S2 E8 - Navigating Contracts, Payments, and Growth: Q&A Session

In this Q&A episode of Beers with Contractors, hosts Will and Terry discuss a range of topics critical to the construction and contracting industry. They explore the importance of home shows for lead generation, the complexities of contracts and final payments, and effective ways to handle challenges such as workforce reductions and pay changes. The episode also delves into the pros and cons of door-to-door sales versus canvassing, how to manage indirect overhead costs, and the nuances of seller financing for business acquisitions. They also share personal anecdotes and helpful tips, offering valuable insights for both new and experienced contractors.

00:00 Introduction

03:34 Listener Interaction and New Subscribers

05:38 Discussing Payment Terms and Contracts

14:02 Strategies for Selling and Canvassing

20:00 Branding and Messaging Tips

21:51 Handling Equity and Compensation

26:16 Sales Manager vs. General Manager

33:14 Difficult Conversations About Pay

35:28 Leadership and Accountability

36:21 Transparency with Financials

36:49 Open Book Accounting Challenges

38:46 Leadership and Social Media

43:51 Home and Garden Shows

55:24 Credit Card Processing and Cash Payments

01:00:38 Funding Business Acquisitions

01:05:02 Lessons from Business Mistakes

01:08:12 Conclusion

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**Podcast Store Link:**

https://williamwalkerblake.com/store-1

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