Too many contractors are pulling in a million or more in revenue and still struggling financially. Why? Because they're undercharging—driven by a broken money mindset. In this episode, Tom breaks down the core reasons why contractors are afraid to charge what they're worth and offers a clear path to fix it. If your business is running full speed but your bank account doesn’t show it, this episode is your wake-up call.
In this episode, Tom discusses:
- [00:16] The problem of high revenue but low profits and constant financial stress
- [01:06] Applauding the milestone of hitting $1M, but highlighting why that’s not enough if there’s no net profit
- [01:29] The root cause of undercharging—fear and a broken money mindset
- [01:58] How childhood money beliefs shape your pricing behavior
- [02:44] The danger of negotiating against yourself and the need to stop underbidding
- [03:07] The cost of staying stuck—hurting yourself, your health, and your family
- [03:24] Real growth comes from more profit, not more jobs
- [04:02] A Battleground coaching example of losing money by giving discounts
- [04:40] The importance of slowing down and getting control of your business
- [05:04] Action steps: audit last 10 projects and add 20% to your next 3 bids
- [05:44] The trifecta of profitability—right pricing, marketing message, and sales process
- [06:07] Protecting your margin like your life depends on it
- [06:33] Trust the math—stop speculating and start pricing based on facts
- [06:43] A free tool to calculate what you should really be charging
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💰 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/
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