Construction Profitability with Ruth King | Ep. 184

In this new series, I get to interview high-level experts in the Construction Industry for some free consultations and advice for you. Our first guest is Profit and Wealth Guru, Ruth King, who shares her insights on the importance of Profitabilty and reveals the one thing that Construction Businesses must focus on to increase their Profitability. Don’t miss this! You can visit this link to learn more about Ruth King and her expertise: ruthking.info Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠ If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io Timestamps: (3:07) - If you're going to grow your top line, you should grow your bottom line or keep your top line the same and grow your bottom line (6:59) - What I suggest that all contractors do is they save 1% of every dollar that comes in the door, period, no matter what (7:54) - A lot of times the retainage is the profit (11:52) - It's much better to get a smaller job and keep working and keep your overhead paid than sitting there complaining about we have no work (17:52) - The first thing that I look at is what is their billable hour percentage (19:38) - If there was one thing that you would say for construction companies to do, you were saying if all of these construction companies just focused on this one thing to increase their profitability, what would that one thing be? DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have. Follow our Socials and let's get connected! ⤵️ ⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter