50 min
Mastering the Cash Flow Maze as a Contractor - Ep #197 The No Bullsh*t Podcast For Contractors
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- Entrepreneurship
🛠️ Struggling in the construction industry?
Join Mike as he shares his journey, battling against fierce competition and bidding chaos.
He opens up about the stress of being seen as just the "price check" in the industry and the challenges of getting his team on board with a new approach.
💰 Mike dives into the harsh reality of cash flow issues, revealing the emotional toll it takes on family life.
He discusses the fear of losing his business and the sacrifices made to keep it afloat.
🔧 Learn from Mike's transformation! Discover the strategies he employed to turn his business around, tackle cash flow woes, and achieve a 25% net profit.
👷♂️ Whether you're a contractor or business owner, gain valuable perspectives and real-talk insights on the No Bullsh*t Podcast For Contractors.
Chapters:
0:00 Cash flow and profitability challenges in an electrical contracting business
5:44 Entrepreneurship and family life
10:09 Business growth and cash flow management
14:37 Financial management in the construction industry
17:48 Pricing, cash flow, and accounts receivable management
22:39 Improving business operations and team morale
26:43 Managing a family-driven business with cash flow issues
29:08 Managing a construction business during financial difficulties
33:38 Overcoming business challenges as a Champion CEO
37:32 Personal growth and business success through POC program
40:41 Business growth and identity shifts
45:09 Overcoming challenges in contracting businesses
Connect with us:
📌 Join Our FB Group (19200+members)
https://www.facebook.com/groups/498934880541178/
📌 Follow Us On Instagram
https://www.instagram.com/profitforcontractors/
📌 Message us on FB
https://www.facebook.com/profitforcontractors
Full episode available to listen to on:
📌 Apple Podcast
https://podcasts.apple.com/us/podcast/the-profit-for-contractors-podcast/id1504320346
📌 Spotify:
https://anchor.fm/profitforcontractors
🛠️ Struggling in the construction industry?
Join Mike as he shares his journey, battling against fierce competition and bidding chaos.
He opens up about the stress of being seen as just the "price check" in the industry and the challenges of getting his team on board with a new approach.
💰 Mike dives into the harsh reality of cash flow issues, revealing the emotional toll it takes on family life.
He discusses the fear of losing his business and the sacrifices made to keep it afloat.
🔧 Learn from Mike's transformation! Discover the strategies he employed to turn his business around, tackle cash flow woes, and achieve a 25% net profit.
👷♂️ Whether you're a contractor or business owner, gain valuable perspectives and real-talk insights on the No Bullsh*t Podcast For Contractors.
Chapters:
0:00 Cash flow and profitability challenges in an electrical contracting business
5:44 Entrepreneurship and family life
10:09 Business growth and cash flow management
14:37 Financial management in the construction industry
17:48 Pricing, cash flow, and accounts receivable management
22:39 Improving business operations and team morale
26:43 Managing a family-driven business with cash flow issues
29:08 Managing a construction business during financial difficulties
33:38 Overcoming business challenges as a Champion CEO
37:32 Personal growth and business success through POC program
40:41 Business growth and identity shifts
45:09 Overcoming challenges in contracting businesses
Connect with us:
📌 Join Our FB Group (19200+members)
https://www.facebook.com/groups/498934880541178/
📌 Follow Us On Instagram
https://www.instagram.com/profitforcontractors/
📌 Message us on FB
https://www.facebook.com/profitforcontractors
Full episode available to listen to on:
📌 Apple Podcast
https://podcasts.apple.com/us/podcast/the-profit-for-contractors-podcast/id1504320346
📌 Spotify:
https://anchor.fm/profitforcontractors
50 min