306 - What You Quoted VS What You Made

About this episode

This episode discusses the importance of analyzing the difference between quoted job costs and actual profits to ensure financial health in business.

It is important to know if you’re losing money between quoting jobs and getting paid.If you quote with a 30% gross margin but you don't see 30% in your P&L, something's wrong and you should fix it.You should set up systems so you do it for every job (yes you should)If you can’t do that yet, do some spot checks.It’s not hard (just takes work) - compare your quote and the predicted input costs to the actual input costs; if the gross profit is less in real life than in your quote, find out why and go from there.--------------------------------------Get the JOB PROFITABILITY ANALYSIS for Trades and Builders here: https://pages.smallfish.com.au/job-profitability-analysis-dlIf you want more money (profit), more time (off work), and more freedom (from work, stress, responsibility) Book a Money Call: smallfish.com.au/tradies/money-call/FOLLOW US AT:Facebook: https://www.facebook.com/smallfishcoach/Twitter: https://twitter.com/smallfishcoachInstagram: https://www.instagram.com/smallfishbusinesscoach/YouTube channel: https://www.youtube.com/c/smallfishau

People in this episode

Host: Jon Dale

Topics covered

• job profitability
• quoting jobs
• gross margin
• cost analysis
• financial systems

Keywords

• profitability
• quoting
• gross margin
• input costs
• financial analysis

Mentioned in this episode

Organizations: Small Fish, Facebook, Twitter, Instagram, YouTube

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