About this episode
To learn more about Breakthrough Academy, click here: https://trybta.com/EP253Grab a free copy of our annual budgeting template here: https://trybta.com/DL253Check out our industry benchmarks and find out what your profit margins should be: https://www.btacademy.com/blog/profit-margin-benchmarks-for-contractors Are you constantly stressed about cash flow heading into 2026? You’re not alone. Our research shows:?45% of contractors don’t have any financial plan beyond paying bills and sending invoices.?50% of contractors hit cash crunches due to unforeseen circumstances?30% of contractors describe their cash flow as “unpredictable.”In this Contractor Evolution episode, we’re answering common questions from contractors about cash flow, just in time for 2026 – so you can stay cash positive, pay yourself consistently, and actually crush your goals instead of feeling like you’re drowning under 2 inches of water.We cover:??How to improve your cash flow (so you can have fewer painful conversations with your accountant)?How to build an annual budget for your construction or home services business?What job costing is and how it has the potential to completely change your business’ financial wellbeing?How to figure out if you can afford to hire someone new (or if you’ll just have to awkwardly lay them off down the road)?AND what your profit margins should look like in 2026More videos to help you fix your finances and take control of your profit:?3 Ways to Control Profit and STOP Confusing Your Finances: https://youtu.be/Qbm9yRBYgRk?STOP Losing Money on Jobs (Job Costing 101): https://youtu.be/nCzP0B2u4BM
