Contractor Success Forum

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On The Contractor Success Forum Three long-term industry professionals discuss financial strategies for running a more profitable, successful construction business.

🚨 Warning: SATIRE alert! Taking every job isn't hustle, it's self-sabotage!When clients say "we don't usually pay deposi...
08/11/2025

🚨 Warning: SATIRE alert! Taking every job isn't hustle, it's self-sabotage!

When clients say "we don't usually pay deposits" that's not a challenge - that's a red flag the size of Texas 🚩

Volume without profit = working yourself broke

Be picky. Be profitable. Your future self will thank you! Hear more on Episode 228: https://dub.sh/YaDPpZW

Drop a 🚩 if you've ever ignored obvious warning signs from a potential client!

08/09/2025

💸 "Cash flow is for cowards" they said... 🙄

Meanwhile, contractors are going broke waiting 120+ days for payment!

Big jobs = big money... eventually. But your bills don't wait!

Watch the full conversation for more moves NOT to make if you want to keep your business going: https://dub.sh/elyII8V

Smart move? Mix it up! 🎯
✅ Big contracts for growth
✅ Quick-pay jobs for cash flow
✅ Diversified project portfolio

Don't let pride kill your business. Cash flow = survival 💪

08/08/2025

"Leaders eat last" sounds noble, but it's destroying contractor businesses.

We see it constantly - owners paying everyone else first, taking nothing home, and burning out fast. Yes, sacrifice is part of entrepreneurship, but martyrdom isn't a business strategy.

More strategies you should AVOID if you want to be profitable on the newest Contractor Success Forum episode: https://dub.sh/GcOJrOM

When you don't pay yourself:
• You can't invest in your business
• Family stress increases
• Decision-making suffers from desperation
• Your company becomes unsustainable

Your compensation isn't selfish - it's essential. You need resources to lead effectively and grow strategically. Pay yourself first, then figure out how to make the numbers work.

How do you balance reinvestment in your business with fair compensation for yourself?

08/07/2025

Stop buying fancy trucks to fake success! 🛻❌

Your bank account might be empty, but your ego wants that lifted F-250 with chrome mirrors and Bluetooth tailpipes 😅

More common contractor mistakes to avoid on this week's episode: https://dub.sh/P52aUKp

We ALL have opinions on the best truck (office debates get HEATED), but here's the real question:
Is it for your EGO or your BUSINESS? 🤔

Get profitable FIRST, then treat yourself! Your future bank account will thank you.

08/05/2025

🚨 New episode alert: 10 Guaranteed Ways to Go BROKE as a Contractor! Learn what mistakes NOT to make right here: https://dub.sh/StpernZ

Here's a hard truth about pricing in construction: If you price every job like you're doing someone a favor, you're on a fast track to bankruptcy.

We see too many contractors fall into this trap. They want to be the 'nice guy' and cut deals left and right. But here's what happens when you make this your business model:

❌ You can't cover overhead costs
❌ Profit margins disappear
❌ Your business becomes unsustainable
❌ You're essentially working for free

Remember: Your pricing needs to reflect the value you deliver AND keep your business healthy. Being fair doesn't mean being cheap.

Have you ever caught yourself pricing a job too low just to be 'nice'? What happened?

Banks vs Bonding Companies: They don't evaluate you the same way! 🏗️Bonding companies focus on the 3 C's:💰 CASH - Workin...
08/04/2025

Banks vs Bonding Companies: They don't evaluate you the same way! 🏗️

Bonding companies focus on the 3 C's:
💰 CASH - Working capital for your backlog
🤝 CHARACTER - Do what you say you'll do
⚡ CAPACITY - Can you actually do the work?

While banks want collateral, sureties want to see your track record and capability! This is why understanding the difference is crucial for landing those bigger projects 📈

Even if you're bidding new types of work, a solid game plan can show capacity! 🎯

Hear more on the latest episode of the pod: https://dub.sh/r8QPgW4

Drop a 💪 if you've successfully demonstrated capacity for a new type of project!

08/03/2025

Your backlog looks impressive on paper, but bonding companies dig deeper.

They're evaluating your backlog gross profit against your proven track record of completing work profitably. It's not just about the numbers you project—it's about your historical performance and working capital to support that backlog. This is why maintaining strong financial discipline and documenting your ex*****on capabilities is crucial for securing the bonding you need to grow.

More on what your bonding company is looking for in our latest episode: https://dub.sh/I0cKmfN

How do you prepare your financial records to demonstrate your ex*****on capabilities to bonding companies?

08/02/2025

📊 Contractors: Your over/under billings could be sabotaging your bonding!

When these numbers exceed 20-30% of your equity, bonding companies get nervous and start making adjustments 😬

Get the details on this week’s episode 👉 https://dub.sh/ljyARnt

💡 Quick breakdown:

• Billing > costs = current liability
• Costs > billing = current asset
• Either way, keep it under control!

Your balance sheet tells a story - make sure it's the right one 📈

Drop a 📊 if you regularly monitor your over/under billing ratios! What's your biggest challenge with job costing?

07/31/2025

Mind-blown moment! 🤯 Did you know banks and bonding companies look at your financials completely differently?

📈 Banks = Looking BACKWARD at your past performance
🚀 Bonding companies = Looking FORWARD at your future capacity

This changes everything about how you pitch to each! 💡

For banks: Show off that solid track record 📊
For bonding: Highlight your future potential 🎯

Game changer for any contractor trying to grow! 💪 Join the conversation on our latest episode: https://dub.sh/xaJYPk3

Drop a 💡 if this tip just changed how you think about financing!

07/29/2025

🚨 CONTRACTOR ALERT 🚨

The #1 bonding capacity killer? Taking cash out without doing the math first! 💸

Your bank says yes ✅
Your surety company says no ❌

Why? Because they're looking at different things!

Find out more on the newest episode of the podcast: https://dub.sh/01nRaAb

Bond underwriters want to see you have enough working capital to back up those bonds 💪

Make sure you know your numbers! 📊

Boom times aren’t just about chasing more work. Now’s the moment to step back, refine your systems, and set your busines...
07/28/2025

Boom times aren’t just about chasing more work.

Now’s the moment to step back, refine your systems, and set your business up for real, sustainable growth. 💡

👉 Hear Wade’s full insights in this week’s episode: https://dub.sh/6Xochkz

07/27/2025

Where’s the work booming?

Arizona: 🏭 311% growth
Texas: ⚡️ 53% growth
Florida, Ohio, Georgia, NC—all surging.

Know where to focus your crews.

📍 Want the full list of growth markets? Watch the full episode on YouTube: https://dub.sh/Oprt0mk

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+19014994766

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