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 234 episodes available.

Contractor Success Forum episodes:

October 01, 2024How Your Construction Background Shapes Your Success
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In this episode, we explore how your construction background can significantly shape the success of your company. Whether you come from a large corporation or a small hands-on business, your experience plays a key role in managing operations, handling finances, and growing your business.
We share real-world examples and discuss how different backgrounds affect the approach to building a successful construction company. Perfect for contractors considering entrepreneurship or looking to refine their management style.
Topics we cover in this episode include:
00:00 - How construction experience influences business success.
00:18 - The Influence of Large vs. Small Company Experience
01:00 - Setting Up Systems and the Mindset for Success
02:30 - Real-Life Examples of Contractors Transitioning
04:15 - Understanding Costs and Overhead
06:00 - Balancing Experience and Expectations
08:00 - Key Takeaways and Advice for Starting a Construction Business
LINKS

Visit the episode page at https://carpentercpas.com/background 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
September 24, 202425 Secrets to Skyrocket Your Construction Business
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Ready to supercharge your construction business? We're breaking down 25 proven strategies to grow your construction company. From networking to financial management, we've got the insider tips you need to take your business to new heights.
Watch now to learn how successful contractors are crushing it in today's market. Don't forget to like, subscribe, and hit that notification bell for more construction success tips!
#ConstructionGrowth #ContractorTips #BusinessExpansion
What we cover on this episode:
00:28 - Networking For Growth
02:18 - Quality Workmanship
03:14 - Customer Service
04:15 - Marketing Strategies
05:26 - Specialization
06:39 - Expanding Services
08:49 - Strategic Partnerships
09:16 - Financial Management
11:11 - Continuous Improvement
12:22 - Risk Management
13:43 - Pricing and Cashflow
LINKS

Visit the episode page at https://carpentercpas.com/grownow 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
15min
September 17, 2024Mastering the Six Hats of Construction Business Success
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Unlock the power of strategic thinking in construction with the Six Thinking Hats approach. Learn how to make better decisions, spot risks, and find innovative solutions for your projects. Dive into each hat's unique perspective and transform your business mindset.

#ConstructionSuccess #StrategicThinking #BusinessLeadership
What we cover on this episode:
00:00 - Introduction to Six Thinking Hats
03:23 - White Hat: The Analyst
05:54 - Red Hat: The Empath
08:57 - Black Hat: Risk Manager
11:38 - Yellow Hat: The Optimist
13:56 - Green Hat: The Innovator
17:16 - Blue Hat: The Organizer
19:29 - Conclusion and Feedback Request
LINKS

Visit the episode page at https://carpentercpas.com/sixhats 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
21min
September 10, 2024Lean Construction Secrets: Streamlining Your Projects for Success
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In this episode of the Contractor Success Forum, we dive into the world of lean construction-a game-changing approach that helps contractors complete projects faster, safer, and with higher quality. Hosts Wade Carpenter and Stephen Brown discuss the key principles of lean construction, including the 5S methodology, waste reduction strategies, and how these practices can streamline operations and improve profits.

Learn how lean techniques can boost your team's efficiency, improve employee engagement, and reduce costly rework. Whether you're a seasoned contractor or new to the field, this episode offers practical steps to implement lean in your business today.

Topics we cover on this week's episode:
Introduction to Lean Construction (00:00:00 - 00:00:19)
Ever wonder how construction companies deliver faster, safer projects? Introducing lean construction.
Overview of Lean Construction (00:00:19 - 00:01:00)
Explanation of lean construction's key principles and its origins.
Benefits and Statistics of Lean Construction (00:01:00 - 00:02:00)
Hard data on lean practices, including efficiency, teamwork, and satisfaction improvements.
5S Principles for Lean Construction (00:05:59 - 00:06:25)
Explanation of the 5S principles: Sort, Set in order, Shine, Standardize, Sustain.
Reducing Waste in Construction (00:06:25 - 00:08:12)
Addressing waste reduction in construction using the DOWNTIME acronym.
Implementing Lean and Employee Engagement (00:08:12 - 00:09:45)
Engaging employees and improving productivity through lean methods.
Conclusion and Resources (00:11:45 - 00:14:17)
Encouragement to get lean certified and the importance of continuous improvement.
LINKS

Resources we mentioned in the episode:
Lean Construction Reading List
Jason Schroeder's podcast, Elevate Construction
Lean Construction Education Program

Visit the episode page at https://CarpenterCPAs.com/leanconstruction 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
15min
September 03, 2024AI in Construction: From Basic Tools to Advanced Automation and Beyond
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This week, we explore how AI is transforming the construction industry. Discover how AI tools can automate tasks, streamline project management, and improve efficiency, ultimately making your business more profitable.

Whether you're already using AI or just curious, this episode offers practical insights to help you leverage this powerful technology.
What we cover on this episode:
00:21 - The role of AI in enhancing productivity
01:18 - The evolution from simple prompts to AI assistance
01:56 - AI applications in estimating and bidding
02:50 - The role of AI in contract management
04:08 - Chained AI agents and their practical use
04:54 - Voice-activated AI and customer service
05:58 - AI's role in risk management and contract analysis
09:08 - Automating document analysis and project specs
11:02 - Using AI for contract review and identifying risks
14:12 - Integrating AI tools for better project management
15:56 - Future possibilities and AI-driven efficiencies
LINKS

Visit the episode page at https://CarpenterCPAs.com/ConstructionAI 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
21min
August 27, 2024Automating Your Construction Company with Make.com
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Discover how to automate your construction business with Make.com! 🚧💡 Wade and Stephen share real-world examples of streamlining operations, from capturing receipts to generating reports. Learn to save time, reduce errors, and focus on growth. 📈
Watch now to boost efficiency and profitability!
What we cover on this episode:
00:44 - Embracing technology
01:56 - Automation benefits
03:12 - Automation security
04:03 - Automation examples
06:41 - Automation tools
08:06 - Automation for contractors
09:49 - AI and automation
12:06 - Automation for sales
13:45 - Automation for accounting
16:27 - Automation for meetings
19:17 - More automation examples
20:19 - Automation for safety and HR
21:48 - Future of automation
LINKS

Visit the episode page at https://CarpenterCPAs.com/make 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
August 20, 2024How to Maximize Profit and Cash Flow in the Growth Stage
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Struggling with cash flow as your construction business grows? Learn essential strategies to maximize profit and maintain cash flow during critical growth stages. Wade Carpenter and Stephen Brown share expert insights on navigating financial challenges.
Watch now for practical tips on pricing, billing, and cash management. Don't let growth sink your ship!
What we cover on this episode:
00:16 - Cash Flow Challenges
00:44 - Growth Phases
02:12 - Overhead and Profit
03:29 - Pricing and Markup
04:40 - Cash Flow Forecasting
06:31 - Accurate Financials
08:14 - Startup Phase Mistakes
10:30 - Cash Flow Control
12:41 - Growth Phase Risks
14:40 - Maximizing Profit
LINKS

Visit the episode page at https://CarpenterCPAs.com/scale 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
August 13, 2024The Olympic Caliber Contractor: Becoming the Best of the Best
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What does it take to be an Olympic-level contractor, consistently setting the gold standard in construction?
Join Wade Carpenter and Stephen Brown as they explore the key traits and practices that separate the good from the truly great. Discover how you can push your team to win every time.
#ContractorSuccessForum #OlympicCaliberContractor #ConstructionExcellence
Topics we cover on this episode include:
00:39 - Contractor of the Year
01:12 - Thinking Outside the Box
02:33 - Discipline and Consistency
03:27 - Investing in Employees
04:35 - Autopilot Performance
05:23 - Breeding Success
06:31 - Strategic Planning
07:34 - Training for Success
08:30 - Innovation and Improvement
09:25 - Reputation and Relationships
10:12 - Ethics and Community
10:51 - Financial Acumen
11:56 - Resilience and Perseverance
12:43 - Performance Speaks Volumes
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
August 06, 2024How to Know if You Are Marking Up Your Bids Properly
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Are you bidding your construction jobs correctly? Learn the crucial difference between margin and markup to boost your profits. We'll show you how to reverse engineer your bids for success and maximize your cash flow. Watch now and transform your bidding strategy!
What we cover on this episode:
01:21 - Reverse engineering profit margins
03:23 - Understanding break-even point
05:45 - Markup vs. margin explained
08:55 - Defining job costs
12:20 - Importance of cash-based profit
15:36 - Introducing Profit First website
18:58 - Conclusion and feedback request
LINKS

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

Get the free breakeven calculator: https://ProfitFirstConstruction.com/breakeven

Join the Profit First Construction community
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
July 30, 2024The 5 Stages of Growth for a Construction Company
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Discover the 5 stages of construction company growth and what they mean for your success. From startup to maturity, learn how to navigate challenges and seize opportunities at each stage. Watch now to understand where your business stands and plan for the future!
Topics we cover on this episode include:
01:47 - The Startup stage
03:06 - The Survival stage
05:05 - The Success stage
08:16 - The Growth stage
11:41 - The Maturity stage
15:55 - Generational challenges
20:22 - Market factors that affect each growth stage
LINKS

Visit the episode page at https://CarpenterCPAs.com/growthstages 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
27min

FAQs about Contractor Success Forum:

How many episodes does Contractor Success Forum have?

The podcast currently has 234 episodes available.