TCF911: 8 Signs of a Sick Business

There are many things you have to get right as a business owner, and the number one thing is running a healthy business. Tom shares the top warning signs that your business may be sick and in need of some TLC. He wants you to pay attention to these signs, examine them in your business, and implement the necessary changes to keep your business fighting fit. Episode Highlights:[00:00] - Intro[01:13] - Run a healthy business[01:40] - 8 signs of a sick and dying business[02:42] - #Sign1: Lack of cash flow[03:56] - #Sign2: Not paying yourself fairly[06:10] - #Sgn 3: Low pre-tax profit[07:20] - #Sign 4: Borrowing money to survive[09:14] - #Sign 5: Low-quality or inconsistent leads[10:56] - #Sign 6: Busy but broke[12:40] - #Sign 7: Outdated books[14:34] - #Sign 8: Irregular meetings[15:48] - Closing remarksIf you need help with your business, visit https://thecontractorfight.com/help/ to schedule a call and see if you qualify for the Battleground program. Resources:💰 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