Dial In Your Pricing to Ensure Profitability

The budgeting tool in SynkedUP starts by adding up all of your overhead expenses. Then it looks at the total production hours your crew works in a season to figure out how much of those expenses should be tied to each labor hour. When you add that overhead amount to your direct labor cost per hour, you get your breakeven rate. From there, SynkedUP adds your desired profit margin to find your hourly rate.

The best part? It’s incredibly easy to keep your overhead expenses and your crew’s labor hours up to date, so your pricing stays dialed in to the penny. Insurance going up? Just bought a new truck? No problem. Update your SynkedUP budget, and the very next proposal you send out is instantly adjusted to earn the profit you need and deserve.

The sooner the better. Seriously.

We work with thousands of contractors, from their first $100k in revenue to $10m+ in revenue, and help them dial in their rates with a solid budget. We’ve heard, “Oh my, I lost so much money by not doing this sooner” countless times.

It’s like the old adage of planting a tree. Want shade? Plant a tree 5 years ago. Profits don’t happen by accident. They are a result of intentional planning.

Don’t stress. We do this day in and day out, and we’re on your team.

The SynkedUP budget builder makes it super easy to build your first budget within minutes, even for first timers. Simply answer a series of questions that you’ll already know the answers to off the top of your head.

Need to dig in and get more advanced? You have access to a dedicated SynkedUP financial coach on 1-1 zoom sessions, who’s been in the trenches for decades and knows what it takes to set up your business for success.