In our latest episode of the Kid Contractor Podcast, my co-host (and wife) Brittany and I dove deep into some of the key financial lessons we've learned over the years. One of the biggest takeaways was the importance of having a solid handle on your overhead costs and labor hours. We use a system called "multiple overhead recovery" where we carefully budget out our annual overhead expenses and then ensure we're recovering that across the billable hours of our crew. It's so easy to underestimate how much it really costs to run the business, and if you're not vigilant about it, those overhead costs can quickly eat into your profits. We also discussed the risks of "floating" expensive equipment like excavators and dump trucks on the road. While it's great to have that capability for big jobs, the liability of having hundreds of thousands of dollars' worth of machinery out there is substantial. One fender bender with an uninsured driver could wipe out an entire project's profits....

Hey there, Kid Contractor listeners! Caleb here. Just wrapped up another episode with Brittany, and boy, did we cover some ground. We dove deep into the nitty-gritty of running a landscaping business - talking about revenue per hour, budgeting, and why having a pro handle your books is a game-changer. We've been laser-focused on our financials this year, and it's paying off big time. If you're still doing your own accounting, trust me, it's time to reconsider. We've seen a huge difference since bringing in the experts. We also chatted about equipment buying strategies for you new business owners out there. Pro tip: specialize as much as you can early on. As always, we kept it real - sharing our wins and our "learning experiences" (aka mistakes). Remember, knowing your numbers inside and out is key to success in this industry. Catch you on the next episode, and keep crushing it out there!