Too many contractors fall into the trap of paying themselves only after everyone else — vendors, crews, the IRS, the bank — gets paid. You started your business to create freedom, not to be the lowest-paid employee.

The problem is not just mindset. If your system is set up so you’re “hoping” there’s something left over for you at the end of the month, then you’ve got it backwards. Paying yourself first forces you to run a leaner, more profitable operation. You set a goal, then build the rest of your expenses and decisions around it.

Real World Mistake & Lesson:

A general contractor we worked with hadn’t paid himself consistently in 18 months. Once we created a plan to set aside a fixed draw every two weeks — and structured project billing to support that — he finally started building personal wealth, not just business revenue.

 Pick up your free copy of my new book, “The 7 Minute Conversation-How to Hear the Story Your Small Business Financial Statements Are Telling You-CONTRACTOR EDITION”.  Go to www.7MinuteConversationBook.com

Ready to find out where your cash and profits are really going? Book your free 15-minute Profit and Cash Flow Call with me. No pressure. Just real clarity. I’ll help you see where your money’s hiding — and what to do about it. Schedule at www.CashFlowCallWithLarry.com