What Early-Year Habits Reveal About Plumbing Business Growth

Third-generation plumber Nate Agentis spoke with CONTRACTOR about fledgling plumbing companies, and key considerations for new owners looking to grow their business.

Key Highlights

• Monitoring KPIs such as cash flow, lead quality, and profit margins is crucial in the early years to build a strong foundation for growth
  
• Implementing rolling 90-day budgets helps manage cash flow proactively, especially during slower seasons, by planning expenses and work schedules
  
• Accurate forecasting of labor and material needs prevents margin erosion caused by over- or under-ordering and helps avoid excessive overtime
  
• Pricing strategies must keep pace with rising costs to ensure revenue quality and maintain healthy profit margins

Read the full Q&A on contractormag.com below!