we’ll see you on the flip side!

Times are changing, this means that if you wanna scale you’re gonna have to take some risks, either you get on board with technology bringing your SOPs to life in a practical way or your competition will do it first and leave you behind.

A lot of contractors have been in business for a long time, so with that old school mindset, they fail to see just how not having a systemized business and a process to make sure their success is standard and REPEATABLE is leaving them broke and stressed.

(Spoiler alert, this is NOT what running a business looks like)

 So today we’ve brought on our process expert Layla Pomper to tell you all about the benefits  of getting a process for ALL your day to day tasks and even your onboarding, how it’ll reduce your stress, increase your productivity and why it’s not as hard as it looks like

On the side, our very own tech expert Jay Carter who also runs a contracting company on the side, will elaborate on how getting a process has helped him step back and focus on his personal growth while enjoying his profits!

Building a long-lasting company to pay for your freedom is not about hustle, it’s about practicality, so stop being afraid of taking the next step and start working on your future!  We hope you enjoy this episode and we’ll see you guys on the flip side.

This week we’ve got rockstar former struggling contractor Adam Johnson on the hot seat.

He went from running a broke business with no systems, no accountant, doing zero job costing, and working 40 hours a week to leveraging his position as a CEO and building a 7-Fig Contracting Business [and completely rearrange his schedule to prioritize his family while still making MORE MONEY THAN EVER].

What changed? Tune in to find out and take a deep dive with us into why structure and systems could be the backbone of your company’s future!   Listen up and take note of our rundown of everything you need to optimize (from marketing to time management and learning your numbers) and why most of that information is more readily available than you think .

Are YOU brave enough to ask for help and build a 7 FIGURE BUSINESS of your own?

Start working on the right things!  Hope you enjoy this EP and I’ll see you in the flip.

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Full episode available to listen on:

Apple Podcast

https://podcasts.apple.com/us/podcast/the-profit-for-contractors-podcast/id1504320346

Spotify:

https://anchor.fm/profitforcontractors

Contractors require a very specific approach to accounting and that’s why most tradies turned business owners struggle to understand their financials, so this week  Leeroy Beeby from Check The Level and I are taking a deep dive into HOW TO PRICE YOUR JOBS PROFITABLY, as well as going into detail about how to leverage a healthy cashflow and make sure that you’re not pricing yourself out of business BECAUSE you’re not making the most of your data!

Have you been leveraging your information correctly?

Tune in and find out about the specific necessities of accounting within the trades that you might’ve overlooked and exactly how they might be bringing your growth down.

As someone who’s been in business for 20+ years, I can tell you there’s never been more information on what we need than there is today, so dare to raise your hand and get the help.

EVERYBODY needs to be surrounded by professionals, trying to do everything at once will weigh down your business’s productivity and generate the wrong data for you.

Stop leaning on guesswork and take notes!  Hope you enjoy this episode and we’ll see you in the flip!

Make sure you're subscribed to get the latest teachings and insights.

Join Our FB Group (9500+ members)

https://www.facebook.com/groups/498934880541178/

Follow Us On Instagram

https://www.instagram.com/profitforcontractors/

Full episode available to listen on: Apple Podcast

https://podcasts.apple.com/us/podcast/the-profit-for-contractors-podcast/id1504320346

Spotify:

https://anchor.fm/profitforcontractors

Bad reviews happen to everyone, even the best of clients can have their wires crossed one day and leave you wondering how a 1-star review or an angry comment rant got to your yelp or google wall.

Bad reviews happen to everyone, even the best of clients can have their wires crossed one day and leave you wondering how a 1-star review or an angry comment rant got to your yelp or google wall.   If they’re not consistent, then it means this is not about quality or delivery but rather simple odds, to some extent, if your company makes an effort to deliver the best service you can, you probably know that as a CEO, but it doesn’t make this situation any less frustrating to deal with.

So we figured we’d lend you a crutch and remind you how you SHOULD and SHOULD NOT strive to act in this situation.

Take the right posture to protect your contracting business and make sure you have all the documentation in order to protect yourself! Don’t let bad reviews get you down and nip the situation in the bud ASAP, we promise it’s doable!

Join Our FB Group (9500+ members)

https://www.facebook.com/groups/498934880541178/

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Full episode available to listen on:

Apple Podcast 

https://podcasts.apple.com/us/podcast/the-profit-for-contractors-podcast/id1504320346

Today I’ve got Corey and Isaac, from the app Busy Busy with me, and together along with my partner Liam, we’ll take a look at the interesting phenomenon that’s weighting most successful contractors down...

Unsuccessful or non-existing data and time tracking in their company.

Looking at the trends that are happening in your business to either be able to exploit the good or weed out the bad is CRUCIAL but you’re not a machine, so maybe it’s time you start relying on one and take your business to the next level along with you!

Why are the trades 10 to 20 years behind in the technology department?

Why is leaving the low-tech CEO mindset behind the only way to top your competition?

ABOUT THE APP

Built by a former tradie, Busybusy is the top-rated GPS time clock for field employees, with time tracking built for construction and other remote worker industries. Perfect for CEOs who do frequent business with subcontractors or any other employee with an hourly payment!

To claim your 20% discount for the first 12 months here: https://bit.ly/PFC_busybusy_podcast 

ABOUT THE GUEST

Isaac is originally from Northern Utah. He has over 20 years of experience in Construction Management. Isaac has spent 10 years in the technology industry developing Busybusy. His passion for systems and processes fueled his entrepreneurial drive. He saw the need to help with the primary responsibilities business owners face through technology and systemization. He is actively engaged in educating the industry and has been a featured speaker at many events on the value of adopting culture and technology in the construction industry.

Make sure you're subscribed to get the latest teachings and insights.

Join Our FB Group (9500+ members)

https://www.facebook.com/groups/498934880541178/ 

Follow Us On Instagram

https://www.instagram.com/profitforcontractors/ 

Full episode available to listen on: 

Apple Podcast

https://podcasts.apple.com/us/podcast/the-profit-for-contractors-podcast/id1504320346

Spotify

https://anchor.fm/profitforcontractors

Go to www.profitforcontractors.com/jobs/ to learn more and take your career TO THE NEXT LEVEL.

We are growing and we want you to be part of our success!

This is a bit of a different Podcast, normally we’re here giving you guys tactics and strategies, but today we’re out to practice what we preach and use our biggest platform for a very important and SUPER exciting announcement!

PFC has been growing and expanding so fast globally that we're now on the lookout for successful business owners who want to take the next step and explore the human-to human element of teaching what they have learned to others.

Maybe you’re already a coach or you’re seeking to become one, but the bottom line is: If you’re looking for a positive feedback loop that will make your perspective as a CEO grow twice its size while also giving you a chance to make other contractors' lives better, we might have the opportunity for you!

The PFC family is focused on giving you new ways to interpret strategy, using our available tools and resources to help you grow as a professional all the while fostering a company culture and connections with coaches and contractors from all around the world that will be readily available to help you scale on this new path. 

Do you have what we’re looking for? 👇

The ideal candidate for this role   

-Takes ownership/accountability for their results and the results of clients 

-Can hold others accountable to their goals and responsibilities.   

-Communicates effectively with clients and team members. 

-Thrives when working autonomously. 

-Goes above and beyond to help clients make big wins and take their business to new levels.  

 If you resonate with everything above and just thinking about being in this job gets you excited, apply today!

Get ready to rock the house because THIS ONE IS SPECIAL, The No Bullshit Podcast For Contractors has officially hit its 104th episode this week and we wanted to make it all about you!

So we’ve compiled our “Top 10 Commandments” for a contractor turned business owner in the form of our top 10 episode clips! Full of advice, tactics, and strategies that you can start to apply as soon as you’re done listening to take your contracting business to the next level!

Thank you to all of those who have been with us since the beginning or joined us on the way! My dream is that in some form or fashion this Podcast will help you get the information that you need to delegate, dominate, deliver and finally pay for your freedom!

More to come! Hope you enjoy this episode and I’ll see you on the flip side.

You are a kickass tradesman, but you're not a lawyer, so since the best way to live is surrounding yourself with experts when you're not an expert yourself, I've brought on our rockstar and construction lawyer Kayla Kwinter to answer all the must-knows of legal matters that could affect a contractor in the course of his career.

Most tradesmen don't know where to start when it comes to these matters and often find themselves left out in the cold with their profits and businesses on the line when a legal dispute seems to hit out of nowhere.

What can you do in the worst-case scenario, and most importantly, how do you avoid it in the first place?  Settle in and join us in this accessible rundown of the steps you should take to protect your business, your clients, and yourself as you set your company up for success!

We'll be taking a look at some of the most important legal processes to take as a business owner from a lens SPECIALIZED IN CONSTRUCTION as well as explaining some of the biggest burning questions you might've been too afraid to ask in the past!

ABOUT THE GUEST:

Kayla Kwinter is a partner at Torkin Manes LLP in Toronto, Ontario. Kayla is a lawyer, specializing in construction law, helping contractors with the preparation of construction contracts and resolution of disputes.

Make sure you're subscribed to get the latest teachings and insights.

Join Our FB Group (9500+ members)

https://www.facebook.com/groups/498934880541178/

Follow Us On Instagram

https://www.instagram.com/profitforcontractors/

Full episode available to listen on:

Apple Podcast https://podcasts.apple.com/us/podcast/the-profit-for-contractors-podcast/id1504320346

For today’s podcast, award-winning author Jade Green and I are coming to rock your world taking the time to discuss and answer the decades-old question: WHY DO ALL MY EMPLOYEES KEEP LEAVING ME?

As we take a look at how the old industrial model is affecting the trades today and exactly why it’s so important for business owners to adapt to the times before their passion project goes under.

Building an A-team is not impossible even in the midst of a hiring epidemic, but to do that you’ve got to keep them happy and thriving. So is there a chance you’re working on an outdated model and in desperate need of a 180 MINDSET SHIFT?

Have you got what it takes to become a KICKASS BUSINESS OWNER?

ABOUT THE GUEST:

Jade Green is an internationally award-winning entrepreneur, rule breaker, and Reverse Engineering Strategist. Jade helps you to discover the tools to scale your business without the stress by building your Kick-Ass Team, Hiring Heroes, and Cultivating Flow State.