In this episode, we delve into the critical issue of cashflow bottlenecks that can break contractors. This is the first part of a four-part series focused on improving cashflow efficiencies and controlling expenses.

We highlight the challenges faced by contractors who pay upfront but get paid last, leading to cashflow starvation. Practical solutions such as front-loading deposits, establishing biweekly billing, using lines of credit, and setting vendor terms are discussed to help contractors avoid financial pitfalls. Stay tuned for more insights all month, including a special segment on AI principles in business towards the end of the series.

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00:00 Introduction to Cashflow Bottlenecks

00:37 Understanding the Cashflow Trap

01:36 The Construction Cashflow Dilemma

05:12 Strategies to Improve Cashflow

08:17 Essential Tools for Cashflow Management

11:53 Common Pricing and Cost Mistakes

16:08 Building a Sustainable Business Model

18:52 Conclusion and Next Steps