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Modern Craftsman

Midweek with Tyler: Tracking Hours for Profitability

Modern Craftsman

Modern Craftsman

Reno, Architect, Business, Projectmanager, Careers, Newconstruction, Homerenovation, Build, Interiordesigner, Carpentry, Construction, Builders

4.91.1K Ratings

🗓️ 20 February 2025

⏱️ 31 minutes

🧾️ Download transcript

Summary

This week, Tyler focuses on the importance of tracking hours and managing projects effectively to ensure profitability. He discusses strategies for budgeting, scheduling, and holding trades accountable to avoid cost overruns and maximize margins.

 

The Modern Craftsman:

linktr.ee/moderncraftsmanpodcast

Find Our Hosts

Tyler Grace 

Podcast Produced By:

Motif Media

Tyler's Top Blogs:

How I Started My Business

Books that Build

Site Protection Principles

My Preconstruction Process: Part 1

Becoming Proficient in Multiple Trades

Transcript

Click on a timestamp to play from that location

0:00.0

A lot of issues arise in our world because of bad sequencing.

0:03.9

You don't want your trade standing around.

0:05.5

You don't want your team standing around.

0:07.3

You want people to be productive.

0:08.8

You want your team and your subs to be making money.

0:12.1

And the better that you can create a plan moving forward and manage that on the back end,

0:18.4

the more profitable everyone's going to be. The happier everyone's going to be, the more profitable everyone's going to be.

0:21.2

The happier everyone's going to be, the happier your customers are going to be.

0:28.9

What is up, everyone?

0:30.5

Welcome to another midweek modern craftsman, where today we are going to be diving deeply into tracking hours

0:41.1

during a project to ensure that you are remaining profitable. I've learned over the years

0:47.2

through my own business, through consulting with contractors across the country, that money is not made when you sold the project,

0:57.8

right? I just sold a $200,000 kitchen. I'm going to make so much money on this. The money is actually

1:02.4

made through proper management and systems on the back end of a project. And so many of us lose money

1:10.4

due to inefficient management or

1:13.2

ineffective systems to ensure that we aren't over delivering or under budgeting during a

1:21.3

project. So how do you manage your time, your trades, and your projects to ensure that they are

1:26.7

not exhausting time, money, and resources

1:29.4

on a project that just can't afford it.

1:33.6

Another thing that I'm going to dig into real quickly here is what we did this weekend.

1:40.4

And we've been polling a bunch of our audience through modern craftsmen through our

1:45.6

email and i really appreciate all the responses um and i've gone through all of them and uh it's

...

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