Builders, Budgets, and Beers
Reece sits down with Russ Stephens, co-founder of the Association of Professional Builders, to talk about why so many builders look successful on paper but still miss the profit sitting inside their business. Russ breaks down work in progress, pricing, overhead, owner pay, and the danger of chasing bigger jobs without understanding what they actually cost. This episode covers how builders can stop guessing at margins, price from true break even, stay focused on the right type of work, and build a company that is worth something beyond the owner’s daily grind. To get a free business valuation report from Russ Stephens and APB visit: https://hubs.ly/Q04jQvzl0 [https://hubs.ly/Q04jQvzl0] Register for the webinar here: https://us06web.zoom.us/webinar/register/2517803406883/WN_i02wixcGTJSDljlo4uCRsQ#/registration [https://us06web.zoom.us/webinar/register/2517803406883/WN_i02wixcGTJSDljlo4uCRsQ#/registration] Show Notes: 00:00 Show Intro 01:10 Meet Russ Stephens 04:14 Know Your Numbers 05:42 Revenue Versus Profit 08:08 Profit Starts Early 10:54 Understanding WIP 16:44 Front Loading Jobs 19:33 Pricing For Net 23:40 Net Profit Webinar 25:42 Owner Versus Employer 28:02 Stay In Your Lane 31:20 Remodeling To New Homes 34:56 Business Valuations 39:17 Build Value Now Find Our Hosts: Reece Barnes [https://www.linkedin.com/in/reece-barnes-aa84b884/] Matt Calvano [https://www.linkedin.com/in/mattcalvano/] Podcast [https://www.motifmedia.com/post/case-study-modern-craftsman-podcast]Produced By: Motif Media [https://www.motifmedia.com/]
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