Episode Details
Back to Episodes2388: 5 Ways To Get Net Profits to 15 Percent
Episode 2388
Published 3 months, 3 weeks ago
Description
If your contracting business is generating $5M–$15M a year but netting 10% or less, you don't have a lead problem — you have a math problem. In this episode, Rich breaks down 6 proven strategies to engineer your net profit to 15% or better: raise prices, pursue higher-end work, cut wasteful expenses, build a repeat and referral system, invest in brand farming, and leverage financing as a price support tool.