Analyze Job Performance and Financials

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Q & A Decoding Estimates for Construction, Landscaping and Lawn care #1

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What happens here

The core of refining your bidding strategy lies in analyzing past jobs. After completing a job (even one bid using the 'Lick and Stick Method'), meticulously record the actual time, resources, and costs involved. Compare these real numbers against the price you charged. For example, if you charged $400 for a job that took 4 hours, your hourly rate was $100. If the same job took 10 hours, your effective hourly rate dropped to $40. This analysis reveals whether your initial bid was too high (potentially losing bids) or too low (losing profit). The host stresses that every job, even those where you 'lose' money, is a learning opportunity.

Goal: Evaluate the profitability and efficiency of completed jobs to identify areas for improvement in future bids.

Tools and materials

Spreadsheet Software Microsoft Excel — To track job costs, time, and revenue for analysis
Timer/Clock Smartphone timer — To accurately record time spent on a job
Past Job Data N/A — To analyze and compare against bids

What they say

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it the the Lincoln stick method is a fine place to start but when you do a Lincoln stick Francisco what you need to do from that point is you need to analyze your numbers see you've already cut some trees down you've all you already know hey I charge $400 for this tree it took me how many hours did it take you four hours if it took you four hours you guys can go I made I made a hundred dollars an hour so there is a way that that is a fine place to start what I want to talk about is how you go into the bidding when you're unfamiliar with the work and some of it is guesswork some of it is going out and trying find out what other people are doing in your area to come up with the numbers that they're coming up with and then applying that to the real world so when you're doing this job that $400 job we go back and it took you ten hours you know I only made $40 an hour because I charge $400 I need to up my bid on the next job so every job that you come into you should be looking at your numbers analyzing where you come up did you come out good did you come out too low did you come out ahead and then taking it to the next level and refining those numbers so every area is different it doesn't matter if you're in Milwaukee Wisconsin Mendota Heights Minnesota if you're in San Francisco if you're in Austin Texas those numbers are gonna vary but what you that that doesn't mean that you still can't tackle these jobs what it means is you've got to take the time to look at how you came out on each job should only have to get to three jobs under your belt and yes you are going to lose on some jobs those jobs are fine because you'd never technically lose you always learn now if you don't learn on a

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