TCF507: Contractor Q&A: "Is 7% growth good or bad or average?"
The Contractor Fight with Tom Reber · Tom Reber
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Show Notes
Dan and Tom address a question from Jeff, who says that his business grew by 7% in March as his sales numbers rose. He asks if that is good, bad, or average.
In this episode, we talk about…
- In what way is a business growth rate good, bad, or average?
- You define your own success; nobody else.
- Whether your growth is good, bad, or average depends on what your goals were
- Growth is not necessarily a win.
- Have a gross profit dollar goal, overhead dollar goal, and net profit dollar goal — base your assessment on those rather than your top line.
Resources:
Submit your questions to [email protected] with the subject “Podcast” and Tom and Dan will try and answer them on an upcoming show.
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