How much does it cost to run my building company?
Description
Running a company is not only hard work but can be very expensive to run.
You have your average fees to get your reno, or new build is done such as materials, staffing, & pricing...
On top of that, you factor in how much your time is worth going into any project.
It also doesn't just stop there...
You also have hidden fees, and expenses that are costing your company money & time without you even knowing...
It's like a leech in the background, that is sucking the soul out of you while you are unaware of what's going on.
For example, one of our Member of the Quarter - Todd Flashman reported spending 55% of his time in administration activities.
Imagine how much this was costing him both in time, and money...
Not to mention, admin work is something that can easily be delegated and can be very costly to your time.
But that's not the worst part...
Since this wasn't accounted to his total expenses, he wouldn't know how much to scale up because he does not know how much it costs to send an email, or pick up the phone and answer calls.
How can you scale up, if you don't know how much it costs to run your company?
e.g. - If it takes $1 to make lemonade, selling it for $1 will break even, and an extra $1 will make you a profit.
Whereas, if you don't know how much it takes to make lemonade...
How much are you profiting?
You don't really know.
This is what we are tackled in our live.
How to find out exactly how much it costs to run your company, and find out your break-even which is the magic number that will tell you how much you need to make in order to create a profit.
Enjoy!
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