Protect your construction site from theft! In this episode, we discuss the rising issue of job site theft and how it impacts your business. Learn practical tips to safeguard your equipment and materials, especially during holidays. Don't let theft eat into your profits - listen now and secure your assets! Topics we cover on this episode include: 00:28 - Theft in Construction Industry01:06 - Holidays: Prime Time for Theft02:08 - Organized Crime Involvement03:06 - Statistics on Equipm...
Jul 2, 2024
17 min
Struggling to finish that last 2% of a construction job? 🚧 In this episode, Wade Carpenter and Stephen Brown discuss real-world case studies of projects that went off the rails in the final stages. Discover best practices to avoid costly delays, rework, and legal battles as you close out your next project. 💪Watch now for expert tips on punch lists, documentation, and effective communication to ensure a successful finish! 🎉#ConstructionCloseout #ProjectManagement #ContractorSuccessTopics we co...
Jun 25, 2024
20 min
Have you ever had trouble finding good help? Can't find good qualified people? It's been tough in the construction market, but there are ways to find good help at a reasonable cost. Let’s break them down this week on the podcast.On this episode, we discuss:The current state of the labor shortage in construction and accountingWhy companies are struggling to find and retain good laborWhat happens when a construction owner tries to take on too many rolesOutsourcing as a solution to the labor sho...
Jun 18, 2024
20 min
You've got a new construction project. Everyone's excited to get started, but are you doing the right things or are you setting yourself up for failure? Let’s talk about the essential items that should be on your checklist for a successful project. Topics we cover in this episode include:Start off with good communicationGet the mobilization and utilization right at the beginning of your project Get accurate accounting information from the start Consider project safety from the ...
Jun 11, 2024
15 min
They say history repeats itself, and this is definitely true in construction. What can we learn from what happened in the past so it doesn't repeat itself? Let’s talk about it this week. Topics we cover in this episode include:What we've learned from periods like recession and Covid 19Be aware of economic cycles and how to get through the downturnsPrepare for not only the recession, but also the recovery periodWhat we can learn from the supply chain issues during Covid 19 Time and m...
Jun 3, 2024
21 min
Have you ever noticed that some people do really well in construction while others really struggle? What do they know that you don't? Today we're talking about seven secrets to building a successful construction company. Topics we cover in this episode include:Engage in effective financial managementBuild a strong team around you, internally and externallyDevelop a niche marketManage your projects effectivelyBuild strong relationshipsPut marketing and branding in place Continuously ...
May 28, 2024
20 min
What happens when things go wrong on a job? When they do, what can we learn from it so that we don't make the same mistakes again? Stephen has a case study this week that contains multiple important lessons that all contractors should hear. Topics we cover in this episode include:A case study in construction failureBreaking down the factsMake sure insurance covers anything your project touches - including existing buildingsHave conversations with the architect before the bidIf you'...
May 21, 2024
22 min
Are you finding all the work you want to do? Trouble finding leads? Does social media help? Today, marketing expert Amanda Darr is here to help us figure that out.Topics we cover in this episode include:Start by defining your ideal clientGet a domain and business email set upSet up a website - it doesn't have to be complicated Does your construction company need a social media presence?Share stories and visuals that showcase your work, process, and teamWhat content to showcase (and what ...
May 14, 2024
24 min
Not getting the information you need from your construction accounting software? Have you outgrown your software? How would you know if you did? And how do you start the search for the right software to replace it? Let's talk about it all on this week's episode.Topics we cover in this episode include:Are you having trouble integrating with other products?Are you doing things manually that could be automated?Is your software customized to the information you want?Where to start when searching ...
May 7, 2024
21 min
Are you putting yourself at risk for an IRS audit? What kind of things do the IRS target for contractors? We're breaking it down on the podcast this week. Topics we cover in this episode include:Accounting method rules based on the type of contractor you areContract-related services and advanced paymentsThings on the expense side that can trigger an auditUnreasonable compensationCharitable contributionsMisclassification of workersUnusual transactionsDrastic changes in expense classification f...
Apr 30, 2024
18 min
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