Builders Torque

In today's episode I will talk about mitigating trading loses which is one of the top 5 causes for business failure

Here are some highlights from todays episode

00:45 So what are the signs of trading losses in your building business

01:49 Are you looking at your cash position daily in your building business

03:33 Building businesses have a high amount of cash flowing through them, so why is it a problem?

05:00 What factors can affect trading losses in your building business

06:30 Do you use your credit card often. Beware of this

07:20 Not all transactions in your building business show up in your Profit and Loss, don't get caught

08:07 How do you forecast them money coming in your building business

09:55 One day I have no money, the next heaps. How to alleviate the stresses of this in your building business

10:51 I never wanted to take this route! Have you in your building business

11:52 Do you have the fight or flight reaction?

12:54 Do you have this constant overhead in your building business?

14:00 Why don't you want to pay the tax man?

In today's episode I'm going to talk about strategic management and how this can ensure the long-term success of your building business

Here are some highlights from todays episode

00:50 What a strategic plan can do for your building business

01:51 Do you have consistency in your building business

02:54 What is holding you accountable in your building business

04:03 Has strategic management in your building business gone by the wayside

05:02 Do you constantly keep having to deal with this in your building business

05:56 Have you lost the power in your building business

06:58 There is no reliability in the building industry at the moment

08:00 Do you have the courage to commit to the future

09:07 How can you stay in front in the current building environment

10:00 What are you going to achieve in in your building business in the next 90 days

11:44 Legal advice - who should you get it from for in your building business

12:44 Who's looking at the price increases in your building business

In Today's episode I will discuss the precursors that can lead to building businesses demise. There are 5 main factors that can be the cause.

Here are some of the highlights from todays episode

00:20 What we can do to put our building business in a better financial position

01:20 Are you living on the edge of your seat in your building business

02:29 Does the business model builders use put us on the back foot from the beginning

03:13 Do you know the best way to determine if it's an overhead or COGS

04:44 Do you have enough capital to float your building business

05:48 This will help you with your cashflow in your building business

08:08 Have you thought about incentivising your trades/workers?

09:30 Do you buy the best tools for the job-site, but forget about this?

10:25 Will adding technology into your building business improve your clients experience

11:53 Is when you are looking at job profitability losing you money in your building business

13:20 What staying loyal to 1 supplier could be costing you.

In today's episode I speak candidly about how I got into the Building Industry, the industry in general, shutdowns and how we need to stop the price wars.

Here are some of the highlights from today's episode

02:07 The influence my Dad had on me going into the building industry

04:07 My Dad taught me not to be intimidated by the guys on the building sites

05:45 Once I finished school I became a Marine Scientist

06:25 I just didn't know how I could get into the Building Industry

06:54 I taught myself how to design homes

07:39 You will usually fall into your first project this way

08:30 It was always niggling in the back of my mind

09:15 The time I secretly racked up a $50k credit card bill

10:18 Where is all the money?

11:20 Is it really going that well?

12:26 Why do we keep it a secret? The conversations that could help someone

14:01 What is the publics perception of builders?

15:08 How much unpaid time do you you endure in your building business

17:23 A lot of building businesses are just mum and dad businesses

18:40 What needs to change in our industry if we can't even survive a 2 week shutdown

19:35 How do we shake the dodgy builder image?

22:10 My mission to fix the building industry

23:24 What are the true costs of building a home? Stop the price wars

24:35 We need to work as am industry, together!

24:03 If a builder goes, there are a lot that go down with them.

25:40 How you can help make the industry more professional

26:44 What can you do in your business to not be some venerable

In today's episode I will talk about nailing down your building business to give you security, after coming through the growth phase in your business.

Here are some of the highlights from todays episode

01:03 Do you have the tenacity to not quit?

02:08 Do you feel like this in your building business

03:16 Does cause and effect play a role in your building business

03:40 The knock-on-effect that effects your building business

04:53 You need to do this in your building business if you are living week-to-week?

06:39 Is this constantly in the back of your mind?

07:37 You have little time in your building business so are you using it wisely?

08:32 Who do you want to roll the red carpet out for in your building business

09:52 Have you got a springboard to use in your building business

10:31 Are you holding up a placard for your building business

In today's episode I will talk about securing your building business. Securing our business usually happens in the Secure Growth Stage after you have come from the Growth Phase in business.

Here are some of the highlights from today's episode

00:46 How can working with the right clients improve your building business

02:11 Do you have any parasitic relationship in your building business?

03:14 Have you had a commensalism relationship in your building business

04:40 How can you get them to say yes?

05:40 Have you built these foundations into your building business

06:23 Have you got the systems that will cause a richter effect your building business

07:28 Do handshake deals work in building businesses

08:14 Is this the main cause of complaints in your building business

09:04 Are you being clear with your instructions

10:11 Do this to gain credibility in your building business

11:34 Are you being lacks with your money in your building business

12:17 Do you ever say "it won't cost you much" to your client?

13:32 Do you only think about your critical pathways

14:30 Are you proving yourself to your client? It can make you more money

In today's episode I will talk about tightening up your Building Business. This is usually something that needs to occur in the Secure phase of a building businesses growth

Here are some of the highlights from todays episode

00:58 Are you just trying to get money in your bank account?

02:06 It just doesn't seem to stop. You can't keep anyone happy!

03:01 Prevailing wisdom was to add more people to get your to the next level

03:58 How can you tighten up the efficiency in your building business

05:04 What common practices in building businesses that you feel are immoral

06:30 Tighten up your market. Stop the race-to-the-bottom.

07:59 This is one of the keys to increasing profits in your building business

08:47 How does the triple jump technique bring more money into your building business

09:47 What is the cost of finding more clients for your building business

In today's episode I will continue talking about the Secure Growth Phase

Here are some highlights from todays episode

00:50 Do you have enough details to remove assumptions?

02:14 Is what you are saying or writing being taken to mean something else

03:02 Have you set up systems in your building business to get a magnitude effect

03:37 Cash is king, our lifeline!

04:02 How can you make the cash cascade into your building business?

05:02 Will you have enough cash if you put some aside?

05:55 What method do you use to calculate the money that is yours?

07:03 Does your building business need an immune booster shot

07:49 Is your building business functioning in a commodity market?

09:00 Is your building business giving your clients the best experience?

10:14 Do you have predictable progress in your building business?

In todays episode I will continue talking about the Secure Growth Phase & the processes involved in securing your business

Here are some highlights from today's episode

00:32 Has what you've been doing in your building business working for you?

01:22 Do you understand the market you are selling your homes into?

02:28 Which level of Westfield's would your building business be located on?

03:28 Do you use the client expose method in your building business?

04:38 What do your clients say about your homes?

05:33 Have you started to realise you don't need to accept all the people?

07:37 Are you asking the right questions in your building business?

08:02 Have you taken your client out of the buying cycle? or can another builder snap them up?

09:14 Prevailing wisdom is to educate your client via email. Does it still work?

10:33 Are other builders working with your ideal client?

11:17 Are ideal clients making a commitment to your building business?

13:11 Can your clients see themselves in the home you can build for them?

In Today's episode I will talk about the Secure growth phase & what you may be feeling throughout this growth stage & start to dig into how my program can bring you through this phase & onto the next growth phase

Here are some highlights from today's episode

01:24 Have you hit your peak growth phase in your building business?

02:24 Is there a storm brewing in your building business?

03:32 Why did you find this show?

04:27 Do you have plenty of cashflow in your building business?

05:30 Do you have enough checks & measures in your building business?

05:44 Prevailing wisdom relating to site supervisors for custom homes builders

06:24 Do you know the difference between growing & scaling a building business

07:33 Are your jobs dragging?

08:35 Do site supervisors have the same vested interest in your building business?

09:28 Do you want to go from out-of-control to secure in your own building business

10:15 Do you know why you started your own building business?

11:28 Not all clients are equal

12:01 Can you see visual progress when growing your building business

13:09 What pressures do you fell in your building business?

13:58 How do you affect your building business?

14:17 Can you push through, or are you settling?

15:27 Do you have the data to pick the best projects to work on