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Contractor Cash Flow: How to Stop the Feast or Famine Cycle
Manage episode 479697485 series 3314227
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âš ABOUT THIS EPISODE
Are your cash flow woes hitting you like a hammer to the thumb? Letâs talk about it.
This week, Wade and Stephen dive into the challenges contractors face with cash flow and share practical solutions to solve those issuesâŚfor good. They discuss indicators of cash flow problems, like difficulty paying bills and 'payroll panic,' while offering methods to break the cycle using the Profit First system.
Tune in to learn strategies for managing your finances and achieving long-term success in construction.
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âď¸ In this episode:
- 00:30 Identifying Cash Flow Problems
- 01:24 Common Cash Flow Challenges
- 02:59 Understanding Construction Cash Flow
- 05:35 Practical Solutions for Cash Flow Management
- 08:04 Implementing the Profit First System
- 16:12 Setting Up Financial Accounts
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FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
Chapters
1. Contractor Cash Flow: How to Stop the Feast or Famine Cycle (00:00:00)
2. [Ad] Leadership Lessons From The Great Books (00:16:35)
3. (Cont.) Contractor Cash Flow: How to Stop the Feast or Famine Cycle (00:17:23)
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