Builder Stories

← Builder Stories2 Sept · 52 min

Turning $100,000 in Debt Into a Thriving Remodeling Business | Todd Milton of Milton Construction Company

Turning $100,000 in Debt Into a Thriving Remodeling Business | Todd Milton of Milton Construction Company2 Sept52 min

Todd Milton inherited his father's sterling reputation as an Appomattox, Virginia home builder, then nearly ran the company into the ground. He then attended a two-day conference that exposed how badly he had been pricing jobs, and that same year he closed the books $100,000 in debt. He rebuilt his pricing, rewrote his contract into something that protected him, and slowly turned a business run off a legal pad into one with real financial software behind it. Today he's learning when and how to step back and let his team lead.

In this episode you will learn: The pricing myth he believed for nearly a decade that bled his company dry The unconventional method he used to climb out of six figures in debt The formula that finally showed him what he actually needed to charge to turn a profit How long it really took before his marketing investment started paying off The advice from a client that changed the way he leads his team Resources: Hear the full conversation on Builder Stories. Learn more about Todd's work here.