Improve Your Construction Profit Margin: https://www.theaspireinstitute.com/blog/are-you-leaving-money-on-the-table-with-every-job What is the average markup for a General Contractor? Coach Jake explains the best approach. With Construction Business Coaching from The Aspire Institute for Contractors, you will learn how to: • Accurately calculate your True Job Costs (including overhead and labor) • Avoid being "busy" but unable to make payroll by understanding markup vs. true construction profit margins • Make informed decisions to ensure sustainable growth Understanding your true cost for each job is crucial because it prevents the common pitfall of working harder but keeping less, which often happens when contractors focus solely on revenue without considering construction profit margins. By factoring in all expenses, including often-overlooked overhead, fully loaded labor costs, and your own compensation, you can accurately price your services and ensure you're actually turning a profit rather than just breaking even. This knowledge allows you to make informed decisions about which jobs to take and how to price them fairly for both you and your customers, and it ultimately helps you build a sustainable, profitable business rather than one that struggles financially despite a full workload. The Aspire Institute for Contractors has helped thousands of GCs navigate the complex decisions they face as New Home or Residential Remodeling Construction Business Owners by providing coaching on business practices to reduce General Construction profit leaks in estimating, production, and project management, to providing business education for marketing, sales, and staffing for your new home or remodeling general construction business. For more information on how the Aspire Institute can help your residential General Contractor Company reach new levels of success, reach out today. https://www.theaspireinstitute.com