#176 Full P&L Breakdown (For Plumbers)

About this episode

Jared Williams and Eddie Burkhurst analyze a profit-and-loss statement for Prospector Plumbing and Heating, discussing key financial metrics and decision-making strategies.

On this episode of the Jered Williams Show, host Jared Williams and guest Eddie Burkhurst break down a real profit-and-loss statement from Prospector Plumbing and Heating, walking listeners through total income, cost of goods sold, gross profit, overhead, and net profit while explaining how to read the numbers, spot problems above or below the gross-profit line, and use percentages and efficiency metrics to guide pricing, labor, materials, and marketing decisions.

People in this episode

Host: Jared Williams

Guest: Eddie Burkhurst

Topics covered

• profit and loss
• plumbing
• financial analysis
• business metrics
• pricing strategies

Keywords

• profit and loss
• gross profit
• overhead
• net profit
• cost of goods sold

Mentioned in this episode

Organizations: Prospector Plumbing and Heating

More episodes of The Jered Williams Show

• How This Guy Made Millions Running His Business Like A Video Game · May 29, 2026 · 52 min
• #174 Plumber Broke World Record For Sales (here's how) · May 22, 2026 · 1h 30m
• #173 This Guy Made Me 850k In 12 Months (here's how) · May 15, 2026 · 2h 3m
• #172 What Makes The Perfect Sales Process (4 Things) · May 8, 2026 · 59 min
• #171 The New Marketing Strategy (That Actually Works) · May 1, 2026 · 57 min
• #170 Million Dollar Tax Hack (For Trades Businesses) · April 24, 2026 · 1h 8m