The fun part of owning a construction company is you get to set your salary

The fun part of owning a construction company is you get to set your salary


But how much should I make?

No more than you need to live on. Then, plan on a 5% raise each year.

If you have a great year, it can go up, but no more than 10%.

Your business pays you to work there, so run a tight ship. You can get a bonus, 10% of the profit is sufficient. (All of this is part of your tax strategy in conjunction with your accountant)

The bottom line is to treat your pay as you would any employee.

Please feel free to stop here or follow along for some geeky math.

Your salary is $100k, and you are doing $1M/yr. (Salaries are 10% of revenue)

In five years, you have grown to $3M/yr.

Your Salary is $121,500 + a $30k bonus.

If 10% of revenue is allocated to salary, you have $178,500 to hire staff, with 10% of profit allocated to their bonuses.

You are making $151.5K in salary, and the business made $240k after bonuses.

Your bills have been paid, and now you need to decide what to do with the money.

Business is about making money by the numbers.

The business makes money; your salary covers your bills.

Now you are in the game

By the way, my “Construction Business Success Formula” coaching group may be what you have been looking for, and a new group is forming now.

These are the topics we discuss and resolve to help you build the success you are looking for in your business.

Your business will transform once you associate with like-minded builders.

It is for builders and subcontractors (separate groups), business owners who want a business that runs with less daily hassle, makes them good money, and allows them the freedom to enjoy their lives and work.

These are the topics we discuss and resolve to help you build the success you are looking for in your business.

Your business will transform once you associate with like-minded builders.

It is for builders and subcontractors (separate groups), business owners who want a business that runs with less daily hassle, makes them good money, and allows them the freedom to enjoy their lives and work.

The Construction Business Success Formula is not a "Lead gen or get rich overnight" coaching program. The construction business foundation system has taken me over 30 years to master. This is literally my genius zone. 

I recorded a 10-minute video that explains what it is. Check out the CBSF video link on my profile.

DM me now; the next group is forming, and space is limited.

Make 2025 YOUR year!

Harry McWilliams

I Help Trade & Construction Founders Generate More Attention & Projects With Content & Outreach → $610K+ / 1.7M+ Views Generated For Clients.

1mo

Thank you for shedding light on this important topic. 🧠

Ethon Begoun

Owner & CEO at American Home Maintenance Service & Repairs,LLC.

1mo

Stay curious my friend

Duane C. Barney

I help mid-sized builders Improve Business Operations. Good operations are key, but upgrading and implementing new strategies takes time and experience.

1mo

Plan for the long term, work like there's no tomorrow.

Like
Reply
Ethon Begoun

Owner & CEO at American Home Maintenance Service & Repairs,LLC.

1mo

BS

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