209 – Driving More Profit From Your Project

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Part Three – Driving More Profit From Your Project

Series: 3 Steps on Taking Your Business from ‘Chaos’ to ‘Control’ 
Guest: Marti Amos from The Professional Builder

Now that you have targeted the right audience and turned them into paying customers through effective marketing techniques, it’s time to drive more profit from your project! This will be a revelation for anyone who feels like they’re losing money on jobs.

How do you maintain your business and run it as efficiently as possible? This topic indeed might seem overwhelming because it already involves internal business aspects (ever thought of unnecessary business expenses?) and continuous customer interaction. The secret, however, will be broken down into manageable steps in this episode.

If you are interested in driving more sales and profits, then you’ll like these podcasts as well:

  • TSS207 – How To Get Booked Out – [LINK]
  • TSS198 – Maximising Gross Profit In Your Business – [LINK]
  • TSS196 – Structuring Your Company For Maximum Productivity – [LINK]
  • TSS019 – Pricing For Profit – [LINK]

About this podcast, ‘Driving More Profit From Your Project’

Podcast Highlights:

  • 06:07 – Three aspects of driving more profit
  • 08:49 – Labor productivity
  • 13:33 – Cost forecasting
  • 14:55 – Cash flow forecast
  • 16:45 – Dealing with numbers and improvements

In the final episode of this series, you will learn how to manage internal business expenses, maintain and maximize employee productivity, and proper business cost forecasting. The secret to driving more revenue is understanding numbers. These numbers will tell a story—a story of what is not working and what suits well with the company.

Driving more profits is more than just generating more leads and sales. The general rule is it lies with labour productivity and budget allocation. Reporting and forecasting would tell you what’s working and what’s wrong with your business. Marti lays down all the techniques he uses for this.

If you enjoyed this podcast and this series, please take 5 to leave us a review:

Marti and the team have left you a handful of awesome resources too. Go get them!

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Great work Matt with all the podcasts and the site shed facebook community group. The amount of information that you can learn for free in this space is unbelieveable. It's great to see like minded contractors and trades trying to improve their businesses and also share ideas and help others. Highly recommend. Thanks!

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