Know your numbers! The numbers reveal everything about marketing, profitability, and the longevity of your business! Are you marking up your jobs in the best way? Do you understand the information in your P & L statement? Do you know why you should NEVER cut your prices or price yourself according to your competitors? Join us to learn more in today’s show!
Michael Stone has over six decades of experience in our business, having coached thousands of contractors of all kinds to build stronger, more profitable businesses. He teaches hundreds of classes and seminars each year and is the author of Markup & Profit: A Contractor’s Guide, Revisited. Michael knows his stuff! Connect with him at www.markupandprofit.com.
What you’ll hear in this episode:
Connect with Michael:
Find out about Michael’s course, Making the Numbers Work in Construction Markup And Profit or call Michael at 360-335-1100
Markup and Profit by Michael C. Stone
Resources:
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Find out about Michael’s course, Making the Numbers Work in Construction Markup And Profit or call Michael at 360-335-1100
Markup and Profit by Michael C. Stone
First ten minutes is rambling and adds -then the start is fear based everyone does this wrong. You are going to get screwed by a bad bookkeeper mom down the road – but we’re going to teach you the right way. Stop selling us versus them. Instead try a compliment and encouragement – You are probably doing really well – give us a listen today and lets see if we can add a few things. Minute 35 you start in on CPA’s and bookkeepers all doing it wrong just wanting to push the numbers through and be done. Such horse… Read more »
Hi Richard, Thanks for the feedback on the show. I appreciate you taking the time to comment. I took another listen to the intro and you’re right about the ads. We usually just have the one (Ruby) in the intro and the other 2 towards the end. Got to pay the bills for the free show but try to mix them up so we don’t lose our listeners. I do tend to ramble, also stutter, but joke about it as it is my personality and I believe in being authentic. But certainly not for everybody. That’s also why I have… Read more »
This is another great episode. I have listened about 4 times always taking notes and paying attention but just cant get to 100% understand the numbers you guys are talking about. In the beginning of the episode you said that it can be found on you tube so those watching it can see Michael’s slides. I have tried to find it and can not, how can I look for it so I can find it?
Thank you very much for this podcast, it has helped me so much!!
Hi Javier, I’m not sure I got back to you on this but I wanted to be sure to thank you for your kind comments. I really appreciaTe it. This was a good episode. Michael really knows his stuff. If I haven’t already sent you the video here it is.
https://www.dropbox.com/scl/fi/5iup9yr29ikdt5daqufun/M-Stone-video1223911310.mp4?rlkey=th3f4phx2udhg8xhclpurcxl9&dl=0
His book Markup and Profit is a great resource to learn the important numbers. Let me know if you have any questions. I’d be happy to jump on a free call.