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TCF817: 3 Essential KPIs for Contractors with Tom Droste of Estimate Rocket
Contractors are busy running their businesses day-to-day, but taking the time to track key performance indicators (KPIs) is essential for long-term success. In this episode, Tom welcomes Tom Droste, the founder and CEO of Estimate Rocket. They discuss the importance of tracking key performance indicators (KPIs) and the top 3 KPIs that every contractor should be monitoring on a regular basis.
In this episode, they discuss:
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About Estimate Rocket and its role in helping contractors run their businesses efficiently
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The top 3 KPIs every contractor should track – cash, scheduled work, and sales
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How to determine the right numbers to track for your business
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Examples of how Tom tracks KPI
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Using KPI data to make strategic decisions like when to raise prices
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Overcoming hesitation to track KPIs due to not wanting to see bad news
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About Tom's presentation at the Mile High Profit Summit 2023
Download the "What If" spreadsheet at https://www.estimaterocket.com/whatifdownload
Resources:
== Estimate Rocket: https://www.estimaterocket.com/
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