The Hardest Decisions Every Contractor Has to Make

What should you do when you're booked months in advance but customers keep calling? Are you experienced enough to start charging for your work? Should you lower your price to keep a longtime customer?

In Episode 86 of The Better Contractor Podcast, Brent and Alex answer three real questions submitted by members of The Better Contractor Facebook group.

They discuss when contractors should hire more employees, rent or purchase additional equipment, raise their prices, turn down unprofitable work, and walk away from customers who only care about receiving the lowest bid.

Brent also shares advice for newer contractors who are still building their skills and confidence. You do not need to know how to handle every possible project before starting a business—but you need to understand your current capabilities, price your work appropriately, manage your liability, and continue improving.

In this episode:

00:00 Introduction

00:33 What to Do When You're Booked Months in Advance

01:23 Hiring More Employees and Adding Equipment

01:48 When It's Time to Raise Your Prices

02:32 Using a Premium "I Don't Want the Job" Price

03:07 Turning Demand Into Business Growth

03:44 Starting a Contracting Business With Limited Experience