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Contractor Success Forum
Contractor Success Forum episodes
- Protect your construction company against cybercrime and employee fraud
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No one wants to think they could be the victim of employee dishonesty or cybercrime, but the unfortunate reality is that it's becoming more and more common. This week's episode is all about awareness of the types of fraud you may encounter and how to protect yourself.
Topics we cover include:- How common employee fraud and cybercrime are
- Examples of fraud in construction companies
- How insurance can protect you from employee dishonesty, theft, cybercrime, and social engineering attacks
- Internal controls that can protect you and how applying for insurance can help you put them in place
Visit the episode page at contractorsuccessforum.com/fraud for more details and a transcript of the show.
Subscribe for free resources and to be notified of future episodes at contractorsuccessforum.com/subscribe.
Find all episodes and related links at ContractorSuccessForum.com.
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Rob Williams, Profit Strategist | IronGateESS.com
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.comJoin 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
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com20 min - Surviving Seasonality and Uncertainty in Construction
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This week we're talking about how to deal with seasonality in the construction industry. As a contractor, you've likely faced ups and downs in your business from changes that were both anticipated and unpredictable. In the episode, we're sharing strategies for preparing for both.
Topics we cover include:- The factors that can affect your job volume and cash flow, including those beyond weather
- How seasonality affects bonding
- Tools you can use to save money during the good times and avoid spending it in the slow seasons
- Whether you should consider a pivot when work is slow and what else you can do to be productive during downtimes
Visit the episode page at contractorsuccessforum.com/seasonality for more details and a transcript of the show.
Subscribe for free resources and to be notified of future episodes at contractorsuccessforum.com/subscribe.
Find all episodes and related links at ContractorSuccessForum.com.
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Rob Williams, Profit Strategist | IronGateESS.com
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.comJoin 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.com18 min - Choosing the structure of your construction company
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Sole proprietorship? LLC? Partnership? S-Corporation? When it comes to structuring your construction company, there are multiple options with various tax and liability implications. Don't rely on an internet search or what you heard from a friend or relative to decide what will work best for you.
This week we're talking about the options you have when structuring your business. We cover:- How the structure you choose can affect the way you're taxed
- How the type of business entity you choose affects liability and asset protection
- How what's right for you may vary by industry, location and other factors
- Why it's important to work with a professional to make these decisions and how to get started
Visit the episode page at contractorsuccessforum.com/structure for more details and a transcript of the show.
ADDITIONAL RESOURCES- Visit https://contractorsuccessforum.com/managing-your-job-files/ to read more about structuring your job files.
Subscribe for free resources and to be notified of future episodes at contractorsuccessforum.com/subscribe.
Find all episodes and related links at ContractorSuccessForum.com.
FIND US ONLINE
Rob Williams, Profit Strategist | IronGateESS.com
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.comJoin 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.com20 min - Build your job files for protection and profitability
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Every project manager seems to keep records differently, but having a defined and organized process for building your job files can save you a ton of time, money, and stress. This week we're discussing why job files are important, how to build a good one and how they can help you resolve disputes that could otherwise cost you.
Topics we cover include:- Why you should stay organized and build job files
- How job files may differ for different industries and types of companies
- How to store your job files
- Why documentation is crucial
- How a good job file can change a lawsuit into a change order
Visit the episode page at contractorsuccessforum.com/jobfile for more details and a transcript of the show.
ADDITIONAL RESOURCES- Visit https://contractorsuccessforum.com/managing-your-job-files/ to read more about structuring your job files.
Subscribe for free resources and to be notified of future episodes at contractorsuccessforum.com/subscribe.
Find all episodes and related links at ContractorSuccessForum.com.
FIND US ONLINE
Rob Williams, Profit Strategist | IronGateESS.com
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.comJoin 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.com20 min - Use your financials to make sound business decisions with Martin Holland
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Wade, Stephen, and Rob sit down this week with Martin Holland of Anneal Business Coaching to discuss changes business owners in the construction industry can make for more profit and fewer headaches.
Topics we cover in this episode include the importance of having good books for making sound business decisions, why you need to know your true break-even sales numbers, how to stick to your target margins with intentional bidding, and how these strategies come into play when you implement a more advanced version of Profit First specific to your industry.
Learn more about Martin Holland and get his book, The Profit Problem, at AnnealBC.com.
Visit the episode page at contractorsuccessforum.com/martin for more details and a transcript of the show.
Subscribe for free resources and to be notified of future episodes at contractorsuccessforum.com/subscribe.Find all episodes and related links at ContractorSuccessForum.com.
FIND US ONLINE
Rob Williams, Profit Strategist | IronGateESS.com
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.comJoin 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.com28 min - How to structure Profit First for your industry with Billie Anne Grigg
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This week we're talking with the Senior Strategic Guide at Profit First Professionals, Billie Anne Grigg.
We discuss how important it is to structure Profit First for your specific business and industry, common pitfalls for those just starting to implement Profit First in their business, what Real Revenue is and why it matters, and how Profit First helps contractors survive seasonality.
Visit the episode page at contractorsuccessforum.com/billieanne for more details and a transcript of the show.
Subscribe for free resources and to be notified of future episodes at contractorsuccessforum.com/subscribe.Find all episodes and related links at ContractorSuccessForum.com.
FIND US ONLINE
Rob Williams, Profit Strategist | IronGateESS.com
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.comJoin 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.com30 min - Cash Flow Tips for Contractors
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Who wouldn't like to have better cash flow in their business? Cash flow is not always easy to get a handle on, especially for growing businesses. This week, Wade, Stephen, and Rob are sharing tips and insights that will help you improve cash flow in your business.
Topics covered include what to do with cash when it comes in, why you need a system in place (especially if you don't have a CFO), the importance of getting accurate paperwork from project managers and sending bills out on time for both you and your customers, and how technology can help - if it's set up correctly.
Visit the episode page at contractorsuccessforum.com/cashflow for more details and a transcript of the show.
Subscribe for free resources and to be notified of future episodes at contractorsuccessforum.com/subscribe.Find all episodes and related links at ContractorSuccessForum.com.
FIND US ONLINE
Rob Williams, Profit Strategist | IronGateESS.com
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.comJoin 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.com20 min - Habits for Profitability with Michelle Scribner
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This week we have a special guest: Michelle Scribner, CEO of Sum of All Numbers. Michelle talks us through the psychology behind Profit First and the behaviors and habits that could take a contractor's company from failing to profitable.
We discuss why all business owners, even in the same industry, have to implement the Profit First system based on their unique behaviors. We also cover adjusting how you view your numbers, why you should look at your company as if you're working for someone else, and how drip and vault accounts can help set you up for long-term success.
Visit the episode page at contractorsuccessforum.com/michelle for more details and a transcript of the show.
Subscribe for free resources and to be notified of future episodes at contractorsuccessforum.com/subscribe.Find all episodes and related links at ContractorSuccessForum.com.
FIND US ONLINE
Rob Williams, Profit Strategist | IronGateESS.com
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.comJoin 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.com25 min - Finding Profitable Projects
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This week Wade, Stephen, and Rob are discussing how to find profitable jobs, especially in today's competitive environment.
We cover how what you need to do to make sure a job will be profitable (hint: don't just go by a gut feeling), how to analyze and rank past jobs to find out what type of work you should focus on, and what you can do to discover and win more of the profitable jobs you want.
Visit the episode page at contractorsuccessforum.com/profitableprojects for more details and a transcript of the show.
Subscribe for free resources and to be notified of future episodes at contractorsuccessforum.com/subscribe.Find all episodes and related links at ContractorSuccessForum.com.
FIND US ONLINE
Rob Williams, Profit Strategist | IronGateESS.com
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.comJoin 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.com20 min - Contract Provisions that Affect Cash Flow
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If you tend to skim or skip reading contracts altogether, you need to listen to this episode. Rob, Wade and Stephen discuss the various provisions that can have sometimes catastrophic effects on your cash flow.
We discuss why it's important to pay attention to the terms of the contract, which provisions have the most impact on cash flow, and what can happen if you're not familiar with the payment terms or other provisions.
Visit the episode page at contractorsuccessforum.com/provisions for more details and a transcript of the show.
Subscribe for free resources and to be notified of future episodes at contractorsuccessforum.com/subscribe.Find all episodes and related links at ContractorSuccessForum.com.
FIND US ONLINE
Rob Williams, Profit Strategist | IronGateESS.com
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.comJoin 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.com21 min
About Contractor Success Forum
From the publisher's feed
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…
unique, but complementary views and advice from each of their 30+ years in the contracting industry. Their goal is to promote healthy, thought-provoking discussions and tips for running a better, more profitable, and successful company. Subscribe for new insights and discussion every week. Visit ContractorSuccessForum.com to view all episodes and find out more.