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Power Profits Assessment - What would change your business?
Take our Free Assessment and receive results in seconds. It is easy and fun, yet gives you a roadmap to success in your construction business. Click the link below. Power Profit Assessment https://helen-ws5yxxzg.scoreapp.com
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Power Profits Assessment - What would change your business?
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Welcome Roofers to our Exclusive Roofing Community
Welcome! Introduce Yourself HERE 🔥 Hi! Welcome to Roof For Profits Academy. This community is designed to help you transform and grow your roofing business. Know your numbers and increase profits. Step 1: Introduce yourself in THIS THREAD below! (✄ copy/paste template 👇) Where are you from? Where is your roofing company located? What is your #1 challenge in growing your roofing business? Step 2: Go through this introduction module 😊! Best practices: 1) Have a profile photo. 2) Space out all your writings into single-sentence paragraphs (like I'm doing here). 3) Welcome new members, make helpful posts, share your wins, and engage in the community to level up! Group Rules: 1) No Self Promotion 2) No Selling in the DM's 3) No Spamming the Community Feed
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New comment Nov 21
Welcome Roofers to our Exclusive Roofing Community
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Mastery of Money for Roofing Contractors
3 Easy and Quick Steps to set up your Money in your business. "Mastery of Money for Roofing Contractors" "Free Bookkeeping Course" Hey there, roofing professionals! Welcome to 'Mastery of Money for Roofing Contractors,' your go-to guide for setting up a solid bookkeeping system when starting your roofing business. I'm Helen DeVries, and today I will walk you through three simple steps to get your money system in place, so you can focus on what you do best - building great roofs!" "Step 1: Setting Up Your Business Bank Account" "Step 1 is all about setting up your business bank account. This is crucial for keeping your personal and business finances separate, which makes your bookkeeping much easier and keeps you in good standing with the IRS." "First, choose a bank that offers business accounts and has good customer service. You'll need your business formation documents, EIN, and personal identification. Once your account is open, make sure all business income and expenses go through this account." "Step 2 is choosing the right bookkeeping software. This will be your digital assistant in keeping track of all your financial transactions." "There are plenty of options out there, like QuickBooks, Sage, or even free tools like Wave. Choose one that fits your budget and has features that cater to roofing businesses, like invoicing, expense tracking, and payroll management." "Step 3 is tracking your income and expenses. This is where the magic happens. You'll need to record every dollar coming in and going out of your business. "Create categories for different types of income and expenses. For example, categorize your income from different projects and track expenses like materials, labor, and overhead costs. Make it a habit to enter this information regularly, ideally weekly." "Mastery of Money for Roofing Contractors" "Free Bookkeeping Course" "And there you have it - three simple steps to setting up your money system when starting a roofing business. Setting up your business bank account, choosing the right bookkeeping software, and tracking your income and expenses will lay a strong foundation for your financial success."
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Mastery of Money for Roofing Contractors
Bid and Secure more roofing jobs!!
Our Gross Profit is the Key number to review. However, make sure you have all the job costs in Cost Of Goods. Revenue minus the cost of goods = Gross Profit. Now the final step deduct your overhead for this job (example below $2500). This is your actual profit on the job. Tip: Overhead is 30,000 per month and you average 4 roofing jobs a week (12 per month) Your overhead would be 30,000/12 roof jobs = $2500 per roof job is your overhead.
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New comment 3d ago
Bid and Secure more roofing jobs!!
Merry Christmas and a Prosperous New Year!!
Hi Roofers, I wish you an Amazing Christmas and a 😍Happy New Year!! Spend plenty of time with your family :)) I personally take advantage of this time of the year to review my business being an entrepreneur just like you. Please reach out to me if you want to Jump on a call to help you review your Profits and Business. On the call we review your numbers and give you some options to do it yourself or if you would like to get on the Fast Track to implement with my help. The link will be in the comments.
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New comment 3d ago
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Roof For Profits, LLC
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Make an Extra $10,000/Month.
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