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84 Understanding and Utilizing Labor Burden
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In this insightful episode, Christeen Era and Steve Bousquet delve into the often-overlooked but crucial topic of labor burden in the green industry and beyond. They begin by defining labor burden, highlighting it as more than just wages, and encompassing taxes, benefits, training costs, and unbillable hours. The discussion emphasizes the importance of understanding labor burden for accurate pricing, maintaining profitability, and preventing financial bleed in a business.
Christeen provides a detailed breakdown of how to calculate labor burden, including direct and indirect costs, and the significance of accounting for non-billable hours. Steve shares real-world examples of how mastering labor burden has transformed his business and could potentially yield multi-million dollar gains over a business career. They encourage listeners to transition from emotional pricing to fact-based pricing strategies to ensure business sustainability and profitability. The episode concludes with a call to action for business owners to review their labor burden regularly and seek professional guidance if needed.
Step-by-Step Guide to Calculating Labor Burden: growgpa.com/calclabbur
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The Green Profit Academy Pros Podcast digs into the challenges in growing a Lawn Care and Landscape business while maximizing your profit. Christeen Era, and Steve Bousquet. are green industry experts in profit, growth, and leadership.
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