TCF876: Construction Cash Flow Tips: Advice for Struggling Contractors
Struggling with cash flow is an all-too-common issue contractors deal with, but so many contractors make the same mistake over and over, which leads to their struggle with cash flow. Tom reveals the top mistakes some contractors make that mess up their cash flow and shares cash flow tips to keep your business flush with cash.
Episode Highlights:
[00:00] - Pricing work based on your goals and numbers
[00:50] - Cash flow problems
[01:06] - Send those invoices!
[02:34] - Hire a bookkeeper
[03:03] - Finish what you start
[05:16] - Pay bills on time, not early
[06:12] - Negotiate payment terms with vendors
[07:01] - Wrap-up
Click here to listen to TCF868: Scaling to $300 million with Tommy Mello.
Resources:
???? You didn’t become a contractor to struggle financially. Download our worksheet and start calculating a 50% gross profit on every job. It’s time to get your shit together! https://thecontractorfight.com/50/
???? Grab your copy of our FREE Contractors Guide to Spotting Cheap Prospects here: https://thecontractorfight.com/cheap
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