{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Success Beyond The Brush","title":"SBTB Ep. 25 | Can You Afford That Next Hire? How to Build a Contractor Budget That Protects Profit","html":"","width":"100%","height":180,"duration":854,"description":"SCHEDULE YOUR FREE 30 MINUTE CALL WITH SCOTT HERE\nA contractor hires four new overhead employees and then asks a critical question:\n“Can I afford all these positions?”\n\nWithout a real budget, the only honest answer may be, “I don’t know.”\nIn this solo episode of Success Beyond the Brush, Scott Lollar explains how contractors can create an accurate financial roadmap based on their actual revenue, cost of goods sold, operating expenses, seasonality, and growth plans.\nScott walks through his process for exporting financial history from QuickBooks, building the initial budget in a spreadsheet, projecting monthly revenue, and using percentages of revenue to model labor, materials, subcontractors, and other direct job costs.\nHe also explains how to test future decisions before committing to them. Whether you’re considering a project manager, salesperson, administrator, new shop, or another major expense, your budget should show how that decision will affect the bottom line.\nThe goal isn’t to create a document that gets filed away. The goal is to create a working financial roadmap that can be reviewed throughout the year, compared against actual performance, and adjusted before a small problem becomes a financial emergency.\nIn This Episode, We CoverWhy having money in the bank does not necessarily mean the company is performing wellThe difference between cost of goods sold and operating expensesLabor burden, including payroll taxes, insurance, workers’ compensation, benefits, PTO, and retirement contributionsHow to export monthly financial history from QuickBooks into ExcelWhy percentages of revenue are essential when planning labor and direct costsHow to create realistic monthly revenue goals around seasonal cyclesHow to model future hires before adding them to payrollHow to calculate the complete cost of adding a shop or facilityWhy a 1% net profit projection requires immediate changesThe difference between net profit and the owner’s total return on investmentHow to...","thumbnail_url":"https://img.transistorcdn.com/pdEIPdN9aIYAPyzyMbtjCAiKcSsD7VyQq1yYVVylzns/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS85YzFh/YTc4MTAyNWY2NzFl/NWUzZjc2MGNjYjc4/ZjEzMi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}