The Construction Leading Edge Podcast

Use this 3 pronged approach to reduce the profit bleeds, chaos and loss of will to live from the punchlist phase. What you'll get from this construction podcast episode: How to set up your agreements so your punchlist process causes fewer profit bleeds. Systems you can put in place during construction to reduce rework, unsolicited charity, and opportunity cost. How to anchor your customers to the right expectations. A step by step process you can use for your punchlist phase that puts it all together. Resources mentioned in this construction podcast episode: Productivity Hacks & Optimize Your Overhead [Free PDF Guide] - www.buildermasterclass.com CoConstruct Software for Builders and Remodelers - www.constructionleadingedge.com/coconstruct Tsheets Time Tracking Software - www.constructionleadingedge.com/tsheets CompanyCam Photo App for documenting your QC process and punchlist - www.companycam.com

Boost your sales by learning some insider secrets only bankers usually know about. What you'll get from this construction podcast episode: - Insider secret about financing that contractors need to know about. - Two things lenders care about. There are only two. - Why Giri Addanki says "Zero percent interest cards are just kicking the can down the road." - How can contractors use financing to increase sales...even commercial contractors? - The three different financing models that are out there, and a relatively new model that's "bringing the marketplace to the kitchen table." - Misconceptions about offering financing. - How the flow of money works when you offer financing. - Mistakes they make when getting set up with a lender? - What are the biggest problems contractors can solve by offering financing? Resources mentioned in this construction podcast episode: Acorn Finance - www.acornfinance.com CoConstruct Software: Run your entire business on it - www.constructionleadingedge.com/coconstruct

There's gold in the dysfunction at your jobsites. Here are 9 proven hacks you can use to boost productivity at your jobsites. Here's what you're going to get out of this construction podcast epsisode: - Nine proven hacks you can use to boost productivity on your jobsites. - Why you should Stay Out of Stores. Period. - What can you do about personal phone usage on the jobsite? - Two questions to cover every morning in a 5 minute huddle. - What does it mean to "batch communication?" - What does a deep work session look like for you? - How you can use "visual scopes of work" to reduce mistakes and rework. - The phrase you probably use that needs to be deleted from your vocabulary. - What is the handoff, and why should you focus on it to boost productivity? Resources mentioned in this construction podcast episode: Download the Productivity Hacks Guide with all 32 hacks - https://buildermasterclass.com/tips CoConstruct Masterclass: Maximize Bottom Line Profits - https://buildermasterclass.com CoConstruct Software for Running Your Entire Business - www.constructionleadingedge.com/coconstruct

What are some of the challenges of an $800M renovation project? What about "herd knowledge" and "training fatigue" when it comes to new software? What you'll get out of this construction podcast episode: - Insider perspective from two the Bear Construction team working on the $800 million renovation of the Old Chicago Post Office. - Some of the surprising challenges Nick, Tony and their team faced during this massive project. - What are some of the most interesting tech solutions out there right now for contractors? - Some big mistakes to avoid when rolling out a new piece of software to manage projects, like they did with Fieldwire. - What are some tips for getting your team to embrace a new system? - How to go about selling upper management or ownership on the idea of changing a process or investing in software. - Some of the biggest challenges for contractors that the Fieldwire team is tackling. Resources mentioned in this construction podcast episode: Bear Construction Company - www.bearcc.com Fieldwire Field Management Software for Contractors - www.fieldwire.com

What you'll learn in this construction podcast episode: What are private capital groups and how do you find them? The difference between debt lenders, private equity and private capital groups The basics of how a real estate deal (multi-family or land development) gets financed. One of the not-so-well-known tax credits available to homebuilders Common misconceptions about financing real estate deals. The mindset of loan committees who decide on financing deals "The balance sheet and property doesn't need to be perfect, but your character needs to be good." The script you want to have ready that will help you get your deal across the finish line. When is the right time to start meeting with financing groups? (It's sooner than you think.) The question you should ask every lender or investor who turns you down. Investors have a 90/10 rule to ensure you have skin in the game. How to get started if you want to start developing your own projects. How to get a "free look" at a property with no risk so you can do due diligence. What does "going hard" on a property mean? Michael's advice on how much of your own money you should put in a deal. When's the right time to go back to your lenders or investors when things don't go well? One big mistake builders and developers make when dealing with lenders and investors. How to contact Michael Berke Tempo Capital Group www.tempocapitalgroup.com

Learn from the mistakes Mike McCallum made the first time he started his drywall business, and the adjustments he made the second time around. What you'll get out of this construction podcast episode: - The quickest way to go out of business is to do work based on someone else's numbers. - Everybody has a boss - The mistakes he made the first time around as a drywall construction business owner. - The danger of not charging enough for your work. - Why the term cash flow may be a misnomer. - The importance of protecting your credit - How to determine if a potential employee is reliable. Resources mentioned in this construction podcast episode: Eliminate Profit Bleeds - Schedule a free strategy session with Todd Dawalt to identify your biggest profit bleeds and map out a plan to eliminate them - www.constructionleadingedge.com/call FieldChat - Get your free trial at www.fieldchat.com/edge CompanyCam is now totally free for small teams. Signup is quick and easy and there's no card required. Discover which plan fits your needs and get your company started at www.companycam.com/cle Tsheets Time Tracking App - www.constructionleadingedge.com/tsheets Monday project management app - www.constructionleadingedge.com/monday How you can connect with Mike McCallum: www.drywall918.com https://www.facebook.com/mccallumandsons/

Leadership and business lessons from a retired Army General now running a construction business. Don't miss this one. What you'll get out of this construction podcast episode: - What disappointed Larry Harrington the most when he transitioned from the military into the construction industry. - Larry's "4 E's" - Leadership lessons from leading troops in the war on terror. - This is essentially a leadership masterclass from a man with 40 years experience leading large teams and initiatives in a variety of environments. You might want to listen to this one a few times. Resources mentioned in this construction podcast episode: Eliminate Profit Bleeds - Schedule a free strategy session with Todd Dawalt to identify your biggest profit bleeds and map out a plan to eliminate them - www.constructionleadingedge.com/call FieldChat - Get your free trial at www.fieldchat.com/edge CompanyCam is now totally free for small teams. Signup is quick and easy and there's no card required. Discover which plan fits your needs and get your company started at www.companycam.com/cle

What if you could create your own economic stimulus package and get a refund on your worker's comp policy? Here's what you'll get from this construction podcast episode: - How to potentially get a refund from your worker's compensation policy. - The financial upside of a training program. - A few questions your accountant needs to be asked. - What is a "mid-term audit" of your GL policy, and why right now is a really good time to do it. - Why you want to put a good timesheet tracking system like Tsheets in place. Resources mentioned in this construction podcast episode: Eliminate Profit Bleeds - Schedule a free strategy session with Todd Dawalt to identify your biggest profit bleeds and map out a plan to eliminate them - www.constructionleadingedge.com/call FieldChat - Get your free trial at www.fieldchat.com/edge Connect with Jeff Heet - www.ioausa.com LinkedIn - http://linkedin.com/in/jeffheet

What you'll hear in this construction podcast episode with Tom Reber of The Contractor Fight: - Your mindset and why it's where the game is won or lost. - How to get out of your comfort zone. - Time is the fuel for fear. - A few great questions you can ask to sell at higher margins. - A few things you absolutely need to think about as you come out of the COVID-19 pandemic. Resources mentioned in this construction podcast episode: The Contractor Fight - https://thecontractorfight.com/ Eliminate Profit Bleeds - Schedule a free strategy session with Todd Dawalt to identify your biggest profit bleeds and map out a plan to eliminate them - www.constructionleadingedge.com/call FieldChat - Get your free trial at www.fieldchat.com/edge

When Kelly Hollatz left her corporate event planning career to start a construction safety business, she was turned down by every bank she met with. What lessons from beauty pageants kept her going? What does she mean "the weak weed themselves out of her team?" What you'll hear in this construction podcast episode with Kelly Hollatz owner of First Star Safety: - How a conversation with a man in a restaurant affected her entrepreneurial journey. - The lessons she learned from participating in beauty pageants that set her up for business success. - How to boost your confidence. - How she didn't back down or quit after being turned down by every banker she met with. - "Doing what you're passionate about is a cardinal mistake." - The difference between being comfortable and complacent. - Making it your strong suit to find your weaknesses. - What she looks for in a potential employee, and why the weak weed themselves out of her company. Resources mentioned in this construction podcast episode: Offload your bookkeeping headaches - Learn more about the Apparatus Team and how outsourcing your bookkeeping, reporting and payroll headaches could help - www.constructionleadingedge.com/headache Eliminate Profit Bleeds - Schedule a free strategy session with Todd Dawalt to identify your biggest profit bleeds and map out a plan to eliminate them - www.constructionleadingedge.com/call How to get in touch with Kelly Hollatz: www.firststarsafety.com Kelly's LinkedIn page Company Facebook page First Star Safety's Instagram page