Midweek with Tyler: Why Tracking Every Hour Matters

Modern Craftsman

Reno, Self-improvement, Entrepreneurship, Education, Architect, Business, Projectmanager, Careers, Newconstruction, Homerenovation, Build, Interiordesigner, Carpentry, Construction, Builders

4.9 • 1.1K Ratings

🗓️ 8 May 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Tyler talks about one of the most overlooked threats to profitability in small construction businesses: failing to track your time. He shares strategies for setting your rate, managing client optics, and building a leaner, more sustainable business model that protects both your income and your energy.

Show Notes:
Capturing and Accounting for Time in Small Construction Businesses (0:00)
The Importance of Tracking Back-End Time (4:08)
Strategies for Setting and Managing Rates (16:17)
The Role of Consulting and Coaching (23:10)

Video Version:

https://www.youtube.com/watch?v=SYPQqc7z1ig

The Modern Craftsman:

linktr.ee/moderncraftsmanpodcast

Find Our Hosts:

Tyler Grace

Podcast Produced By:

Motif Media

Transcript

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0:00.0	But when you are not capturing and counting for all of your back end time, all your meetings, all your invoicing, all your estimating, your material acquisition, pickups, takeoffs, all of that stuff, you are running a business that is unsustainable and more than likely not profitable.
0:28.4	Welcome back, everyone, to another midweek modern craftsman. Today, I'm going to be breaking down one of the most overlooked, but critical aspects of running a small construction
0:36.3	business. Again, I'm speaking to the owner operators, the
0:41.0	small two, three, four, five men, women shows, but it's capturing all of your time. I'm going to
0:47.9	share why this is so important to track an account for every hour not just the time that you're
0:54.6	spending on site and how failing to do so eats away your profitability and your
0:59.9	sustainability I also am going to dig into some strategies for setting your rate
1:06.9	managing the optics behind this rate and building a lean efficient business model
1:13.8	that supports both your bottom line and your well-being. Real quickly, before I jump into that,
1:21.3	Nick and I just recently launched a new course on scaling your business, a handful of templates in there, some really
1:30.2	great quick videos, less academic setting. The past few courses we put out a ton of videos behind it
1:37.5	where you're having to invest the time. The point with this course was to get this information
1:42.1	to you really quickly, really efficiently,
1:48.6	super seamlessly, and just give you everything that you need. So if you want to check that out,
1:57.5	go to moderncrasman.co. There's a course page and it's scaling the new scaling course.
2:02.9	But I'm sure, you know, a lot of you are probably tired of doing everything yourself.
2:10.7	This course is for builders, remodelers, basically owners who are juggling every hat, stuck in the weeds, and it's going to help that you understand how to grow without sacrificing quality,
2:16.8	profit, or, and most importantly, sanity.
2:21.5	So check that out.
2:23.1	If you're online and reading the blog, I have a link there.
2:26.9	But again, I'll post that to our Instagram, but also modern craftsman.com hit the course link.
2:33.5	You can check it out there.
	...

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