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Finance: The contractor's formula to success for good times and bad

from Professional Remodeler

With the right formula, the successful contractor of the future will generate profit in good days or bad, writes educator and management consultant Thomas C. Schleifer, Ph.D. “Some say the overhead paradox is that you can't get half a person, half a truck, or half a piece of equipment. But actually, you can,” he writes, adding that overhead costs should be between 15 percent and 25 percent, and more importantly, be flexible and regarded as temporary. more

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