How to Be a Profit First Contractor - Shawn Van Dyke
The majority of construction and trades businesses net less than 5% profit a year. Profit First for Contractors author Shawn Van Dyke is on the show today to teach us the cash management model designed to increase profitability and change the way you think about your business’ finances.
Did you know that the vast majority of construction and trades businesses net less than 5% profit a year?
In case you were wondering—that’s not good.
Our guest on the show today is Shawn Van Dyke, author of Profit First for Contractors and The Paperwork Punch List.
In this episode, we break down the Profit First for Contractors (or PFC) cash management model, including a prescribed framework for implementing PFC in your business right away.
If you change the way you manage your finances, you’ll also change the way you think about money flowing in and out of your accounts. And in turn, you’ll make better decisions that benefit you and your business.