3 Cash Flow Mistakes That Will CLOSE Your Construction Business | Construction MF’ers Ep. 71

Cash flow is the lifeblood of any construction business and the deciding factor between keeping your doors open or shutting them for good. In the latest podcast episode, Scott Peper, our CEO and Founder, talks straight about the three biggest cash flow mistakes contractors make—and how they can literally wreck your business.

🔹 𝗠𝗶𝘀𝘁𝗮𝗸𝗲 #𝟭: 𝗧𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗕𝗮𝗻𝗸 𝗕𝗮𝗹𝗮𝗻𝗰𝗲 𝗜𝘀 𝗬𝗼𝘂𝗿 𝗔𝗰𝘁𝘂𝗮𝗹 𝗖𝗮𝘀𝗵: Just because you see money in your bank account doesn’t mean you can use it. Scott explains why relying on your bank balance alone is a bad move, and how not knowing the difference between your bank balance and ledger balance can put you in serious trouble.

🔹 𝗠𝗶𝘀𝘁𝗮𝗸𝗲 #𝟮: 𝗡𝗼𝘁 𝗠𝗮𝗻𝗮𝗴𝗶𝗻𝗴 𝗖𝗮𝘀𝗵 𝗙𝗹𝗼𝘄 𝗥𝗲𝗴𝘂𝗹𝗮𝗿𝗹𝘆: Most people don’t have a cash flow report or any system in place, which leads to making decisions based on pressure from suppliers or clients. Scott shows how this lack of planning can throw your projects off track.

🔹 𝗠𝗶𝘀𝘁𝗮𝗸𝗲 #𝟯: 𝗙𝗮𝗶𝗹𝗶𝗻𝗴 𝘁𝗼 𝗣𝗹𝗮𝗻 𝗖𝗮𝘀𝗵 𝗙𝗹𝗼𝘄 𝗔𝗰𝗰𝘂𝗿𝗮𝘁𝗲𝗹𝘆: Too many contractors plan their cash flow based on everything going perfectly, but that never happens. Scott digs into why this mistake leaves you short and scrambling to cover costs.

Key Takeaways:

- Cash flow is the make-or-break factor for your business.
- Stress-test your cash flow before each project to avoid problems.
- Real-world examples show why planning ahead matters.
- Poor cash flow forecasting leads to debt, stress, and bad decisions.

Scott has worked with hundreds of businesses and projects, and he’s sharing the key takeaways that can save your business from the same fate. Avoid these mistakes, use a cash flow tool, and start making informed, proactive decisions to protect your business.

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