TCF958: He has 22 Open Jobs, and His Project Manager Quit on Him | Contractor Intervention
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Description
His project manager walked off the job, 22 open jobs waiting to be completed, negative net profit,  unhappy clients, and a team that’s been reduced after the PM quit on him — Matt, a third-generation contractor from Massachusetts, is facing some major business challenges. Tom sits down with Matt to find a way out of this tough situation. Episode Highlights: [00:00] - Intro [00:19] - Matt’s background and business overview [00:38] - The project manager walked off the job [03:40] - Strategy to tackle these challenges [06:20] - Communicate with clients, even when the news isn’t good [07:20] - Focus on finishing one project at a time to avoid profit leaks [11:03] - Managing the remaining team after some crews left [14:32] - Tom’s experience with a similar situation [17:04] - Reverse engineering projects and setting daily milestones [18:55] - $1.5 million in pending projects [19:34] - How the situation is affecting both his business and home life [22:48] - Leadership shortcomings that led to this situation [24:12] - The importance of hands-on leadership and accountability [26:40] - Non-negotiable commitments Matt must make  [31:15] - Focusing on man hours and targets [32:50] - Tom’s 20 steps to a successful project [35:14] - Impact of his current business on sales [41:31] - Training the team to solve problems independently [44:11] - Matt’s plans to hire a new project manager [47:07] - Biggest takeaways from the conversation [49:40] - Closing remarks Resources: 💰 You didn’t become a contractor to struggle financially. Download our worksheet and start calculating a 50% gross profit on every job. It’s time to get your shit together! https://thecontractorfight.com/50/  💸 Grab your copy of our FREE Contractors Guide to Spotting Cheap Prospects here: https://thecontractorfight.com/cheap  == Join us in BATTLEGROUND == Everything your contracting business needs in one comprehensive program with three main focus areas: Leadership, Communication, and Numbers. For more info, check out: https://TheContractorFight.com/Battleground  == Get your questions answered and connect with other contractors building stronger businesses in The Contractor Fight: https://thecontractorfight.com/facebook  == Grab the Gear == https://gear.thecontractorfight.com/  == Find Us on Social Media == YouTube: https://www.youtube.com/c/TomReber  Instagram: https://thecontractorfight.com/ig  == Rate the Podcast == Help your fellow contractors find the podcast! Please leave a rating/review!  Apple Podcasts   Spotify 
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