The Hiring Numbers Every Contractor Must Know | Timothy Wingate

Hiring is one of the biggest decisions a contractor will ever make.

But most construction business owners hire based on stress, workload, or gut feeling, not numbers. In this episode of the Construction Champions Podcast, Ron Nussbaum sits down with financial expert Timothy Wingate to break down the critical numbers contractors must understand before hiring employees.

If you hire too early, you destroy cash flow.

If you hire too late, you burn out your team and stall growth.

The key is knowing the right financial metrics to guide your hiring decisions.In this conversation, Ron and Timothy explain how contractors can determine when they can truly afford to hire, what numbers to track, and how understanding your financial structure can prevent costly hiring mistakes.

If you're a contractor trying to grow your team without putting your business at risk, this episode will change how you think about hiring.

Main Topics Covered

Why contractors hire employees too early

The financial numbers contractors must track before hiring

How to know when your business can afford another employee

Why hiring based on stress leads to financial problems

Understanding labor costs in construction businesses

Revenue per employee and hiring benchmarks

Building a sustainable hiring strategy

Avoiding payroll pressure and cash flow traps

Guest Info

Timothy Wingate is a financial professional who works with contractors and small business owners to help them understand the financial side of running a company. His focus includes helping business owners build financial clarity, make smarter hiring decisions, and understand the numbers that drive business growth.

https://www.linkedin.com/in/twingatejr

https://www.gplusf.com/

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