105 episodes
Contractor Success Forum Contractor Success Forum
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- Business
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5.0 • 8 Ratings
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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.
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A Deep Dive into Working Capital for Contractors
Let's talk about working capital. What exactly is it, what can be included, and why is it important to your bank and bonding company? We'll answer those questions and provide some tips to understand and increase your working capital on this week's episode.
Topics we cover in this episode include:
Definitions to know: asset, liability, and currentWhy working capital is important to bonding companies and banksWorking Capital Ratio What bonding companies take into account when adjusting working capitalHow to increase your working capital at the end of the yearLINKS
Visit the episode page at https://contractorsuccessforum.com/workingcapital for more details and a transcript of the show.
Get the free contractor's guide to understanding working capital
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum
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Rob Williams, Profit Strategist | IronGateESS.com
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.com -
Creating a Culture for Mental Health in Your Construction Company
This week, we're discussing a topic that you should be talking about openly in your construction company but probably aren't: mental health. This important conversation covers the mental health stigma and how to fight it, free resources to help you incorporate mental health awareness into your company culture, and how to recognize the signs that someone on your team may be struggling.
Topics we cover in this episode include:
Why we don't talk about mental health in the construction industryHow to help someone who is strugglingHow do you get past the stigma of mental health?Resources to help add mental health awareness to your corporate cultureLook out for these possible signs that an employee is struggling with their mental healthLINKS
Visit the episode page at https://contractorsuccessforum.com/mentalhealth for more details and a transcript of the show.
WEBINAR: Mental Health on the Jobsite
Construction Industry Alliance for Suicide Prevention (CIASP)
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 -
How to get more referrals and sales using the vendor well strategy
This week on the podcast, Rob, Stephen, and Wade are talking about referrals. They share a proven process you can use to actually get clients and vendors excited about referring you to other businesses or consumers. Learn how it works and what questions to ask on this week's show.
Topics we cover in this episode include:
Why contractors should focus on getting referralsMake sure you're one of the best at what you do before seeking referralsExamples of the vendor well process in actionWho you can use this process with to get referralsHow to start building relationships in your vendor well, including the exact questions to askLINKS
Visit the episode page at https://contractorsuccessforum.com/vendorwell 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 -
How to implement processes that will get your construction business to the next level
How long could your company function without you? If the answer is not longer than a few days, you need to listen to this week's episode. Find out how creating and implementing processes in your business opens up the door for growth, quality of life, and more of the clients you want to work with.
Topics we cover in this episode include:
How systems and processes allow you to stay consistentHow systems and processes encourage growth and allow you to scale upFinding opportunities for early yardage with processesWhich processes to define in your construction businessWhy you should create processes in your areas of strengthLINKS
Visit the episode page at https://contractorsuccessforum.com/processes 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 -
Your triage checklist for a job that's losing money
Nobody wants to lose money on a job, but it's an unfortunate reality in the construction industry. There are things you can do to minimize the damage and avoid losses in the future. This week, we're sharing triage strategies for a job that has gone off the rails.
Topics we cover in this episode include:
Review the contract and any change ordersDetermine when the job will be finished and liquidated damagesWho should you talk to about a job that's losing money?Document the issues that are occuring at the time they're happeningGet all hands on deckPay your materials and suppliers on timeAnalyze and communicate what happenedLINKS
Visit the episode page at https://contractorsuccessforum.com/triage 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 -
100th Episode Celebration! How to remove obstacles to your success and level up
It's the 100th episode of the Contractor Success Forum! Celebrate with Stephen, Wade, and Rob as they reflect on the first 100 episodes of the podcast. Hear from the hosts about the top mistakes that could be holding your company back from success and what you can do now to remove obstacles level up.
Topics we cover in this episode include:
Build your company to function without youEmbrace changeGet your books in orderDefine your systems and processesPlan aheadWork on what you do bestGet your cash flow under controlUnderstand your job costsStart with the right seed for a successful businessLINKS
Visit the episode page at https://contractorsuccessforum.com/100th 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
Customer Reviews
Great podcast to become more profitable
These guys are the real deal and want you to be financially strong and free. Listen to them and your business will be better for it.
Great stuff for all Contractors
Here is what you need to know in order to grow your business!
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