Contractor Business Math: What is Overhead? | TCF832

It is important to understand your overhead if you want success in your business. Pricing jobs correctly, setting sales and lead generation goals, or hitting profit targets become impossible when you do not know your real overheads. In this quick episode, Tom breaks down what overhead really means for your contracting business. Episode Highlights: [00:00] - Intro [00:48] - What is overhead [02:26] - Fixed expenses [03:08] - Variable expenses [03:49] - Understanding overhead is important for financial success [04:48] - 50% GP – fastest way to make more money 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 crap together! https://thecontractorfight.com/50/ 🛡 Join us in BATTLEGROUND - Everything your contracting business needs in one comprehensive program. Three main focus areas: Leadership, Communication, and Numbers. For more info visit: https://thecontractorfight.com/battle... 🥊 Get your free copy of Tom's book Winning the Contractor Fight: https://thecontractorfight.com/book (Just pay shipping) 🥊 Connect with other contractors building stronger businesses in The Contractor Fight: http://thecontractorfight.com/facebook 🥊 Grab the Gear: https://gear.thecontractorfight.com/ Tom Reber is an entrepreneur, business coach, podcaster, leader of The Contractor Fight, creator of Contractor Fight TV and HGTV host. Tom's content has helped hundreds of thousands of home improvement contractors improve their lives and businesses. The Contractor Fight is the ultimate resource for becoming an uncommon contractor! Pick a fight with mediocrity. Live Unafraid. 🥊 Find Us on Social Media: Podcast: http://thecontractorfight.com/podcast Facebook: http://thecontractorfight.com/facebook Instagram: http://thecontractorfight.com/ig Website: http://thecontractorfight.com #contractor #contractors #bluecollar #trades