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Optimize Project Selection

6:48
14:52
19.1K views

At 6:48 in

His MISTAKES cost his Construction company BIG $$$$ pt1

What happens here

With a clear understanding of profitable niches, the business must pivot its project selection process. Instead of accepting all available work, contractors should actively "cherry-pick" jobs that align with their profitability goals. This strategy necessitates confidently declining projects that are excessively time-consuming, low-margin, or introduce unnecessary liability, even if they contribute to high top-line revenue. By making this strategic shift, Gabe was able to maintain similar net profits while significantly reducing his overall sales volume and workload, demonstrating the power of focused project acquisition.

Goal: Shift from accepting all work to strategically choosing projects that maximize profit and minimize effort.

What they say

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you know that really that really slapped me across the face but you know it's it's tough because I I'm I'm really known where I live as like the guy that gets and again there's a lot of me it's not just me but the guy who remodels the whole house call Gabe he'll take care of the whole thing okay he'll quarterback the whole thing and I'm good at it but if the numbers aren't there it's like I so so you started to get this epiphany that why am I doing this amount of work for this amount of profit when I can take on jobs that is about this amount of work and has this amount of profit you know so you were do so you started to to micromanage or micro dig into your business and find the really profitable icon the the they I don't know what you where the riches are in the niches yes okay so what you call it that or whatever you feel you're cherry-picking your best jobs so were you able to start to figure out which jobs we're actually the best jobs and then kind of start to model your business to go after just those absolutely and and some of those jobs like for instance like I'm a licensed general contractor so you know I'm not an electrician or a plumber like you have to have separate licenses for a lot of stuff but I have under my license I have a handful license as I already own I already own them framing remodeling painting roofing as an example roofing is one roofing is very it's not many people want to do it especially in Hawaii that's really hot there but Roofing was one example exterior work in and out you don't have to go inside someone's house that's a whole nother story for another day inside of someone's house it's different than working on the outside of their house okay so I found that the profit margins for whatever reason are higher when you stay outside of someone's house that's bizarre yeah do you know why I think there's more guys that are willing to go inside and there's more guys who will go in and paint maybe there are that we'll go and get up on your roof okay so you can charge a premium price because you're doing a job that nobody else wants to do it so it's basically the law of supply and demand attempt yeah and the law of scarcity like you know the roofers are scarce there okay but there's a million painters that will come in and paint your bedroom okay so they like to work in the air yeah so I just started realizing like you know everybody wants to work in the air conditioning and inside and listen to the radio all day and all that great…

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