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Listen "From Almost Shutting Down His Business To Making 10x Profits in 1 year - Ep.#119 Ft. Stephane Savoie"
Episode Synopsis
From a guy about to close his doors to 10Xing his profits!
How did Stephan do it? That's what this podcast EP is ALL about.
Despite having some kick-ass core values, this CEO was working himself DRY and taking no money home.
Stephan had no idea what it cost to run a business, him and his team were applying a 20% margin on every single job and hoping for the best.
Things like his:
✅ Profit breakeven margin.
✅ Overhead costs.
✅ Labor burden
✅ Operating costs.
✅ Hidden costs.
Where all going unnoticed, the domino effect was he had no idea how much he was spending, and also no idea how much money he was(n't) making.
In his own words "Most contractors DON'T know how to quote properly" and that's not sustainable.
Taking the time to get a grip of his numbers not only 10X'd his profits, it also gave him back:
✅ Time for his family.
✅ A better perspective as a CEO (working ON the business instead of in the business and dropping the heavy lifting.)
✅ Knowledge of the tools that have optimized his profitability and quality.
✅ The right focus on HOW to grow his team (aka what personnel he needed.
and many more things that have lifted ALL the weight off his shoulders these days.
The truth is, that if you wanna scale your company you have to invest on it.
Because he didn't know his numbers, like many other contractors, Stephane thought he couldn't afford it, that almost got him to bankruptcy.
But once he learned otherwise, he was able to fill his pockets and put the remaining gains to work on the RIGHT areas of his business.
Make sure you're subscribed to get the latest teachings and insights.
Official Profit For Contractors Youtube Channel
https://www.youtube.com/channel/UCKkxR_Dvwd8lGysAPhzYmWg
Join Our FB Group (11000+ members)
https://www.facebook.com/groups/498934880541178/
Follow Us On Instagram
https://www.instagram.com/profitforcontractors/
Full episode available to listen on:
Apple Podcast
https://podcasts.apple.com/us/podcast/the-profit-for-contractors-podcast/id1504320346
Spotify:
https://anchor.fm/profitforcontractors
How did Stephan do it? That's what this podcast EP is ALL about.
Despite having some kick-ass core values, this CEO was working himself DRY and taking no money home.
Stephan had no idea what it cost to run a business, him and his team were applying a 20% margin on every single job and hoping for the best.
Things like his:
✅ Profit breakeven margin.
✅ Overhead costs.
✅ Labor burden
✅ Operating costs.
✅ Hidden costs.
Where all going unnoticed, the domino effect was he had no idea how much he was spending, and also no idea how much money he was(n't) making.
In his own words "Most contractors DON'T know how to quote properly" and that's not sustainable.
Taking the time to get a grip of his numbers not only 10X'd his profits, it also gave him back:
✅ Time for his family.
✅ A better perspective as a CEO (working ON the business instead of in the business and dropping the heavy lifting.)
✅ Knowledge of the tools that have optimized his profitability and quality.
✅ The right focus on HOW to grow his team (aka what personnel he needed.
and many more things that have lifted ALL the weight off his shoulders these days.
The truth is, that if you wanna scale your company you have to invest on it.
Because he didn't know his numbers, like many other contractors, Stephane thought he couldn't afford it, that almost got him to bankruptcy.
But once he learned otherwise, he was able to fill his pockets and put the remaining gains to work on the RIGHT areas of his business.
Make sure you're subscribed to get the latest teachings and insights.
Official Profit For Contractors Youtube Channel
https://www.youtube.com/channel/UCKkxR_Dvwd8lGysAPhzYmWg
Join Our FB Group (11000+ members)
https://www.facebook.com/groups/498934880541178/
Follow Us On Instagram
https://www.instagram.com/profitforcontractors/
Full episode available to listen on:
Apple Podcast
https://podcasts.apple.com/us/podcast/the-profit-for-contractors-podcast/id1504320346
Spotify:
https://anchor.fm/profitforcontractors
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