contractors

3 Metrics Every Business Needs to Keep an Eye On

Ah the books, as entrepreneurs we often shy away from really doing a deep dive on our financials. We hire a bookkeeper and set up with an accountant and we get to work doing what we know how to do best, which is anything but the books.

In my experience running a contracting business, there were three numbers that meant the most to me. These metrics always accurately told me what was going on in my business.

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7 Secrets to Being Booked Two Months Ahead All Year Long! (5-minute read)

When you start a service business it is very stressful to struggle to find work. Going days or weeks between jobs can create a range of emotions from panic to depression. When a customer finally calls, in our eagerness to book work we may actually put the would-be customer off by sounding and acting desperate.

My contracting business is booked 2 – months in advance with the exception of during our one seasonally slow time where we drop down to being booked only 1 – 2 weeks in advance. We have 6 trucks so when I say we are booked I mean every truck is booked 2 – months in advance.

The best part about this is that our system can be replicated. Here is how we do it.

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