Description

Today’s subject is something that affects every contractor eventually, and sometimes multiple times over their career. Listen to learn what The Crazy Cycle is and how to protect yourself from getting trapped in it.

In this episode, we talk about…

• The Crazy Cycle - when your business runs you, and you can’t see that it’s happening.
• Why The Crazy Cycle affects different people in different ways.
• Examples of paths that can take you directly into The Crazy Cycle.
• Why you need to think of yourself as a business-owner first, and a craftsperson second.
• Symptoms of The Crazy Cycle that can mess with your business and even bleed into your life.
• What contractors can do to get out of The Crazy Cycle and/or prevent it from happening.
• Why it’s essential to understand sales, accounting, and the profit funnel.
• Thoughts on “the going rate.”
• The importance of getting help from a coach or a book or joining a group of like-minded people (or all three!).

Links to Resources:

Markup & Profit by Michael Stone - https://www.amazon.com/Markup-Profit-Contractors-Guide-Revisited/dp/1572182717/ref=sr_1_1?crid=3SZIE9RK5RBG2&dchild=1&keywords=markup+and+profit&qid=1629677041&sprefix=markup%2Caps%2C184&sr=8-1

The E-Myth Revisited by Michael Gerber - https://www.amazon.com/Myth-Revisited-Small-Businesses-About/dp/0887307280/ref=sr_1_1?crid=271QEAOJ63BHU&dchild=1&keywords=the+e-myth+revisited&qid=1629677006&sprefix=the+e-myth%2Caps%2C175&sr=8-1 

Profit Club – Paid Coaching group www.hammerandgrind.com/theprofitclub 

Facebook group - https://www.facebook.com/groups/thecontractorprofitgroup 

Facebook – https://www.facebook.com/hammerandgrindpodcast 

Instagram - https://www.instagram.com/hammerandgrindpodcast/ 

Brad Huebner’s Instagram - https://www.instagram.com/teamhandy/ 

Eric Triplett’s Instagram - https://www.instagram.com/theponddigger/ 

Website – www.hammerandgrind.com 

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