Book·2018
Profit First for Contractors: Transform your Construction Business from a Cash-Eating Monster to a Money-Making Machine
About this source
A cash management system specifically designed for construction business owners, adapting Mike Michalowicz's Profit First methodology to the unique challenges of the construction industry. The book shows contractors how to break the craftsman cycle, understand markup vs margin, set up dedicated bank accounts, and allocate income using percentage-of-total-revenue targets to guarantee profitability.
Frameworks extracted
7 totalENTongoing
The Five-Stage Construction Business Growth Model
Know your stage to set the right profit targets
STRmonths
The Contractor's Metrics Dashboard
Measure lead and lag indicators to predict and drive profitability
FINmonths
The Debt Destruction and Avoidance System
Eliminate existing debt while building immunity to future borrowing
FINweeks
The 10/25 Cash Flow Rhythm
Replace panic-driven bill paying with a twice-monthly rhythm
FINdays
The Markup vs Margin Clarity Framework
Stop confusing the two numbers that determine your profit
ENTdays
The Craftsman Cycle Diagnosis
Identify the trap keeping busy contractors broke
FINweeks
The Profit First for Contractors (PFC) Cash Management System
Take your profit first, then operate on what remains