Reece sits down with Russ Stephens, co-founder of the Association of Professional Builders, to talk about why so many builders look successful on paper but still miss the profit sitting inside their business. Russ breaks down work in progress, pricing, overhead, owner pay, and the danger of chasing bigger jobs without understanding what they actually cost.

This episode covers how builders can stop guessing at margins, price from true break even, stay focused on the right type of work, and build a company that is worth something beyond the owner’s daily grind.

To get a free business valuation report from Russ Stephens and APB visit:
https://hubs.ly/Q04jQvzl0

Register for the webinar here: https://us06web.zoom.us/webinar/register/2517803406883/WN_i02wixcGTJSDljlo4uCRsQ#/registration

Show Notes:
00:00 Show Intro
01:10 Meet Russ Stephens
04:14 Know Your Numbers
05:42 Revenue Versus Profit
08:08 Profit Starts Early
10:54 Understanding WIP
16:44 Front Loading Jobs
19:33 Pricing For Net
23:40 Net Profit Webinar
25:42 Owner Versus Employer
28:02 Stay In Your Lane
31:20 Remodeling To New Homes
34:56 Business Valuations
39:17 Build Value Now

Find Our Hosts:
Reece Barnes
Matt Calvano

Podcast  Produced By:
Motif Media