🔗 https://www.foundationacs.com
Hello, Profit Hackers! I’m Jeremy Lott, Chief Visionary at Foundation Accounting and Consulting.
In this episode, we’re digging into something that separates the good contractors from the great ones, knowing your numbers. It’s not just about your bank balance. It’s about understanding your true costs, your gross profit margin, and how much you really take home after the dust settles.
I’ll walk you through how to track your financials like a pro, how to use your numbers to make smarter decisions, and how to stop letting your accountant be the only one who knows what’s going on.
Whether you’re just getting started or already running multiple crews, this episode will give you the clarity and confidence you need to run your business by the numbers — not by gut feeling.
00:00 – Intro: Why knowing your numbers matters more than you think
01:45 – The difference between guessing and managing your money
04:10 – What every contractor should know about gross profit margin
07:05 – How to understand overhead without overcomplicating it09:30 – The power of tracking cost percentages12:15 – Turning financial data into better decisions14:45 – Common mistakes contractors make when reviewing numbers17:10 – How to simplify your numbers for your team19:25 – Wrap-up: clarity equals control
💬 Question for you: What’s one number in your business you wish you understood better?
