Time for a Breakthrough

For years, there has been a lot of content in our industry around why contractors fail. With failure stats from the U.S. Department of Commerce like 29.1 percent failing in year one, 56 percent within three years, and 72 percent within five, you can see why it is a hot topic. 

The most concerning stats though—and the ones that really should catch your attention—are the revenue and profit stats of those that do stay in business. According to Fundera, a finance company for small businesses, a staggering 98 percent of home service contractors generate less than one million dollars in annual revenue with a woeful net income of less than $80,000.