TCF839: Contractor Scam or Just a Bad Business?

Today, Tom discusses a recent contractor fail that was reported in ABC 7 Chicago news. He shares the story of a homeowner unhappy with work done by her contractor, and takes a look at the key fails of the project and shares fixes for both contractors and clients on how to prevent similar failures from occurring in the future.

Episode Highlights:

[00:00] - Intro

[00:20] - The situation

[01:19] - Contractor Fail: Scribbled estimate

[02:14] - Contractor Fix: Have clear documentation

[06:46] - Homeowner Fail: No proper contract

[07:51] - Homeowner Fix: No project without a valid contract

[08:37] - Don't itemize the job

[10:00] - Economy of scale

[11:21] - Run if no clear plan

[11:58] - Closing thoughts

Link to the original news story: https://www.youtube.com/watch?v=z5K_bFAAOBQ

Resources:

== Now get Shin-Fu Sales Training + Foundations courses together for just $499. Visit http://thecontractorfight.com/turkey to claim this limited-time bundle!

💰 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