Numbers and accounting can be scary for contractors. Understandably so, finances are the most vulnerable part of a business… and we didn’t go to school for it!

However, understanding your finances is a huge key to growing your business and preventing bad financial decisions and outcomes. That’s why we brought an expert onto the show. We want to make accounting less daunting and more rewarding for you.

In this episode of the Power Women of the Trades podcast, hosts Leslie Harpole and Cassie Pound speak with Lynn Wise, Founder and CEO of Contractor in Charge. Lynn has been working with Leslie to help her better understand the financial health of her business. So, there’s no better person to discuss accounting for contractors with than Lynn!

If you want to feel empowered in your finances as a business owner, this discussion will help you get there.

In this episode, we discuss:

Why it’s important to look at and understand your financial statements
How to fix the 5 biggest accounting mistakes that are costing you the most money
For contractors, what are the benefits of hiring a financial advisor/consultant?

Meet the Hosts:

Leslie Harpole is the co-owner of Champion Plumbing in Oklahoma City. Connect with her on LinkedIn.

Cassie Pound is the co-owner of Quality Heating, Cooling & Plumbing in Tulsa, Oklahoma. Connect with her on LinkedIn.

Meet the Guest:
Lynn Wise is the Founder and CEO of Contractor in Charge.

Lynn Wise is also the author of “Build It, Grow It, Sell It! Nine Steps to a Thriving Contracting Business”. She holds certifications as a Profit First Professional and QuickBooks Pro Advisor. With a solid reputation for excellence that was built over the course of the past 35 years of successful ownership of multiple small businesses, including a plumbing and heating repair and remodeling company, Lynn also has been recognized for her 20 years of achievement in corporate sales and management.

Thriving as the entrepreneur CEO of Contractor in Charge, Lynn possesses considerable experience guiding and advising small businesses operating within the plumbing, HVAC, cleaning, carpet cleaning, electrical, and other service-contracting industries. She is committed to empowering small business owners to devise and implement strategies that generate improved cash profits, better serve their clients, and truly enjoy the independence that small business ownership provides. Alongside her team, Lynn picks up where a business coach leaves off. She helps small business owners generate marketing and sales leads that convert while making companies stronger, more streamlined, and experience enhanced profitability.

Contractor in Charge offers management and organizational services such as accounting, bookkeeping, Profit First cash flow management, payroll, dispatch, customer service, and more. Lynn invites you to reach out and contact her directly for a one-on-one consultation.

Connect with Lynn Wise on LinkedIn.

Special thanks to our sponsors for making the show possible:

This episode was produced and brought to you by Reignite Media (Follow them @reignite.media).

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Power Women of the Trades: Weekly Podcast Empowering Women In the Trades Industry

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How to Better Manage Your Finances & Pay Yourself Fairly w/ Lynn Wise