TCF908: $500k to $2.5 Million in ONE YEAR

Tom is joined by Battleground member Derek Prince to discuss his incredible business transformation. Derek shares how he grew his contracting business from $500k in revenue with a 26% gross profit to $2.5 million with a 44% gross profit in just 12 months. They talk about Derek’s approach to managing multiple ventures—his construction business, gym, and property management company—and the strategies he applied to his business.Episode Highlights:[00:00] - Intro[01:11] - Derek’s background[03:32] - Derek’s journey into contracting[05:21] - Fitness routine of Derek and why staying healthy matters[07:48] - Tom’s 75 Hard experience and finding what works for you[10:45] - Tracking KPIs and macros[12:26] - Derek’s construction company[13:07] - Implementing the subcontractor model[16:22] - How Derek found The Fight and why he joined[18:55] - Transformation in business after applying The Fight’s teachings[21:08] - What got him from $500k to $2.5 million[23:19] - Importance of niching in business[25:12] - Leveraging his project manager’s sales skills[26:14] - Taking action instead of just consuming info[28:14] - Derek’s pricing strategy[32:22] - Business is all about adjustments and improvements[34:13] - Handling issues the right way[38:22] - Key takeaways from joining Battleground[40:31] - How fitness and discipline impact business [44:11] - Expansion and contraction phases of business[48:29] - Best way to connect with Derek[49:20] - What Derek’s average day looks like?[52:55] - Closing thoughtsResources:= Pro Property Services Website: https://www.propropertyserviceswnc.com/ = Pro Property Services on Facebook: https://www.facebook.com/propropertyserviceswnc/ 💰 You didn’t become a contractor to struggle financially. Download our worksheet and start calculating a 50% gross profit on every job. It’s time to get your shit together! https://thecontractorfight.com/50/ 💸 Grab your copy of our FREE Contractors Guide to Spotting Cheap Prospects here: https://thecontractorfight.com/cheap == Join us in BATTLEGROUND ==Everything your contracting business needs in one comprehensive program with three main focus areas: Leadership, Communication, and Numbers. For more info, check out: https://TheContractorFight.com/Battleground == Get your questions answered and connect with other contractors building stronger businesses in The Contractor Fight: https://thecontractorfight.com/facebook == Grab the Gear ==https://gear.thecontractorfight.com/ == Find Us on Social Media ==YouTube: https://www.youtube.com/c/TomReber Instagram: https://thecontractorfight.com/ig == Rate the Podcast ==Help your fellow contractors find the podcast! Please leave a rating/review! Apple Podcasts  Spotify