Job Estimation and Profit Margins

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2 kids just out of high school bring in $625,000 a year using Techniques MOST PEOPLE DON'T KNOW! 2/2

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What happens here

The owners describe their approach to job estimation and maintaining profitability. Garett explains that for every project, they meticulously break down all potential costs: fuel for machinery, labor wages, and overhead. He aims for a 50% profit margin after all expenses. Marlena adds that they typically achieve 35-40% profit margins, sometimes reaching 50% on certain jobs. They emphasize that building strong relationships and trust with clients is crucial, as it leads to repeat business and allows for better pricing negotiations. They stress the importance of clear communication and delivering on promises to build a loyal customer base.

Goal: Learn how to estimate jobs effectively and maintain healthy profit margins.

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guys are gonna see it's not fancy but it's a hundred percent paid for and this is one of the things that you're gonna have you guys I don't care I'm sick I am so sick of these guys flat flaunting their brand new equipment shoving it down your face because right here this truly is the road to success but you guys are going to see and what Garrett and what Marlene did in their very first year the sacrifice it took tell me about this excavator because you own this 100% so this actually bought so how 16 I were perfect commercial landscape companies look nearby and I basically took everything I made that summer before I even started the business and bought this it was so a guy had down here in the cities and you went he basically moved to northern Minnesota you went out of business and liquids equipment so I paid twelve five for it how about the loaders that I see running in the back this one that ones least this one we bought we rented for the first year we don't want to give a 17 year old you know a skid loader so we basically leased out on me and we bought this one and this machine this machine is running every single day at least four hours a day and an hour six a day every single day say you've got a pretty massive project going now how did you learn first off tell me real quickly guy [Music] we're so weird the house here is elevated about 14 feet above the water so we're basically just starting here and cutting the grade down so they have usable space at the lake so they can put a dock in their boat because if it was beautiful right up at the lake so they'd know useful lakeshore so I started the permitting process for this about three months ago so it's been at first it's been girl but we finally got a pass so I first time I step foot on this property as well three months ago and we're gonna use some of the front the fillers like a swale in the front were going to have level that up and they were gonna haul the rest away and then we scraped up all the decomposable stockpile that over there and then when we're done we get the grade cut we get everything created out we're gonna spread that back over here rotor tilt and break up all the side and then seat it gonna put erosion blanket so my next question is how did you guys figure out to bid a $40,000 prize partially from watching your videos and really the k-project anytime I go to look at I just look at what it's gonna cost me break down everything like everyone how much fuel that's gonna burn in a day how…

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