This week on Contractor Cuts Podcast, we dive into a critical aspect of running a contracting business: how to pay your labor. The guys discuss why relying on daily/hourly labor can be a recipe for disaster, especially as you scale your company.
While paying this way might work when you're closely supervising your subcontractors on job sites, it becomes increasingly difficult to manage as your company grows. A better alternative is a work order system, which pays your crew based on completed tasks and deadlines. This system provides motivation for subcontractors to finish projects earlier, get paid sooner, and free up time for more jobs.
Tune in to hear the guys share their experience with both payment systems and why they switched to work orders for their contracting company. Get insights, tips and advice from seasoned professionals on how to make the best choices for your business. Don't miss this essential episode of Contractor Cuts!
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Apple Podcast: https://podcasts.apple.com/us/podcast/contractor-cuts/id1586640379
Spotify: https://open.spotify.com/show/4SE77KI88ITOlEU8FY8GPr?si=1f77d88d0d684975
YouTube: https://www.youtube.com/@contractorcuts
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Information
- Show
- FrequencyUpdated Weekly
- PublishedMay 30, 2022 at 1:00 PM UTC
- Length17 min
- Episode34
- RatingClean