E553: Protect Your Profits

Businesses exist to make a profit, be sure to protect yours.

 

  1. Profit is not a dirty word
    1. It keeps businesses in business
    2. It supports the economy
    3. It supports charity
  2. Don’t be afraid to stand up for your profits
    1. Don’t let clients push you around
    2. Stand up for change orders
      1. No “catch you later”
    3. We can help the client save money but not by giving up profits
  3. 5-key things to protect your profits
    1. A good estimate
    2. Accurate budgets
    3. Proper schedule
    4. Good contracts, purchase orders and subcontracts
    5. Monitor and manage
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