Job Costing, Cash Leaks, Contractor Education (w/ John MacDonald)
About this episode
This episode discusses the financial pitfalls contractors face and the importance of job costing and education in preventing cash leaks.
Most contractors don’t lose money because they’re bad at the trade — they lose money because money leaks quietly: missed invoices, forgotten extras, slow receivables, and no real job costing. In this episode, we break down the real reason “busy” doesn’t always mean “profitable.”\ John McDonald (Integrity Coaching) returns to talk job costing, receivables, and the hidden $20-bill moments that drain margins: unbilled service calls, change orders that never get invoiced, crews bleeding time on “quick stops,” and the dangerous mindset of “I’ll get paid eventually.” We also dive into why most business owners never learned the numbers, what to do if you’re behind on financial education, and how ongoing learning (mentors, coaching, practical modules) can directly translate into more cash, more control, and less stress. Chapters / Timestamps 00:00 – Intro + Toronto contractor review 01:00 – Why job costing is the difference in tight margins 08:30 – The “money you never invoiced” problem (missed jobs + extras) 12:55 – If you don’t know numbers, where do you start? (mentor vs coach) 18:40 – Hidden leaks: drive-thrus, wasted time, small inefficiencies 20:35 – Receivables, cashflow, and why…
People in this episode
Host: Jobtable
Guest: John MacDonald
Topics covered
- job costing
- cash flow
- contractor education
- financial management
- business efficiency
Keywords
- contractors
- cash leaks
- invoices
- receivables
- financial education
- margins
- business owners
Mentioned in this episode
Organizations: Integrity Coaching
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