Know Your Numbers and Then Do Something About It
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About this listen
Most remodelers don’t have a revenue problem, they have a clarity problem. Kyle and Chris Anderson unpack how to get a handle on your numbers, set meaningful profit goals, and make smarter decisions day to day. Plus, what separates a good bookkeeper from one that actually helps you grow.
If you’re curious to learn more about Monthend and how they help builders and remodelers, head over to their website and take a look.
Explore real client results and case studies at Contractor Growth Network Results, learn how they help remodelers build marketing that works at Contractor Growth Network, and check out their Podcast for weekly insights designed to help remodelers grow smarter.
Explore the vast array of tools, training courses, a podcast, and a supportive community of over 2,000 remodelers. Visit Remodelersontherise.com today and take your remodeling business to new heights!
Takeaways
- Focus on cash, not just profit
- Set clear goals to guide decisions and build discipline
- Work backward from goals into actionable steps
- Use micro goals and a win or learn mindset to improve
- Prioritize industry specific expertise and accountability in financials
- Use construction specific systems and stay actively involved as the owner
Chapters
00:00 The Journey Begins: Chris Anderson's Backstory
06:20 Understanding Monthend: Goals and Financial Tracking
08:06 Cash Consciousness: The Importance of Financial Awareness
11:18 Setting Goals: The Path to Financial Success
14:13 The Discipline of Planning: Achieving Business Goals
22:28 Financial Statements: Key Tools for Business Owners
37:22 Evaluating Accountants: Finding the Right Financial Partner