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Retainage. If you deal with it, is that job holding your company back? Are you being the bank for your job owner? Does it stunt your cashflow and growth? What can you do about it? Find out on this week's episode.

Topics we cover in this episode include:
What is retainage?Retainage can sunt your company's growth if you don't bid jobs properlyA retainage case studyRetainage can cause problems when you're in growth modeMany contractors do not account for retanage properlyHow to mitigate or reduce retainageNegotiating retainage with owners or general contractorsLINKS

Visit the episode page at https://carpentercpas.com/retainage for more details and a transcript of the show.
Find all episodes and related links at ContractorSuccessForum.com.

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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

Safety and workers comp insurance have several challenges, but what are the best solutions? Stephen brings his insight to this week's episode. Here's what you need to know about what Workers Comp can do for you, the most common type of claims, when to file a claim, experience mods, and more.

Topics we cover in this episode include:
What Workers Comp is and how it startedHow experience mods work for workers compensationUse your workers comp carrier for good loss control servicesWhen to file a workers compensation claim Workers comp and crossing state linesWhich accidents account for the highest number of workers comp claimsLINKS

Visit the episode page at https://carpentercpas.com/safetysolutions 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/CarpenterCPAs

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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

If you've been here a while, you know we preach job costing and how it can help a contractor be more profitable. One of the challenges of implementing a job costing system is figuring out costing your labor. Where do you start? Let's talk about it.

Topics we cover in this episode include:
Challenges with getting information for the payroll systemThree ways job costing labor might work in your businessHow to get started with job costing laborLINKS

Visit the episode page at https://carpentercpas.com/jobcostlabor 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/CarpenterCPAs

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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

One of the biggest stumbling blocks with contractors getting their job costing system set up properly is the cost code structure. There are several moving parts and it can be overwhelming. Where do you start? We're showing you on this week's episode. Make sure to check it out on the Carpenter CPAs YouTube channel.

Topics we cover in this episode include:
Reasons contractors fail at creating cost code structures\The Job Costing HierarchyCost codes mapping to Chart of AccountsHow to start with cost codingLINKS

Get the free phase codes list: https://bit.ly/49fPfQV

Visit the episode page at https://carpentercpas.com/costcodevisual 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/CarpenterCPAs

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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

Have you ever felt like the world is ending because your bank balance is low and you don't know how you're going to pay your people or your bills? Or you're on top of the world because your bank balance is high, but the next day the cash disappears? Let's talk about the psychology of money and how you can use your innate habits to control your construction company's success.

Topics we cover in this episode include:
The Gathering PrincipleThe Principle of Designated SpacesThe Principle of SequencingLay the foundation of your business firstRhythm and the Principle of ConsistencyTemptationAbundance vs. Scarcity MindsetLINKS

Visit the episode page at https://carpentercpas.com/psychology 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/CarpenterCPAs

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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

Starting a construction business? Wanting to get off on the right foot? Getting the foundation right from the start can spell the difference between success and failure. Let's talk about how to successfully plan, launch, manage, and grow a new construction business.

Topics we cover in this episode include:
Starting a business with the right mindsetBe careful about business costs and debt when you're getting startedEstablish your financial board of directorsAvoid these common mistakes contractors make when launching a companyNaming your new construction businessKnow how to manage your business once it's launchedSales and growing your businessLINKS

Visit the episode page at https://carpentercpas.com/launch 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/CarpenterCPAs

FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com