225. Running Profitable Projects With Russ Stephens and Erika Mosse

Understand and track your fixed expenses per job per day to accurately assess the cost of project delays and make informed decisions.

Implement a 'pricing for profit' methodology that adds a net profit to each job by factoring in all costs, ensuring guaranteed profitability.

Develop robust contracts and vetting processes for subcontractors, clearly outlining expectations and potential penalties for delays.

Create and utilize a client handbook to set clear expectations, prevent scope creep, and manage client selections effectively.

Document all internal processes and roles within your company to reduce friction, improve efficiency, and enhance overall profitability.

Use project management software to maintain a single source of truth for schedules, communications, and documentation, streamlining operations and minimizing errors.