61 episodes

Tips and advice to run a successful construction business from three long-term industry professionals, Wade Carpenter, a construction CPA, Rob Williams, a profit strategist who owned and operated a large construction operation for many years, and Stephen Brown, a construction bond agent. All have unique, but complementary views and advice from each of their 30 years in the contracting industry. Their goal is to promote healthy, thought-provoking discussions and tips for running a better, more profitable, and successful company. Subscribe for new insights and discussion every week. Visit ContractorSuccessForum.com to view all episodes and find out more.

Contractor Success Forum Contractor Success Forum

    • Business
    • 5.0 • 6 Ratings

Tips and advice to run a successful construction business from three long-term industry professionals, Wade Carpenter, a construction CPA, Rob Williams, a profit strategist who owned and operated a large construction operation for many years, and Stephen Brown, a construction bond agent. All have unique, but complementary views and advice from each of their 30 years in the contracting industry. Their goal is to promote healthy, thought-provoking discussions and tips for running a better, more profitable, and successful company. Subscribe for new insights and discussion every week. Visit ContractorSuccessForum.com to view all episodes and find out more.

    How to qualify for government set-aside contracts

    How to qualify for government set-aside contracts

    On a previous episode, we discussed why you may want to consider government contracting work and how to get started. This week we're diving in deeper to find out which government set-aside programs are available for contractors and how to qualify for them.

     Topics we cover in this episode include:
    How to start and navigate the set-aside program qualification processRequirements to qualify as a small businessThe Small Disadvantaged Business designationThe Woman-Owned Business designationThe Veteran Owned Small Business designationThe 8(a) ProgramThe HUBZone Program LINKS

    Links and acronyms referenced in the show:
    SBA.govNAICS (North American Classification System)SAM (System for Award Management)FAR (Federal Acquisition Regulations)8(a) ProgramHUBZone (Historically Underutilized Business Zone)SBA Certification: Economically disadvantaged woman-ownedSBA Service-Disabled Veteran programVisit the episode page at https://contractorsuccessforum.com/setaside for more details and a transcript of the show.
    Find all episodes and related links at ContractorSuccessForum.com.

    Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum

    FIND US ONLINE
    Rob Williams, Profit Strategist | IronGateESS.com
    Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
    Stephen Brown, Bonding Expert | McWins.com

    • 23 min
    The critical components of building a job cost system

    The critical components of building a job cost system

    The first job costing episode we shared was one of our most popular episodes ever. This week, we're revisiting the important topic. Wade breaks down the most common problems contractors have when implementing a job costing system and how to address each one. You'll learn what you can do now to build or improve your job cost system for consistency and numbers you can trust.

     Topics we cover in this episode include:
    Why job costing is more complicated in constructionHow to build a solid foundation for your job costing systemWhy consistency is key in job costingIssues with applying overhead in job costingChoosing the right job costing softwareWhy a good job costing system needs a champion LINKS

    Listen to our first job costing episode: https://podcasts.apple.com/us/podcast/job-costing-for-contractors/id1562503965?i=1000516583302
    Visit the episode page at https://contractorsuccessforum.com/jobcostsystem for more details and a transcript of the show.


    Find all episodes and related links at ContractorSuccessForum.com.

    Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum

    FIND US ONLINE
    Rob Williams, Profit Strategist | IronGateESS.com
    Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
    Stephen Brown, Bonding Expert | McWins.com

    • 23 min
    Making the move from residential to commercial contracting

    Making the move from residential to commercial contracting

    Have you considered making a move from residential to commercial contracting? On this week's episode, we're sharing a few things you should consider before beginning to seek out commercial construction projects.

    Want to learn how to reverse engineer your cash flow? Sign up for the free seminar on 5/17 at 10am EST: https://www.eventbrite.com/e/reverse-engineering-your-cash-flow-tickets-332475953527

     Topics we cover in this episode include:
    What changes with job costing when you move to commercial contractingCustomer mindset and getting paid as a commercial contractorCommercial contracting and cash flowWhy you should consider setting up a separate company for commercial constructionLINKS

    Visit the episode page at https://contractorsuccessforum.com/commercial for more details and a transcript of the show.


    Find all episodes and related links at ContractorSuccessForum.com.

    Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum

    FIND US ONLINE
    Rob Williams, Profit Strategist | IronGateESS.com
    Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
    Stephen Brown, Bonding Expert | McWins.com

    • 18 min
    QuickBooks for Contractors: Desktop vs. Online

    QuickBooks for Contractors: Desktop vs. Online

    The right accounting software can save you time and money, support your business's growth, and help you qualify for bonds. Is QuickBooks up to the job? If so, which version should you use: QuickBooks Online or Desktop? Wade shares the questions you need to answer to find out which software is right for you, as well as his thoughts on the limitations of QuickBooks you might run into as a contractor.

     Topics we cover in this episode include:
    Can QuickBooks work for contractors, and how does it affect bonds?The limitations of QuickBooks for contractorsHow to decide which accounting software is right for you: real-time accounting vs after the fact accountingQuickBooks and job costingSummary job costing vs detailed job costingLabor and payroll in QuickBooksQuickbooks versions and remote accessLINKS
    Visit the episode page at https://contractorsuccessforum.com/quickbooks for more details and a transcript of the show.


    Find all episodes and related links at ContractorSuccessForum.com.

    Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum

    FIND US ONLINE
    Rob Williams, Profit Strategist | IronGateESS.com
    Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
    Stephen Brown, Bonding Expert | McWins.com

    • 26 min
    Government contracting using a mentor protege program

    Government contracting using a mentor protege program

    Last week we discussed contracting with the federal government. This week, we're discussing a specific way to get into it: the mentor-protege program. Tune in to find out what the program is, who qualifies, and how to get set up for success.

     Topics we cover in this episode include:
    Getting started with the mentor-protege programPutting together a joint venture and mentor-protege agreementFinding a mentor or protegeGetting the joint venture contract right and staying in complianceLINKS
    Links and acronyms referenced in the show:
    SBA.govDUNS Number (Dun & Bradstreet)NAICS (North American Classification System)SAM (System for Award Management)SBA Mentor-Protégé programKoprince Law FirmMATOC (Multiple Award Task Order Contracts)IDIQ (Indefinite Delivery, Indefinite Quantity Contracts)Visit the episode page at https://contractorsuccessforum.com/mentor for more details and a transcript of the show.
    Find all episodes and related links at ContractorSuccessForum.com.

    Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum

    FIND US ONLINE
    Rob Williams, Profit Strategist | IronGateESS.com
    Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
    Stephen Brown, Bonding Expert | McWins.com

    • 25 min
    How to get into contracting for the federal government

    How to get into contracting for the federal government

    The government spends about $580 billion a year on contracts, with 23% of that set aside for small businesses. So how can you begin going after these opportunities? This week, we're talking about the three main things you need to do to get started with contracting for the federal government.

     Topics we cover in this episode include:
    How to prepare to start doing government contractingOpportunities in government contracting for small businessesGetting set up in the system: SAM, NAICS codes, and FARUnderstanding the different types of contracts and how to win themHow HUBZone and other SBA certifications can helpLINKS
    Links and acronyms referenced in the show:
    SBA.govDUNS Number (Dun & Bradstreet)NAICS (North American Classification System)SAM (System for Award Management)FAR (Federal Acquisition Regulations)DSBS (Dynamic Small Business Search)GSA (General Services Administration)SubNet (Subcontracting Network System)Construction Excellence ProgramFPDS (Federal Procurement Data System)USASpending.govMATOC (Multiple Award Task Order Contracts)IDIQ (Indefinite Delivery, Indefinite Quantity Contracts)RFQ (Request for Qualifications)8(a) ProgramHUBZone (Historically Underutilized Business Zone)SBA Certification: Economically disadvantaged woman-ownedSBA Service-Disabled Veteran programVisit the episode page at https://contractorsuccessforum.com/government for more details and a transcript of the show.
    Find all episodes and related links at ContractorSuccessForum.com.

    Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum

    FIND US ONLINE
    Rob Williams, Profit Strategist | IronGateESS.com
    Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
    Stephen Brown, Bonding Expert | McWins.com

    • 25 min

Customer Reviews

5.0 out of 5
6 Ratings

6 Ratings

Jasbro60 ,

Great stuff for all Contractors

Here is what you need to know in order to grow your business!

RWilliamsiii ,

Great new bottom line podcast for contractors

I’m glad to see a good podcast for contractors to get some bottomline stories and info to help their business

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