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The Contractor Fight with Tom Reber

The Contractor Fight Podcast challenges contractors to live unafraid & motor against mediocrity. It's time to pick a fight and take back our dignity. It's time to wage war on the mindsets that hold us back from business and personal success.
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Now displaying: Page 1
Mar 17, 2022

Tom and Dan answer your queries about how to incorporate contractor fight teachings into franchise rules, if you should go solo while starting a business, and how to solve cash flow issues.

 

In this episode, we talk about…  

Question 1: How do I incorporate what you teach in TCF while abiding by franchise rules?

  • Shin Fu is a pre-qualification system, so it is suitable for any sales system
  • Many consumers are young and pretty uninformed — a pre-qualification will take a lot of those appointments off your schedule.
  • Do what increases your sales, and ultimately the franchise should be happy.

 

Question 2: I am working under a general contractor and looking to start my own business. I’ve been told that you can't make money with an employee. I would appreciate any advice on this matter and whether I should go solo or form a partnership.

  • Do not bring on a partner if you don't have clearly defined roles 
  • You can 100% make money with employees
  • You're going to need employees at some point in the future
  • Go solo for the first couple of years — work on your skills as a business owner, and build your brand 
  • Multiplying your labor is a must if you want to get out of the rat race, make some serious money, and have a life

 

Question 3: Due to low cash flow, I am starting to dabble in robbing Peter to pay Paul, and taking money from a future job deposit to close out a prior job. How do I fix this issue?

  • Figure out where you're bleeding money
  • Some people get cash flow issues because they're not able to finish jobs quickly
  • Get involved in the production
  • Having a good relationship with your bank is always helpful for business owners

 

Resources: 

Submit your questions to help@thecontractorfight.com with the subject “Podcast” and Tom and Dan will try and answer them on an upcoming show.

Visit our sponsors of this episode, NiceJob. NiceJob is Reputation Marketing software that will help your business collect 2-3 times more reviews on Google, Facebook, and the platforms that matter. Don’t forget to use code “Fight” for $50 off the first month on new accounts!  https://www.TheContractorFight.com/nicejob 

== Join us in BATTLEGROUND ==

Everything your contracting business needs in one comprehensive program with three main focus areas: Leadership, Communication, and Numbers. For more info check out: https://TheContractorFight.com/Battleground 

 

== Order your free copy of Tom’s book Winning the Contractor Fight (Just pay to ship) == https://thecontractorfight.com/book 

 

== Grab the Gear ==

https://gear.thecontractorfight.com/ 

 

== Find Us on Social Media ==

YouTube: https://www.youtube.com/c/TomReber 

Instagram: https://thecontractorfight.com/ig 

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