Construction Secrets

This is the MAGIC Construction Business Model (Explained) [#ThrowbackThursday] | Ep. 375


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This episode is a re-run. It was originally published in July 2023.


This is the construction business model that changes everything. Curious about how it works? Listen up and learn how it can unlock massive growth for your business!


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Don’t let contract issues hold you back—gain the confidence to focus on growing your business. Ready to take control and make more profit per project?


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Timestamps:

(3:09) - 10% might just be your margin and so if you get away for a whole year to realize your profit, that is essentially a bad business model in my view

(5:08) - How can we move a traditional construction company from the worst business model to a better one?

(5:26) - The first step is to start getting a prepayment on every project that you do

(6:40) - It liquidates your cost of acquisition

(7:43) - You’re actually able to secure materials and people quicker and at better rates

(8:23) - You actually deliver a better outcome for your client


DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have.


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