234. 3 Ways to Control Profit and STOP Confusing Your Finances - Spencer Sheinin

To learn more about Breakthrough Academy, click here: https://trybta.com/EP234 Check out Spencer's benchmarking tool here: https://fixyourprofit.com/signup/btaConfused by your financials? You’re not alone. Most contractors struggle to make sense of their numbers, and it costs them big.In this episode of Contractor Evolution, we sit down with Spencer Sheinin, bestselling author of Entreprenumbers and CEO of Shift Financial, who’s on a mission to empower contractors by turning complex financial data into simple, actionable insights.Spencer used to be a contractor himself, so he gets the challenges you face. That’s why this conversation hits different. It’s not just about spreadsheets and profit margins, it’s about taking control of your business through real financial empowerment.🔍 In this episode, we break down:How to make your numbers tell a story using visual toolsHow to spot red flags in your P&L before it’s too lateWhat your bookkeeper should really be doing for youThe three financial levers that drive profitability in contracting businesses📘 Whether you’re a seasoned business owner or just getting serious about your growth, this episode will help you stop fearing your financials and start using them to win.🔗 Check out Spencer’s book Entreprenumbers here: https://entreprenumbers.com/👇 Drop a comment if you've ever felt overwhelmed by your P&L—and let us know your #1 takeaway from this episode!00:00-Intro01:55-About Spencer and Shift Financial09:33-Define: Financial Empowerment10:35-Three levers of profitability14:32-How to determine which lever to pull (with visuals)21:01-How to build your first proper budget25:26-How to select your strategic financial team38:24-Essential software and tools for financial management40:25-How to maintain clean financial data46:05-One thing listeners can go do right now to get comfortable with numbers47:59-Free benchmarking tool