The Contractor Fight with Tom Reber

See what needs your attention in your contracting business: https://bit.ly/BuildABusinessWorthHaving_cf1 Contractor finances are about more than revenue. You can run a $2 million, $5 million, or even $10 million contracting business and still not know if you’re actually making money. Revenue tells you how big your business is. It doesn’t tell you how healthy it is. In this episode, Tom Reber breaks down the 6 numbers every contractor needs to know to understand the financial health of their business: revenue, gross profit, overhead, net profit, cash flow, and owner’s compensation. These numbers show you what your work is actually producing, what it costs to run the company, how much profit is left, whether you have enough cash to cover what’s due, and what the business is ultimately producing for you. If you want to get control of your contractor finances, you don’t need to become an accountant. You need to understand your numbers well enough to make better decisions. In this episode: The 6 financial numbers every contractor should know Why revenue alone doesn’t tell you whether your contracting business is healthy How gross profit shows what your jobs are actually producing Why Tom pushes contractors to bid at a minimum 50% gross profit How overhead affects what your business needs to produce every day Why more revenue doesn’t automatically mean more profit The difference between net profit and cash flow How accounts receivable can leave a profitable contracting business short on cash Why owner’s compensation matters when measuring what the business actually produces for you Chapters: 00:00 — Contractor finances: Is your business healthy? 00:43 — #1: Revenue 01:36 — #2: Gross profit 02:44 — Build a Business Worth Having Scorecard 03:09 — #3: Overhead 04:00 — #4: Net profit 05:18 — #5: Cash flow 06:04 — #6: Owner’s compensation 06:56 — How the 6 financial numbers work together 07:44 — Find the number you don’t know Your challenge: Pull your P&L and your receivables and find all six numbers: Revenue. Gross profit. Overhead. Net profit. Cash flow. Owner’s compensation. If there’s one you can’t answer, start there. You can’t make good decisions with numbers you don’t know. Getting control of your contractor finances doesn’t mean becoming an accountant. It means understanding your company well enough to know what the business is actually producing for you. Take the free Build a Business Worth Having Scorecard to see where your business needs your attention right now: https://bit.ly/BuildABusinessWorthHaving_cf1 The goal isn’t just to build a bigger contracting business. It’s to build one that’s actually worth having. #ContractorFinances #ContractorFinance #ContractorProfit

See if you've built a business worth having: https://bit.ly/BuildABusinessWorthHaving_itf1 Jarrod was working sunup to sundown at least six days a week. He had moved to Colorado with his wife to build a new life, but instead of having the freedom to enjoy it, most of his time was consumed by work. Today, that's starting to look very different. In this episode of Inside The Fight, Tim and Derek sit down with Jarrod, owner of Alpine Design and Remodeling, to talk about how he went from grinding six days a week, not knowing his numbers, and struggling to step away from work to building a contracting business he can actually be proud to own. They break down: • Why working sunup to sundown six days a week was costing Jarrod more than just his time • How learning his numbers changed the way he thought about growing and scaling his business • Why moving from Minnesota to Colorado forced him to get uncomfortable and make major changes in his life • How coaching helped Jarrod build confidence, communicate better, and change the way he saw himself • Why head trash can limit what contractors believe they can accomplish and what they're willing to charge • How Jarrod went from feeling like he couldn't afford to take a day off to stepping away from the field without worrying about it Chapters 00:00 Jarrod's Move to Colorado and Starting Over 02:58 Building a Business Worth Owning 05:56 What Wasn't Working Before The Fight 08:32 How the Grind Was Affecting His Home Life 10:35 Realizing There Was a Better Way 14:32 The Coaching Moment That Changed His Identity 19:23 The Change Jarrod Resisted the Most 23:21 Learning to Track the Numbers That Matter 25:21 What His Business Allows Him to Do Now 33:42 The Head Trash Holding Contractors Back Jarrod didn't just need a better business strategy. He needed to change the way he thought about his business, his time, and what was actually possible for his life. Because building a successful contracting business isn't just about working harder or generating more revenue. It's about building something worth owning. Tom Reber is the founder of The Contractor Fight. He is the host of Contractor Fight TV, an entrepreneur, a speaker, a podcaster, and a former HGTV host. For over 20 years, Tom has helped hundreds of thousands of contractors build businesses worth having. He does this by helping them become the kind of people capable of building them. On this channel you will find straight-talk training for your business. We cover sales, pricing, profit, leadership, and mindset. Our goal is to build a Strong You, a Strong Home, and a Strong Business. The first fight is always with yourself. Join The Fight. 👊

https://bit.ly/BuildABusinessWorthHaving_tob Successful, Miserable, Trapped You got the trucks, the crew, and the revenue number you used to dream about. From the outside, it looks like you’ve made it. But you can’t take a week off. Every important decision comes back to you. And somewhere along the way, you stopped thinking about what the business could become and started focusing on getting through the day. In this episode, Tom Reber explains how a contractor can build a successful business and still feel miserable and trapped inside it. The usual scoreboard measures revenue, trucks, and head count. It doesn’t tell you whether the business pays you well for the roles you’re filling, gives you a life outside of work, or can function when you step away. In this episode: Three signs you may be trapped in the business you built Why a business that can’t run for a week without you has a serious problem How you can be the highest paid employee and the lowest paid owner Why being great at your trade can lead to years of reacting instead of building How to define what you need the business to pay you and how much time you’re willing to give it Which roles to start moving off your plate Why healthy margins give you room to make those changes Chapters: 00:00 — You hit the goal, so why do you feel trapped? 01:56 — Sign #1: The business can’t run a week without you 02:47 — Sign #2: You’re the highest paid employee and lowest paid owner 03:40 — Sign #3: You stopped imagining what’s next 04:14 — How you became the person who solves everything 05:35 — Successful, miserable, trapped 06:03 — Decide what the business is for 06:24 — Decide which roles you’ll leave 06:47 — Fix the margins that make change possible 08:40 — Your business doesn’t have to be a life sentence Your challenge: Write down two things: what you need this business to put in your pocket and how many hours you’re willing to work. Then look at the roles you’re filling right now. Which one makes the best use of your time? Which ones need someone else in the seat, and when will you make that happen? A bigger business won’t automatically give you a better life. You have to decide what worth having means to you and build toward it. Take the free Build a Business Worth Having Scorecard to see which problems are costing you the most: https://bit.ly/BuildABusinessWorthHaving_tob The business you have today doesn’t have to be the business you’re stuck with forever.

https://bit.ly/BuildABusinessWorthHaving_rbo Why More Revenue Won't Fix Your Burnout You’re doing $1 million, maybe $2 million a year. You’ve got a crew. Your trucks are wrapped. People in town know your name. And somehow, you’re more exhausted than when you were running the business solo. In this episode, Tom breaks down why contractor burnout isn’t always the result of working too hard. It’s what happens when you keep working hard without making real progress. More revenue. More employees. More leads. More responsibility. But you’re still selling the jobs, solving customer problems, making every important decision and putting out fires every week. On paper, the business has grown. In reality, it still depends on you. Taking a vacation doesn’t fix that. Hustling harder doesn’t fix it either. The solution is building a business that can operate without everything running through you. In this episode: • Why hard work alone isn’t what burns contractors out • How more revenue can still leave you running in place • Why your business should depend less on you as it grows • How constantly saving the day keeps the business from progressing • Why taking time off doesn’t fix the underlying problem • The importance of building a sales process that doesn’t live in your head • Why your crew needs standards they can execute without you • How training people to make decisions gives you back your time • Why better visibility into your numbers matters • Why a growing business should eventually become easier to run Your challenge: Look at your business and identify where it still depends on you like it did in year one. Sales. Production. Customer problems. Money. Day-to-day decisions. If everything still has to go through you, more revenue isn’t going to solve the problem. You have to build a business that needs less of you in the right places. Take the free Build a Business Worth Having Scorecard to see what needs your attention and identify the bottlenecks keeping you from getting ahead: https://bit.ly/BuildABusinessWorthHaving_rbo You’ve already proven you can hustle. The next level isn’t more of you. It’s building a business that can grow without everything depending on you.

See if you've built a business worth having: https://bit.ly/BuildABusinessWorthHaving_itf1 Most contractors build a business that depends on them being there every day. Taylor built one that allowed him to move to another state. After years of working nonstop, struggling to trust his team, and feeling like he always had to be the one to come to the rescue, Taylor made a massive change. He moved from Arizona to Idaho while his contracting business stayed in Arizona — and continued to grow. In this episode of Inside The Fight, Tim and Derek sit down with Taylor Payne, owner of Total Precision Builders in Casa Grande, AZ, to talk about how he went from being a workaholic who couldn't step away from the business to running a $2.7 million contracting company from another state. They break down: • How Taylor built a contracting business he could run from another state • Why learning to trust his team was one of the biggest hurdles to gaining freedom • How knowing his numbers, job costing, and understanding his margins changed the way he runs his business • Why charging more and targeting a 50% gross profit forced him to rethink his pricing • How pride kept him from admitting what wasn't working and implementing what he already knew • Why Taylor put his first Mile High Profit Summit trip on a credit card when he felt like he couldn't afford to go • How failing to implement kept him stuck even when he had the tools to move forward • Why building the right team means no longer tolerating people who aren't aligned with your standards • How Taylor went from making money the priority to valuing his freedom, family, and time Chapters 00:00 How Taylor Runs a $2.7M Business From Another State 03:20 Moving to Idaho While the Business Stayed in Arizona 06:53 The Real Reason Taylor Needed More Freedom 10:35 What The Fight Changed in His Business 14:18 Discovering the 50% Gross Profit Mindset 18:45 Why His Old Business Couldn't Continue 22:06 Learning to Track the Numbers 27:32 The Coaching Moment That Changed His Sales 31:26 Pride, Failure & Starting Over 36:53 Taylor's Biggest Implementation Mistake 46:08 Why He Refuses to Go Back 50:15 What Contractors Need to Stop Tolerating A successful contracting business shouldn't require you to be physically present every day just to keep it running. When you know your numbers, build the right team, implement proven systems, and stop making yourself the answer to every problem, you create something bigger than revenue. You create freedom. Tom Reber is the founder of The Contractor Fight. He is the host of Contractor Fight TV, an entrepreneur, a speaker, a podcaster, and a former HGTV host. For over 20 years, Tom has helped hundreds of thousands of contractors build businesses worth having. He does this by helping them become the kind of people capable of building them. On this channel you will find straight-talk training for your business. We cover sales, pricing, profit, leadership, and mindset. Our goal is to build a Strong You, a Strong Home, and a Strong Business. The first fight is always with yourself. Join The Fight. 👊