Know Your Numbers

This seminar is designed for contractors, business owners, and project managers who want to better understand the financial side of running a construction business. Participants will learn how to track, analyze, and manage key business numbers — including labor costs, overhead, payroll expenses, profit margins, and cash flow — to make informed decisions that improve profitability and long-term stability.

Through practical examples and step-by-step instruction, you’ll learn how to calculate your true cost of doing business, set realistic markup and margin goals, and evaluate project performance using real financial data. Whether you’re managing a growing company or preparing for your contractor’s license exam, this course provides the tools and knowledge you need to confidently “know your numbers” and manage your business for profit and success.

TOPICS •

 How to calculate and understand true labor costs, including payroll taxes and burden

• Identifying and managing overhead expenses that affect profitability

• Understanding markup vs. margin — and how to set each correctly

• Calculating gross and net profit for accurate job costing and business planning

• Determining break-even points and setting revenue goals

• Tracking and analyzing job performance using financial reports

• Creating budgets and forecasts to manage cash flow effectively

• Avoiding common financial mistakes that reduce profit and stability

ADDITIONAL INFORMATION • Lunch is included • Math for Contractors Seminar is recommended as a prerequisite