Contractor Success Forum

By Contractor Success Forum

Tips and advice to run a successful construction business from two long-term industry professionals: Wade Carpenter, a construction CPA, and Stephen Brown, a construction bond agent. Each host has

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FAQs about Contractor Success Forum:

How many episodes does Contractor Success Forum have?

The podcast currently has 197 episodes available.

Contractor Success Forum episodes:

December 31, 2024A Year of Contractor Success: Your 5 Favorite Episodes From 2024
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Join Wade and Stephen as they share the 5 most popular episodes from 2024 that helped contractors boost profits and improve cash flow. From smart job costing to unconventional tax strategies that work, these proven tips helped hundreds of contractors succeed. Listen now to learn what worked best for your fellow builders!
Subscribe for weekly construction finance tips: https://www.youtube.com/@CarpenterCPAs?sub_confirmation=1
Topics Wade and Stephen cover on this episode:
01:26 - Strategic Planning Discussion
04:53 - Preventing Profit Loss
08:55 - Entity Structure Considerations
10:49 - Job Costing Labor
14:15 - Keys to Construction Success
18:19 - Tax Strategy Discussion
LINKS
Visit the episode page at https://carpentercpas.com/2024 for more details and a transcript of the show.
Join the Profit First for Construction community!

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
...more
23min
December 24, 2024Bonding Pitfalls and How to Avoid Them – Real Case Studies
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Getting bonded as a contractor can feel like navigating a maze. Join Wade Carpenter and Stephen Brown of McDaniel Whitley Bonding and Insurance in part three of our series on contractor bonding. This episode dives into real-life case studies to uncover valuable lessons for getting bonded successfully.
Learn about the challenges of single large clients, territory issues, experience factors, high turnover rates, unstable project pipelines, high operating expenses, and specialized high-risk projects. Tune in for expert insights and practical advice to enhance your bonding process.
🚨 Apply to beta test Wade's Profit First for Commercial Construction system (for FREE!)
Subscribe for weekly construction finance tips: https://www.youtube.com/@CarpenterCPAs?sub_confirmation=1
Topics Wade and Stephen cover on this episode:
00:20 Welcome to the Contractor Success Forum
00:41 Understanding Case Studies
01:10 Challenges with Single Large Clients
02:24 Experience and Reputation in Bonding
04:36 High Turnover and Its Impact
06:28 Backlog and Project Pipeline
08:07 Subcontractor Bonding Issues
09:30 Financial Planning and Overhead
13:56 High-Risk Projects
LINKS

🚨 Apply to beta test Wade's Profit First for Commercial Construction system (for FREE!)
Visit the episode page at https://carpentercpas.com/getbonded3 for more details and a transcript of the show.
Join the Profit First for Construction community!

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
...more
17min
December 17, 2024How to Build a Disaster-Proof Business [Learn from Waffle House]
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FEMA uses Waffle House as their disaster gauge - here's why construction companies should copy their playbook. Learn how this 24/7 restaurant chain's disaster planning and logistics can help your construction business stay running when crisis hits.

Listen to discover their proven systems for supply chain management, workforce readiness, and emergency response.
#ConstructionManagement #DisasterPreparedness #BusinessContinuity
🚨 Apply to beta test Wade's Profit First for Commercial Construction system (for FREE!)
Subscribe for weekly construction finance tips: https://www.youtube.com/@CarpenterCPAs?sub_confirmation=1
#ConstructionBonding #ContractorSuccess #BondingTips
Topics Wade and Stephen cover on this episode:
00:44 - Importance of cash flow
01:45 - Contractor cash flow challenges
03:29 - Personal experience and motivation
05:05 - Profit First for contractors
06:32 - Contractor Profit Paradox
08:34 - Failure of traditional advice
10:27 - Great Recession lessons
12:07 - Implementing Profit First
13:51 - Major teachings overview
16:25 - Practical action steps
LINKS

🚨 Apply to beta test Wade's Profit First for Commercial Construction system (for FREE!)
Visit the episode page at https://carpentercpas.com/wafflehouse for more details and a transcript of the show.
Join the Profit First for Construction community!

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
...more
16min
December 10, 2024How to STOP Struggling with Cash Flow and Keep More of What You Earn [Profit First for Commercial Construction]
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Struggling with cash flow in your construction biz? Learn how Profit First for Commercial Construction can help you keep more of what you earn! Get a sneak peek of the teachings in Wade Carpenter’s new book. 📘
Tune in now to discover a system that works for contractors.
#ProfitFirst #ConstructionFinance #CashFlowTips
🚨 Apply to beta test Wade's Profit First for Commercial Construction system (for FREE!)
Subscribe for weekly construction finance tips: https://www.youtube.com/@CarpenterCPAs?sub_confirmation=1
#ConstructionBonding #ContractorSuccess #BondingTips
Topics Wade and Stephen cover on this episode:
00:44 - Importance of cash flow
01:45 - Contractor cash flow challenges
03:29 - Personal experience and motivation
05:05 - Profit First for contractors
06:32 - Contractor Profit Paradox
08:34 - Failure of traditional advice
10:27 - Great Recession lessons
12:07 - Implementing Profit First
13:51 - Major teachings overview
16:25 - Practical action steps
LINKS

🚨 Apply to beta test Wade's Profit First for Commercial Construction system (for FREE!)
Visit the episode page at https://carpentercpas.com/profitfirstbook for more details and a transcript of the show.
Join the Profit First for Construction community!

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
...more
18min
December 03, 2024[Ask a Bond Agent] Avoid These Bonding Pitfalls
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Struggling to get bonded? 🤔

In this episode, we tackle real-life case studies to help you navigate the construction bonding process. Wade and Stephen share expert insights on overcoming common pitfalls.

Listen now and level up your bonding game! 💪

🚨 Apply to beta test Wade's Profit First for Commercial Construction system (for FREE!)
Subscribe for weekly construction finance tips: https://www.youtube.com/@CarpenterCPAs?sub_confirmation=1
#ConstructionBonding #ContractorSuccess #BondingTips
Topics Wade and Stephen cover on this episode:
00:35 - Importance of relationships with your bonding agent
01:40 - Announcement: Get early access to Profit First for Commercial Construction
04:52 - Seasonal revenue challenges
07:09 - Equipment debt issues
09:16 - Inconsistent profit margins
11:12 - Taxes versus bonding
14:17 - Family-owned business succession
16:54 - Overdue taxes impact
19:25 - Tax liens and payment plans
LINKS

Visit the episode page at https://carpentercpas.com/getbonded2 for more details and a transcript of the show.

Join the Profit First for Construction community!

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
...more
23min
November 26, 2024How to Scale Your Construction Company (WITHOUT more work!)
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Want to scale your construction company without burning out? Learn proven systems to grow beyond the one-person operation, from managing cash flow to building repeatable processes that let your business run smoothly without you. Watch for practical tips from construction industry experts.
Subscribe for weekly construction finance tips: https://www.youtube.com/@CarpenterCPAs?sub_confirmation=1
#ConstructionBusiness #ContractorGrowth #ScalingUp
Topics we cover in this episode:
02:02 - The E-Myth Book Example
04:19 - Construction Industry Complexities
06:13 - Business Growth Hierarchy
08:38 - Growth Stage Challenges
10:40 - Back Office Systems
12:42 - CFO Services Discussion
14:40 - Finding the Right Advisors
16:38 - Systems Implementation Importance
LINKS

Visit the episode page at https://carpentercpas.com/leverage for more details and a transcript of the show.
Join the Profit First for Construction community!

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
...more
20min
November 19, 2024[CASE STUDIES] Bond Approval Secrets Revealed
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Let's talk real life construction bonding scenarios. From startups to high-growth companies, learn what bond underwriters actually look for and how to improve your chances of getting approved. Expert bond agent Stephen Brown breaks down practical strategies for construction bonds.
Subscribe for weekly construction finance tips: https://www.youtube.com/@CarpenterCPAs?sub_confirmation=1
#ConstructionBonds #ContractorTips #SuretyBonds
Topics we cover in this episode:
01:39 - Getting insurance and bonding as a new company
04:00 - Bonding and insurance for someone who has limited cash reserves
06:46 - Getting bonds with limited financial records
10:19 - Getting bonds as a high growth contractor
12:52 - Getting bonds with outstanding legal issues
15:10 - Bonding when going from subcontractor to general contractor
LINKS

Visit the episode page at https://carpentercpas.com/getbonded for more details and a transcript of the show.
Join the Profit First for Construction community!

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
...more
22min
November 12, 2024How to Know What to Fix Next in your Business with Ross Loveland
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Stuck making urgent decisions that don't move your business forward? Learn how to escape the survival trap using Mike Michalowicz's Fix This Next framework. Watch now to discover the Business Hierarchy of Needs and build your roadmap from survival to success.
Click subscribe for weekly contractor tips → https://bit.ly/ContractorSuccess
#FixThisNext #BusinessGrowth #ContractorTips
Topics we cover in this episode:
01:08 - Ross Loveland's Background
02:55 - The Survival Trap
04:55 - Business Hierarchy Explained
08:55 - Sales Level Breakdown
12:55 - Profitability vs Growth
15:25 - The Order Level
17:47 - OMEN Process Overview
19:31 - Nurturing Business Growth
21:35 - Practical Implementation
LINKS

Visit the episode page at https://carpentercpas.com/survival for more details and a transcript of the show.

Find out more about Ross at https://trueprofitsalons.com/

Join the Profit First for Construction community!

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
...more
26min
November 05, 2024Unconventional marketing strategies to make your company stand out
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Want to make your construction company marketing actually work? We share 10 proven ways to stand out from other contractors and win better projects - from smart automation to creative partnerships. Watch now to learn how successful contractors are using these strategies to attract their ideal clients and boost profits.
🔨 Subscribe for weekly construction business tips: https://www.youtube.com/@CarpenterCPAs?sub_confirmation=1
#ConstructionMarketing #ContractorTips #BusinessGrowth
Topics we cover in this episode:
00:24 - Contractor Success Forum Overview
01:27 - Marketing Evolution in Construction
03:00 - CRM and Marketing Automation
05:25 - Industry Leadership & Niching
06:40 - Strategic Partnerships
08:38 - Referral Ecosystems
12:38 - Brand Storytelling
14:04 - Job Site Events
14:17 - AI in Marketing
15:59 - Customer Feedback
17:37 - Marketing Strategy Discussion
LINKS

Visit the episode page at https://carpentercpas.com/standout for more details and a transcript of the show.
Join the Profit First for Construction community!

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
...more
20min
October 29, 2024Insurance Made Easy: Navigate Your Job's Coverage Needs
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Learn how to make sense of insurance requirements in construction projects! This episode of Contractor Success Forum walks you through reading job specs to ensure you’re covered correctly without paying extra. Discover practical steps to streamline insurance for your bids, avoid costly mistakes, and ensure compliance. This episode is perfect for contractors looking to simplify insurance and focus on what matters—building successful projects!
#constructioninsurance #constructionprojects #constructionpodcast
Topics we cover in this episode:
00:36 - Identifying Key Insurance Requirements
01:08 - Breaking Down Complex Insurance Specs
04:02 - Umbrella Coverage Essentials
04:32 - Understanding Liquidated Damages
08:00 - Navigating Different Types of Insurance
14:47 - Builder’s Risk and Property Coverage
16:00 - Role of a Specialized Insurance Agent
16:58 - Preparing Insurance Estimates Early
LINKS

Visit the episode page at https://carpentercpas.com/coverage for more details and a transcript of the show.
Join the Profit First for Construction community!

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
...more
20min

FAQs about Contractor Success Forum:

How many episodes does Contractor Success Forum have?

The podcast currently has 197 episodes available.