Financial Strategies for Profitability Despite 8th Grade Math Skills

By Cass Jacoby, RCS Reporter.  

In episode 14 of Contractor Evolution, Igor Trninic takes listeners through a step-by-step strategy on building a strong financial plan.

Contractor Evolution is a new podcast from Breakthrough Academy, produced specifically for high-performing contractors who want to scale up, work less and increase profitability. While a lot of other shows focus on early-stage growth challenges, Contractor Evolution focuses on real-life scenarios faced by contractors who are scaling at a rapid rate, and how they keep everything dialed in without losing sight of their work/life balance.  

The 14th episode to come out of Contractor Evolution focuses on the importance of budgeting and financials in your business, explaining how these numbers should inform your decisions as the company leader. Ensuring that a business is profitable is a primary job as a business owner, and, at the end of the day, business is a financial exercise.  

Join host Benji Carlson as he discusses with Igor Trninic how to cope with the failure that comes with the experience and repetition needed to have expert financial know-how. They go into why it is important to take control of your financials as a leader and how to build these necessary budgeting skills.  

Igor explains that developing your own chart of accounts will help mold it to your business and management style. Further, he shares  that to get your financials where you want, you have to analyze where you’ve already gone. Being in charge of your own financial skills is deeply important when planning growth, because so much of your goal setting and strategic plan for your business stems from financials.  

Listen to the rest of the podcast to learn a step-by-step strategy to build a strong financial plan.

Learn more about Breakthrough Academy in their RoofersCoffeeShop® Directory or at their website at btacademy.com.