Most contractors know their revenue and almost none know their margin by job. This is where we cover job costing systems, overhead allocation, break-even analysis and the reporting that tells you which work to bid more of and which to walk away from.
That’s one of the fastest ways to stay busy and still go broke. In construction, profit is not a bonus. It’s not greed. And it’s definitely not leftovers. Profit has to be built in
You can be profitable… and still run out of money. That’s where most contractors get blindsided. Here’s why:• You record revenue before getting paid• Cash goes out faster than expe
I call it “well-dressed poverty.” Nice trucks.Busy crews.Big projects. But behind the scenes?Drowning in debt. Here’s the truth most contractors miss: Revenue ≠ profit. More jobs o
Retainage delays.Slow-paying GCs.Material spikes.Seasonal swings. So contractors “float” payroll taxes. That’s where it gets dangerous. If you owe: Under $10k → Usually manageable$
Most contractors obsess over revenue and job profit. Few review their balance sheet monthly. That’s a mistake. Your income statement tells you if you made money.Your balance sheet
You can build anything…but if your numbers aren’t tracked, your business will bleed money and you won’t even know where it’s going. Contractor finances get messy FAST: ✔️ deposits
The IRS just finalized rules tied to SECURE 2.0, and while they sound “retirement-focused,” they matter more to construction business owners than you might think. Here’s what to kn
Use a Section 125 Cafeteria Plan. Employees choose the benefits they want, and pay for them with pre-tax dollars.You save on payroll taxes, and they get more out of their paycheck.
Here are the top ones worth your attention: 1. Stop Paying 40% Taxes When You Don’t Need To Short-term capital gains (selling stocks held <12 months) can get taxed as high as 40.8%
If you’re doing $1M–$5M a year and still feel tight on cash, your income statement is trying to tell you something. Revenue means nothing without margin clarity. Your income statem
Ever finish a big job… look at your bank account… and wonder where the money went? Revenue isn’t the problem for most contractors. Allocation is. Too many construction companies op