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🚨 This Is What You Missed in Last Week’s Training: The 3 Biggest Mistakes That Quietly Kill Contractor Profits
Most contractors think: More jobs = more profit. That’s the lie. In last week´s training, we broke down the 3 mistakes that slowly destroy margins, burn you out, and keep you stuck on the tools. Here’s what actually kills profit 👇 1️⃣ Taking Every Job Chasing every opportunity spreads you thin.Chaos isn’t growth.Over 60% of small contractors report burnout from overextending. 2️⃣ Poor Job Costing If you don’t know your variance (estimated vs actual), you’re guessing. Contractors who track weekly are 2x more likely to hit profit targets. 3️⃣ Saying Yes to Bad-Fit Customers Wrong jobs = wrong stress.47% say bad-fit jobs caused major headaches last year.The most profitable word in business?No. One 10% discount means you now need 33% more work to make the same money. Let that sink in. Your business should be boring. Repeatable. Predictable. Profitable. If it feels chaotic, that’s a systems problem. 👇 Drop “PROFIT” and I’ll send you the job costing sheets and SOP mentioned on the call
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Stop Competing on Price (and Start Getting Paid What You’re Worth)
Most contractors think the way to win more jobs is to be cheaper. That belief is quietly killing your margins. This week, we broke down why price objections are rarely about price; they’re about trust, clarity, and confidence. Here’s the hard truth I see every day coaching contractors: 👉 When you compete on price, you attract stress. 👉 When you sell value, you attract better clients .👉 Discounts don’t fix broken offers. Here’s what actually matters (and why most contractors miss it): - Low price = low trust (72% of homeowners associate cheap with low quality) - Discounting 10% means you need 33% more work to make the same money - Specialists get paid more because they’re easier to trust 🔥 Carson’s story hit hard: A homeowner kept saying she wanted something “cheap.” Carson almost discounted... but didn’t. He sent the estimate at full price. Her reply? “This is cheaper than I expected.” She paid immediately. Later, she chose the higher-end materials anyway. 📝Lesson: Your version of “cheap” is not your customer’s. Don’t project your money beliefs. And don’t mess with the money. If you can’t clearly explain who you serve, what problem you solve, and why you’re different, you don’t have a sales problem. You have an offer problem.
These the only TOOLS” that actually grow a contracting business🧰
Most contractors think better tools mean better saws, trucks, or equipment. That’s the myth. The tools that actually grow your business are systems. Here’s what it’s costing you to not have them: - missed calls and follow-ups - disorganized crews and delays - profit leaking on “busy” jobs - long hours with little to show for it - Essential tools every contractor must use: ✅ Job costing (know estimated vs actual—no guessing) ✅ One central system for jobs, schedules, and tasks ✅ A quoting + follow-up system (most estimating is data entry) ✅ A simple weekly dashboard (cash, AR, sales, payroll) If everything lives in your head, you are the bottleneck. 📌Quick wins this week: 1. Put every job’s info in one place 2. List 5 admin tasks to get off your plate 3. Track a few key numbers so decisions aren’t emotional Systems first. Delegation second. Clarity third.That alone can buy you back hours—and control—fast.
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Your contract isn’t “paperwork”… it’s your profit shield. 🛡️
If you treat contracts like a formality, don’t be shocked when you get: - change orders refused - payments delayed “because they’re unhappy.” - scope creep that eats your margin - a job you can’t stop without “breach” threats Here’s the truth: contracts are leverage. They’re tools to prevent disputes, not “deal with them later.” ✅ The Do’s of Contract Negotiation (profit-protecting): - Pre-negotiate scope + exclusions (what’s NOT included) - Put a clear change order process in writing (approved BEFORE work) - Add payment triggers tied to milestones (cash flow + clarity) - Include right-to-stop-work for non-payment - Add late fees + interest + collection costs (so stalling hurts them) -Protect yourself with clauses like: photos/marketing use, warranties, site readiness 🚫The Don’ts (that get contractors crushed): - Don’t rely on verbal approvals -Don’t use vague language (“as needed”, “to be decided”) - Don’t leave a big balance to the end “to build trust” -Don’t blindly sign THEIR contract (especially “paid when paid”) One contractor lost $12K on a $65K job because “what wasn’t included” wasn’t written down. Quick Win for your next proposal: ➡️ Add a “What’s Included / What’s Not Included” section ➡️ Require written change order approval by email BEFORE work starts ➡️ Add a 3% late payment fee after 15 days
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The 5 Profit Moves Contractors Need to Make This Week
If you’re slammed with work but your bank account still looks broke… you’ve got a profit leak, not a lead problem. Here’s what’s usually happening: - You’re not job costing, so you don’t see margin bleeding until tax time - You’re marking up wrong (markup ≠ margin) - You’re letting change orders slide (then “hoping” you get paid later) - You’re billing too late and floating the job with your own cash - You’re winning too many jobs… because you’re pricing too low 3 Profit Rules to start using THIS week: ✅ Quote for a real margin (stop guessing) ✅ Bill change orders immediately (and price them higher) ✅ Review job profit weekly (15–45 min… non-negotiable) If you want to stop running your business blind and actually keep money after jobs… comment “PROFIT” and I’ll send you the job costing tool + the margin rule checklist. 👇
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