Your Budgets Final Steps

Website: https://foundationaccounting.com Hello, Profit Hackers! I’m Jeremy Lott, Chief Visionary for Foundation Accounting and Consulting. In this episode of the Contractor Profit Hackz Show, we wrap up our four-step budgeting process. We cover the final step: figuring out your selling general and admin expenses, handling recurring vs. non-recurring costs, and tying everything back to your net profit goal. By the end of this episode, you’ll know how to create a complete contractor budget that supports your why and helps you reach your financial goals. If you found this episode helpful, please like and subscribe for weekly episodes to help you fuel your profit, level up your cash flow, and finance your growth. Timestamps (copy-paste ready): 00:00 – Introduction: Hello, Profit Hackers! 01:10 – Purpose of the episode: Final portion of budgeting 02:05 – Story from college wrestling and lessons in consistency 04:30 – How consistency applies to selling general & admin expenses 06:15 – Listing categories for recurring payments 08:00 – Handling non-recurring costs in your budget 10:00 – Reconciling historical numbers with monthly budget 12:15 – Calculating gross profit and net profit 13:40 – Example: $200,000 net profit goal 15:00 – Wrapping up: How to use these steps for your own budget 16:00 – Outro & final tips