In today's episode, Tom talks about three common bidding mistakes that contractors often make. These can really hurt your profits and overall satisfaction with your business.

First off, Tom stresses the importance of being upfront and communicating clearly with your clients. You need to ask questions and document everything before signing a contract to avoid any misunderstandings.

He also emphasizes the significance of breaking down projects into three phases and calculating all associated expenses. You need to make sure you're accurately assessing your direct costs and using job costing for cost evaluation.

And lastly, Tom reminds us that having good sales skills is a major key to success in contracting. You need to focus on understanding your clients' needs and providing valuable solutions instead of just sending out bids.

So, if you want to improve your profits and make your business more successful, you need to start applying these strategies to your projects ASAP.

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Tom Reber is an entrepreneur, business coach, podcaster, leader of The Contractor Fight, creator of Contractor Fight TV and HGTV host. Tom's content has helped hundreds of thousands of home improvement contractors improve their lives and businesses.

The Contractor Fight is the ultimate resource for becoming an uncommon contractor!
Pick a fight with mediocrity. Live Unafraid.

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