"Pricing Mastery Simplified for Builders & Remodelers" empowers construction professionals to transform their businesses from operational to strategically profitable. Author Randy Stanbury reveals the five crucial elements of pricing mastery, simplifying a complex process often avoided. This book tackles seven common pricing mistakes and unveils the only four ways to significantly boost net profit. Beyond simple markup, it emphasizes financial literacy as the foundation for effective pricing. The accessible format includes bite-sized chapters, illustrative examples, and practical tools like spreadsheets and a 24-page digital pricing guide. A bonus webinar further solidifies understanding, equipping readers with the knowledge and resources to achieve pricing mastery and build lasting financial success.
Review Pricing Mastery Simplified For Builders & Remodelers
Let me tell you, "Pricing Mastery Simplified" by Randy Stanbury is a revelation! I've read several of Randy's books, and while they've all been excellent, this one feels like the missing piece of the puzzle, the keystone to everything else. Honestly, if I could go back in time, I'd insist he write this one first! The impact it's had on my thinking – and my business – is nothing short of transformative.
The book tackles a subject that many builders and remodelers, myself included, tend to shy away from: the financial nitty-gritty. We're good at building, at managing teams, at understanding the practical aspects of the job. But the financial side? That often feels like a murky swamp best avoided. This book pulls you out of that swamp and into the bright sunshine of financial clarity.
What I appreciated most is the way Randy simplifies complex accounting and financial concepts. He doesn't dumb it down, but he explains everything in a clear, concise, and incredibly accessible manner. He breaks down those intimidating ideas into manageable chunks, using real-world examples that resonate with the everyday realities of running a construction business. The "5 Things You MUST Know" and the "7 Mistakes to Avoid" sections are particularly impactful, offering practical advice that's immediately actionable. They're not theoretical; they're directly applicable to my projects and processes.
I particularly loved the emphasis on "knowing your numbers." It sounds obvious, but the level of detail Randy provides on tracking costs, aligning cost codes with estimating and invoicing, is genuinely game-changing. I've seen firsthand how many businesses lose money because of poor financial tracking; Randy's approach is a crucial antidote to this problem. It's not just about adding a markup anymore; it's about understanding the true cost of a project, anticipating potential challenges, and ensuring profitability at every stage.
The accompanying digital guide and webinar are fantastic bonus materials. They provide extra tools, spreadsheets, and formulas that make the process even smoother. It's not just a book; it's a comprehensive system designed to empower you to take control of your pricing and, ultimately, your financial future. The added resources truly elevate the experience from a good read to a practical, hands-on guide.
This isn’t just about increasing net profit, though that's a significant benefit. It’s about shifting from being a business operator to a strategic, financially savvy entrepreneur. It's about gaining the confidence to make informed decisions, to price confidently, and to grow your business with a clear understanding of your financial landscape. If you're tired of guessing, of leaving money on the table, or simply struggling to grasp the financial aspects of your business, this book is an absolute must-read. Seriously, don't price another project until you've read it. You won't regret it.
Information
- Dimensions: 5.5 x 0.36 x 8.5 inches
- Language: English
- Print length: 157
- Publication date: 2024
Book table of contents
- Dollars and Sense
- The Profit and Loss Basics
- Breaking Even
- The Only 4 Ways to Increase Net Profit
- 12 Critical Numbers
- Mind Your Business_ Modell
- Execute Yout Estimate
- Keeping Your Currency
- You Can't Win If You Don't Keep Score!
- Where Does Your Cash Flow
- The Bonus Track
Preview Book
