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The Secret to Calculating True Billable Hours for Contractors with Ruth King
Manage episode 458791049 series 3585594
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Welcome to the Service Business Mastery Podcast!
Visit our website for more episodes and insights! www.servicebusinessmastery.com
In this insightful episode, hosts Tersh Blissett and Joshua Crouch are joined by financial expert Ruth King to tackle one of the most pressing challenges for contractors: mastering the financial side of their business. Ruth, an accomplished author, speaker, and advisor, shares practical strategies to improve profitability, manage overhead, and avoid common mistakes that can cost your business dearly.
If you’ve ever struggled to understand your finances or wondered how to make your business more profitable, this episode is for you. Ruth provides clear, actionable advice that you can implement immediately to start seeing results.
She also provides a two-day, on-site training program “Building Profit and Wealth School”.
Register Now: https://keap.page/rk139/building-profit-and-wealth.html
In this episode, here's what you can expect to learn:
Why billable hours are the cornerstone of revenue generation for contractors.
How to avoid the most common financial mistakes that could cost your business thousands.
The role of inventory management in boosting business valuation and ensuring accurate financial reporting.
Practical tips for calculating overhead costs and net profit per billable hour.
How to design a maintenance program that is profitable and sustainable.
If you enjoy the episode, please don’t hesitate to leave us a review (5 stars preferably 😉)
Links & References:
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Website:
This episode is kindly sponsored by:
CompanyCam Visit CompanyCam and use code SBM for a free 2-week trial, 1:1 training and account setup, and 50% off your first two months!
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Join the Service Business Mastery Facebook group for more updates!
Visit our website: www.servicebusinessmastery.com
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