TCF331: 5AM Fight - How Much Do you Need to Make Each Day? - The Contractor Fight with Tom Reber

One of the most important aspects of owning a business is knowing your numbers. Do you know how much you need to make each day to not only pay the bills but achieve the lifestyle that you desire? If you don’t, take a listen. Tom is here to tell you how to figure that out!

In this episode, we talk about…

Charging improperly is why so many contractors go broke
Use overhead and the number of production days to calculate what you need to keep
Consider your salary part of your overhead
Don’t forget to consider your profit-margin when calculating overhead
Take the time to map out your numbers to avoid the struggle
The higher the gross profit, the less revenue you need to bring in

Links to resources:

Find out what you need to charge: https://thecontractorfight.com/charge/

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