In this episode of the Construction Disruption podcast, host Todd Miller and co-host Ethan Young sit down with Timothy Wingate Jr., founder of G+F Business and Financial Consulting, to discuss the financial struggles commonly faced by construction companies. Timothy shares his journey from working in the field with his father to founding a company that helps construction businesses manage their finances, improve cash flow, and understand the importance of project management software.

He also shares his company's unique approach of focusing on construction-specific accounting and offers advice for new business owners. Whether you're a seasoned professional or just starting in the construction industry, Timothy’s insights provide valuable guidance for maintaining financial health and achieving long-term success.

Timestamps

01:43 Meet Our Guest: Timothy Wingate Jr.

02:42 Timothy's Journey in Construction and Finance

07:08 Challenges Faced by Construction Companies

11:19 Specialized Accounting for Construction

13:52 Virtual Accounting and Client Relationships

17:27 Setting Profit Margins and Business Goals

20:57 Choosing the Right Tech for Construction Companies

22:38 Choosing the Right Project Management Software

24:11 The Importance of Trust in Implementation

26:34 Advice for Newcomers in the Construction Industry

28:25 Balancing Costs and Growth

29:28 The Emotional Cost of Starting a Business

30:15 Consulting and Long-Term Relationships

31:12 Rapid Fire Questions

35:19 Closing Thoughts and Contact Information

Connect with Timothy Online

Website: https://www.gplusf.com/

LinkedIn: https://www.linkedin.com/in/twingatejr/

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This episode was produced by Isaiah Industries, Inc.

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