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Struggling to make your construction business consistently profitable? In this episode, Wade and Stephen introduce the Business Model Canvas, a strategic tool that can redefine how you manage and grow your construction company. 

Discover how to identify your ideal customers, clarify your unique value proposition, streamline value delivery, and uncover growth opportunities. Learn the nine key segments of this powerful model and how to apply them to your contracting business for sustained success.

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Topics we cover in this episode include:

• 01:31 The Power of the Business Model Canvas
• 05:15 Customer Segments: Identifying Your Ideal Client
• 08:08 Value Proposition: What Makes You Unique?
• 11:17 Channels: Reaching Your Clients
• 12:24 Customer Relationships: Building and Maintaining Connections
• 13:51 Revenue Streams: How Your Business Makes Money
• 15:37 Key Resources: Critical Assets for Success
• 17:24 Key Activities: Essential Business Processes
• 18:41 Key Partnerships: Working With Others
• 20:43 Cost Structure: Where Does the Money Go?

LINKS

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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com