Inflation, Rising Costs & Protecting Your Margins as a Contractor - Forge Contractor Alliance Podcast
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Inflation is changing the way contractors do business. Material prices are climbing, labour costs are rising, and profit margins are getting harder to protect. Even when revenue is up, the cost of running a business can leave you making less than expected.
In this episode of the Forge Contractor Alliance, Josh and the team discuss the realities of rising construction costs and what small business owners can do to stay profitable. From unexpected supplier increases and missed invoice changes to pricing jobs accurately and protecting margins, they share lessons learned from real experience in the trades.
The conversation also looks beyond day-to-day operations at the bigger picture of business ownership, including real estate, long-term investing, and building something that provides financial security well beyond your working years.
Because staying busy isn't the same as being profitable. And building a successful business takes more than bringing in revenue. It takes a plan.
Original theme music composed and performed by Ben Smith
Produced by Seth Steward Productions
Co-produced by Kalen Wookey
Website: https://forgealliance.ca/
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