I'm The Gaffer

Why Small Contractors Keep Losing Money on Jobs | Roy Coughlan


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Welcome to a new episode of I’m The Gaffer 👷‍♂️

If you're a construction business owner who only checks your numbers once a year with your accountant — you're running your company blind and it's costing you real money.

In this episode, Roy Coughlan, entrepreneur and host of multiple top-charting podcasts, breaks down why most contractors lose money not because of lack of work — but because they don't control their numbers, systems, and pricing.

You’ll learn:

  • Why guessing job prices can wipe out your profits
  • The simple financial systems many contractors still ignore
  • Why no one cares about your money more than you
  • How contractors miss valuable tax deductions
  • The 80/20 rule of AI and how it applies to business
  • How AI can help with contracts, pricing, and marketing
  • Why contractors who adopt AI early will gain an advantage

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🎯 Episode Highlights (Timestamps / Chapters)

00:00 Introduction

02:30 Roy Coughlan’s background and entrepreneurial journey

06:15 Why contractors miss tax deductions

08:26 Why many contractors guess job pricing

10:53 How one badly priced job can wipe out profits

12:53 How AI can create contracts and estimates in minutes

16:11 The 80/20 rule when using AI

17:08 Using AI for marketing and business growth

18:02 Why AI will improve jobs rather than replace them

19:41 From construction to podcasting

21:44 How Roy built a podcast coaching business

23:06 Why podcasting is underrated for business growth

26:05 What makes a podcast successful

26:42 Why promoting in the wrong places doesn’t work

27:23 Using YouTube and AI tools to grow an audience

28:55 Why targeting the right audience matters

30:10 Marketing lessons for contractors

31:57 Roy on property, business models and entrepreneurship

33:06 Roy’s virtual assistant business explained

34:40 Fiverr, Upwork and building long-term relationships

39:18 Roy’s advice on hiring and working with contractors

40:06 Why construction doesn’t have to be your only path

41:29 Knowing when it’s time to change direction

43:30 Roy’s advice to entrepreneurs

44:26 What Roy would do differently in life

45:00 Roy’s favourite book

45:45 Roy’s favourite destination

46:41 A surprising fact about Roy

47:13 Where to connect with Roy

48:00 Final message to listeners

48:18 Episode wrap-up

Connect with Roy Coughlan

Website

https://roycoughlan.com/

LinkedIn

https://www.linkedin.com/in/roycoughlan

About the Podcast

I’m The Gaffer, hosted by construction professional Gavin Coyle, brings together industry leaders, entrepreneurs, and experts to share real insights on leadership, growth, and success in the construction industry.

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Apple Podcasts

https://bit.ly/ImTheGaffer

Spotify

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YouTube

https://www.youtube.com/@imthegafferpodcast

Website

https://www.imthegaffer.com

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I'm The GafferBy Gavin Coyle