{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"How HVAC Owners Can Fix Pricing and Increase Net Profit Per Hour with Ruth King","description":"In this episode of the HVAC Know It All Business Edition Podcast, co-hosts Gary McCreadie and Furman Haynes from WorkHero sit down with financial expert Ruth King, Founder and CEO of Financially Fit Business and CEO of Business Ventures Corporation to discuss how contractors can build sustainable profitability by focusing on the right financial metrics. Rather than obsessing over traditional profit margins, Ruth explains why net profit per billable hour is the metric that truly matters and how contractors can calculate it to price their services correctly. The conversation explores pricing strategies, managing overhead while scaling, and the financial habits that help businesses grow without losing profitability. Ruth King is a well-known financial expert and business coach specializing in helping contractors understand and improve their financial performance. With nearly four decades of experience analyzing small business financial statements, Ruth has helped thousands of contractors learn how to interpret their numbers and build profitable companies. Ruth is also the author of The Courage to Be Profitable. &amp;nbsp; Expect to Learn - Why net profit per billable hour matters more than traditional profit margins - How contractors can calculate overhead cost per hour using their financial statements - The financial challenges contractors face when scaling from one truck to multiple crews - Key balance sheet ratios that indicate healthy business growth - The three financial habits every new contractor should adopt immediately &amp;nbsp; Episode Breakdown with Timestamps [00:00:00] \u2013 Introduction [00:01:34] \u2013 Why Profit Margins Can Be Misleading [00:03:45] \u2013 Calculating Overhead Cost Per Hour [00:06:14] \u2013 Managing Overhead While Scaling [00:09:26] \u2013 Financial Health Metrics for Growing Companies [00:11:21] \u2013 Financial Tools and Technology in Contracting [00:15:11] \u2013 Three Financial Habits for New Contractors. [00:18:37] \u2013 Closing Thoughts &amp;nbsp; This Episode is Kindly Sponsored by: PartsTown: https:\/\/www.partstown.com\/hvac-parts &amp;nbsp; Follow our Guest Ruth King: LinkedIn: https:\/\/www.linkedin.com\/in\/ruthking1\/ Ruth\u2019s Website: https:\/\/ruthkinghvac.com\/ Company Website: https:\/\/financiallyfit.business\/ Company LinkedIn: https:\/\/www.linkedin.com\/company\/financially-fit-business\/ Company Facebook:  https:\/\/www.facebook.com\/people\/Financially-Fit-Business\/100090849001161\/ &amp;nbsp; Follow Gary McCreadie: LinkedIn: https:\/\/www.linkedin.com\/in\/gary-mccreadie-38217a77\/ Website: https:\/\/www.hvacknowitall.com Facebook:  https:\/\/www.facebook.com\/people\/HVAC-Know-It-All-2\/61569643061429\/ &amp;nbsp; Follow Furman Haynes: LinkedIn: https:\/\/www.linkedin.com\/in\/furmanhaynes\/ WorkHero: https:\/\/www.linkedin.com\/company\/workherohvac\/ Instagram: https:\/\/www.instagram.com\/workhero__\/&amp;nbsp; &amp;nbsp; ","author_name":"HVAC Know It All Podcast","author_url":"https:\/\/sites.libsyn.com\/568690","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/40364565\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/199389585"}