What's one thing you should do at the beginning of a crisis that your banker might not like? How can you make your business a "hard target" for failure? Spencer Padgett and I discuss...

What you'll get out of this construction podcast:

• Advice from a couple of guys who have been through financial disaster before.
• A few things you can to set up a proper baseline to deal with all the chaos.
• Some advice that your banker might not appreciate.
• Five lessons you can learn from a financial crisis, and what you can do right now.
• A few self-destructive behaviors to avoid (from personal experience.)
• How to use the COVID-19 induced recession as an opportunity.

Resources mentioned in this construction podcast:

CoConstruct - The software and community that will help you run your entire construction business. 

More details on CoConstruct at this link - http://www.constructionleadingedge.com/coconstruct

Apparatus Team - Offload your bookkeeping, reporting and payroll headaches.  Learn more at this link - www.constructionleadingedge.com/headache 

Eliminate Profit Bleeds - Schedule a free strategy call (if still available) with Todd Dawalt by selecting a time at this link - www.constructionleadingedge.com/call

What stimulus funds are available, and how can you request them?How can you manage finances during this crisis so you survive AND are in a better position when things start returning to normal? Get your questions answered by Nicole Landau, who specializes in providing CFO (Chief Financial Officer) services to a variety of construction businesses.

Contact Nicole Landau - www.landauconsultingsolutions.com

Resources mentioned in this construction podcast episode:

FieldChat - Get 15% off by going to www.fieldchat.com/edge

Companycam - Get your 14 day free trial + 50% off your first two months at https://companycam.com/cle

Suffering from profit bleeds?  Schedule your free strategy call with Todd Dawalt at www.constructionleadingedge.com/call

Here's a different way to to look at the Coronavirus pandemic.

What you'll get out of this construction podcast episode:

- What are some of the new problems being created by COVID-19 that could turn into projects?

- How to "flow to problems."

- How to take this opportunity to "sharpen the saw."

- Answer the question, "how much of the profit in your backlog do you want to keep?"

Resources mentioned in this construction podcast episode:

FieldChat - Get 15% off by going to www.fieldchat.com/edge

Companycam - Get your 14 day free trial + 50% off your first two months at https://companycam.com/cle

Suffering from profit bleeds?  Schedule your free strategy call with Todd Dawalt at www.constructionleadingedge.com/call

Why did Scott Wentz set up a nonprofit to get young people into the construction trades, and how is the Builders Bridge program working?

Here's what you'll get out of this construction podcast episode:

• The overlooked group of people whose misconceptions about the construction industry are keeping young people away.
• What's missing from the typical approaches many are using to try to attract young people to the trades?
• What is a "homebuilding immersion trip?"
• What's in it for homebuilders and trade partners to get involved with creating pathways into the trades?
• How you can get involved with Builders Bridge.

Resources mentioned in this construction podcast episode:

FieldChat - Get 15% off by going to www.fieldchat.com/edge

Companycam - Get your 14 day free trial + 50% off your first two months at https://companycam.com/cle

Suffering from profit bleeds?  Schedule your free strategy call with Todd Dawalt at www.constructionleadingedge.com/call

Builders Bridge - Bridging the gap between the opportunities in the homebuilding industry and the needs in our communities https://buildersbridge.com/

What if you hire all the right people and your company still breaks.  What if filling all your openings actually makes things worse?

Here's what you'll get out of this construction podcast episode:

• Would you vote yes or no to raise the dam?
• Why you may not actually have a labor shortage.  (What is it then?)
• How hiring more people could be the worst thing you can do.
• Details on the "other" skilled labor shortage that's much worse than ours, and what they're doing about it.
• What is load shedding, and how might it help you?
• Learn about one type of "organizational malware."
• Details of one contractor who is busier than ever, but not making more money.  What are the "profit bleeds" he's suffering from...and the alarming amount it's costing.

Resources mentioned in this construction podcast episode:

The ADVANCE Bottom Line Growth Hacks and Secrets Conference - https://constructionbusinessaccelerator.com/advance

Are you suffering from profit bleeds?  Map out a plan of attack to stop the bleeding. 

Schedule your free strategy call with Todd Dawalt at www.constructionleadingedge.com/call

Looking for ways to make your field crews more productive?   The "Lynyrd Skynyrd Principle" and a few other productivity hacks will help.

Resources and tools mentioned in this construction podcast episode:

The ADVANCE: Bottom Line Growth Hacks & Secrets for Builders and Contractors - Live Event - https://constructionbusinessaccelerator.com/advance

How to Build a Healthy Backlog of High Margin Work - Get your free copy of my video course -

https://constructionbusinessaccelerator.com/backlog

When their business almost failed in 2016, Rob, his brother and his Dad realized some weaknesses that needed to be fixed, and it set them up for growth.  

What you'll learn from this construction podcast episode:

• How their near failure in 2016 set them up for success.
• Keys Rob has learned to running a business with his dad and brother.
• The question Rob would ask you if you tell him you're thinking about starting your own business.
• How one person can be a cancer to your team.
• There are no shortcuts in construction.
• Rob's story of how he went from working in the trades to being a construction business owner.

Resources and tools mentioned in this construction podcast episode:

The ADVANCE: Bottom Line Growth Hacks & Secrets for Builders and Contractors - Live Event - https://constructionbusinessaccelerator.com/advance

25 Questions to Qualify Leads: https://constructionbusinessaccelerator.com/backlog

How to Build a Healthy Backlog of High Margin Work - Get your free copy of my video course -

https://constructionbusinessaccelerator.com/backlog

A lot of contractors are busier than ever before, but are making less money than before...even losing money.  Why is that?  

In this episode you'll learn about eight profit bleeds that cause really busy contractors and builders to lose money. 

You might be surprised to see how much these profit bleeds add up to at the end of the year.

Resources mentioned in this construction podcast episode:

Resources and tools mentioned in this construction podcast episode:

Companycam - Get your free trial + 50% off your first two months at https://companycam.com/cle

Systematize Your Construction Business - Free Video Series - https://constructionbusinessaccelerator.com 

The ADVANCE: Bottom Line Growth Hacks & Secrets for Builders and Contractors - Live Event - https://constructionbusinessaccelerator.com/advance

Schedule Your Free Call with Todd Dawalt - www.constructionleadingedge.com/call

What are systems you can use to eliminate tire kickers, close more sales, eliminate chaos, and boost profits?  Here are 5 questions from podcast listeners that will help you.

Questions I answer in this construction podcast episode:

1. How do we do job cost tracking so we can check it with our original estimate and know if we are estimating correctly and making a profit?
2. I want to polish our whole business up.  Where should I start?
3. We need a process for how to pass projects from sales to project management.
4. What are pricing strategies and ways to close more sales?  Many times I lose jobs because I am either priced too high or because someone else was referred...and I was found on the web.
5. How do I eliminate tire kickers?

Resources and tools mentioned in this construction podcast episode:

Companycam - Get your free trial + 50% off your first two months at https://companycam.com/cle

Systematize Your Construction Business - Free Video Series - https://constructionbusinessaccelerator.com 

The ADVANCE: Bottom Line Growth Hacks & Secrets for Builders and Contractors - Live Event - https://constructionbusinessaccelerator.com/advance

How did Joel make the jump from electrician to business owner?How did an "epic failure" set him up for success? How can commitment be infectious?

What you'll get out of this construction podcast episode:

• What does Joel mean, "the only way out is through?"
• How your commitment level can be infectious.
• One question that's better than, "what can I do?"
• The difference between crockpot and microwave thinking.
• Why you can never really be fully prepared to own a construction business.
• The surprising parallels between marriage and business.
• Why Joel's advice to his 20 year old self would be, "You're the problem."

Resources and tools mentioned in this construction podcast episode:

Companycam - Get your free trial + 50% off your first two months at https://companycam.com/cle

Systematize Your Construction Business - Free Video Series - https://constructionbusinessaccelerator.com 

The ADVANCE: Bottom Line Growth Hacks & Secrets for Builders and Contractors - Live Event - https://constructionbusinessaccelerator.com/advance

How you can contact Joel Krugjohann:

www.urbanknox.net

joel(at)urbanknox.net