EP284: Bad Pricing, Scope Creep, and More: 7 Profit Leaks Hurting Contractors

You can be bringing in more revenue and still wonder where all the money went. For contractors, profit doesn’t always disappear because of one big mistake. Sometimes, it leaks out through bad pricing, scope creep, underbidding, wasted time, poor job costing, change orders, and other small issues that quietly add up.In this episode, Brad talks about:The difference between revenue and profitBad pricing strategiesFully burdened labor ratesScope creep and its impactThe costs of callbacks and reworkManaging overhead effectivelyThe owner's role in profit leaksLinks to resourcesGrab my free job costing worksheet and start job costing every job right away.https://go.hammercrm.com/widget/form/4Bws6E9GGX0RZPoED1bnWant to go deeper?Check out the Contractor Profit Blueprint: https://www.thecontractorprofitblueprint.com/Book a strategy call with Brad: https://hammerandgrind.com/qualification-websiteEnjoying the podcast? Visit our website at https://www.hammerandgrindpodcast.com for the latest episodes, resources, and more.Have a question, story, or topic you'd like us to cover? Leave us a message here: https://www.hammerandgrindpodcast.com/voicemail.We'd love to hear from you, and your message could be featured on a future episode!Help us get the word out to other contractors by leaving us a review or sharing our podcast! Hosted on Acast. See acast.com/privacy for more information.