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What is overhead & profit in construction? If you don't understand these terms, you'll have a difficult time keeping your business afloat! In this video, I'll explain exactly what overhead and profit mean and how these play a part when calculating your total bid for a project! 💡 PROFIT CALCULATOR: https://contractorprofitcalculator.com Key Moments In This Episode ======================== 00:00 Intro 00:32 Common Problem 01:31 Profit Goals 02:22 Overhead 03:23 Profit 04:48 Example 05:49 Markup Costs 06:22 Variable Factor 06:51 Job Costs 07:43 Summary 08:01 Learn More Resources ======================== Construction Business Coaching, Consulting & Mentoring - Systems, strategies, and hands-on help to grow and turn your construction company into a Profit-Making Machine available at https://hardhatbizcoach.com/ George’s Book: “Turn Your Construction Business Into A Profit-Making Machine!” is available at https://a.co/d/cdm2xf1 George’s complete BIZ-Templates & Tools catalog is available at https://hardhatbizcoach.com/shop/cons... Book George to speak at your for your next meeting or event: https://hardhatbizcoach.com/speaking/ Subscribe to the channel: / @hardhatbizcoach Learn More About George Hedley - Hardhat BIZCOACH ======================== George Hedley CPBC is a Certified Professional Business Coach and construction business-building expert. His BIZ-BUILDER BLUEPRINT is the complete system to organize, manage, and grow your profitable construction company. He was named the ‘Business Coach of the Year’ by the Professional Business Coaches Alliance and earned the prestigious ‘Certified Speaking Professional’ designation from the National Speakers Association. Through his hands-on business coaching and consulting, training courses, workshops, keynote presentations, and more, he helps contractors and construction business owners get their businesses to work, grow, get organized, and always make a profit. Years ago, he founded and built his commercial construction company to over $50 million in annual sales. His 40 years experience as a contractor and a business coach working with 1,000’s of contractors, he developed the step-by-step process to help construction business owners make more money, implement proven systems, manage talent, implement their 5-year business plan, develop high margin customers, and move to the next level. ======================== Video by Nate Woodbury BeTheHeroStudios.com / natewoodbury #Construction #Business