Imagine finding a $600K error in your books! Cory Parks shares his journey from near disaster to business revival. You don’t want to miss this!Time Stamps00:45 - Episode & Guest Intro03:25 - Cory's Business Journey07:28 - Financial Struggles and Solutions11:41 - Management Team and Roles16:44 - Cory's Profit Problem22:14 - Cory's Financial Literacy Journey30:31 - CRM and Bookkeeping Challenges31:56 - Automating QuickBooks Integration32:22 - Identifying and Solving Duplicate Entry Issues33:31 - Leadership and Financial Challenges34:58 - Implementing Salary Cuts & Transparency36:52 - Rebuilding Financial Stability37:49 - The Importance of Trust and Transparency39:02 - Navigating Financial Statements42:42 - Learning from Mistakes and Seeking Guidance53:18 - Transitioning from Cash to Accrual AccountingSnippets from the Episode“I have made every single mistake that Martin talks about in his book.  Every single one of 'em!” -Cory Parks“We were doing well, but we kept  coming back to our books.” -Cory ParksMy income statement is telling me that we are absolutely killing it. We're making $600,000 profit, but  where is the money? - Corr ParksResources24 Things Construction Business Owners Need to Successfully Hire & Train an Executive AssistantSchedule a 15-Minute Roadblock CallCheck out OpenPhoneBuild a Business that Runs without you. Explore our GrowthKits Need Marketing Help? We Recommend BenaliNeed Help with podcast production? We recommend DemandcastMore from Cory ParksHydroHelp911 websiteCory Parks on LinkedInEmail CoryMore from Martin Hollandtheprofitproblem.comannealbc.com Email MartinMeet With MartinLinkedInFacebookInstagramMore from Khalilbenali.com Email KhalilMeet With KhalilLinkedInFacebookInstagramMore from The Cash Flow ContractorSubscribe to our YouTube channelSubscribe to our NewsletterFollow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter)Visit our websiteEmail The Cashflow Contractor

What's the goal behind your goals? Discover how asking the right questions can guide your business toward success. Tune in as we dive deep into why tracking accomplishments can transform your mindset and business!Time Stamps01:15 - Episode Intro 03:32 - The Importance of Tracking Accomplishments07:46 - Journaling and Tracking Progress11:44 - Utilizing Voice Memos12:49 - Tracking Accomplishments18:31 - Setting and Achieving Goals26:02 - Understanding the Pomodoro Method28:26 - Delegating Responsibilities in Business31:14 - Effective Task Delegation and Communication Tools31:57 - Improving Workplace CommunicationSnippets from the Episode You don't have to do journal writing literally. I oftentimes just pull out voice memos, especially when there are big events. I just pull up a voicemail and start talking, go on a walk, and start talking. -KhalilPeople will ask you questions as long as you allow them to. -MartinWhat really matters to people more than anything else is that they make progress toward a meaningful goal. -MartinResources⁠Reset: How to Change What’s Not Working by Dan Heath⁠⁠Gumloop⁠⁠Zapier⁠⁠Notion⁠⁠24 Things⁠ Construction Business Owners Need to Successfully Hire & Train an Executive Assistant⁠Schedule⁠ a 15-Minute Roadblock CallCheck out ⁠OpenPhone⁠Build a Business that Runs without you. Explore our ⁠GrowthKits ⁠Need Marketing Help? We Recommend ⁠Benali⁠Need Help with podcast production? We recommend ⁠Demandcast⁠More from Martin Holland⁠theprofitproblem.com⁠⁠annealbc.com ⁠⁠Email Martin⁠⁠Meet With Martin⁠⁠LinkedIn⁠⁠Facebook⁠⁠Instagram⁠More from Khalil⁠benali.com ⁠⁠Email Khalil⁠⁠Meet With Khalil⁠⁠LinkedIn⁠⁠Facebook⁠⁠Instagram⁠More from The Cash Flow ContractorSubscribe to our ⁠YouTube channel⁠Subscribe to our ⁠Newsletter⁠Follow On Social: ⁠LinkedIn⁠, ⁠Facebook⁠, ⁠Instagram⁠, ⁠X(formerly Twitter⁠)Visit our ⁠website⁠⁠Email ⁠The Cashflow Contractor

Luke Boyenger, an Expert Fractional CFO, shares his wealth of knowledge on cash efficiency and smart financing options. He tackles the misconceptions around business funding and stresses the importance of assessing your business model, pointing out potential red flags. Luke highlights the value of building strong banking relationships, navigating lines of credit versus SBA loans, and the risks of using HELOCs for business. He also discusses innovative ways to manage expenses and maintain healthy cash reserves, ensuring listeners can optimize their financial strategies.

Struggling with employee turnover? Discover 6 practical strategies to keep your construction workforce satisfied and loyal. Join Carrie Gardenhire and Khalil Benalioulhaj for a deep dive into this critical topic!Time Stamps02:08 - Episode & Guest Intro03:04 - The Importance of Employee Retention09:05 - Morning Huddles: Starting the Day Right15:06 - One-on-One Meetings: Building Personal Connections22:22 - Employee Gatherings: Fostering a Strong Culture29:37 - Implementing Workplace Communication Tools34:04 - Break Room40:27 - Tool or Apparel Allowance44:05 - Retention Strategies Recap46:38 - More About Carrie Gardenhire & ArcoroSnippets from the Episode ” Over 90% of contractors look to hire over the next year. But wouldn't it be great if you weren't having to backfill?” - Carrie Gardenhire“ People don't want to leave where they really feel valued.” - Carrie Gardenhire“Put your dollars for something that you're excited about rather than something that you're dreading, right?” - Khalil Benalioulhaj ResourcesCFC Episode 232 HR in a Box: Tools to Make HR Simple & Compliant with Carrie Gardenhire24 Things Construction Business Owners Need to Successfully Hire & Train an Executive AssistantSchedule a 15-Minute Roadblock CallCheck out OpenPhoneBuild a Business that Runs without you. Explore our GrowthKits Need Marketing Help? We Recommend BenaliNeed Help with podcast production? We recommend DemandcastMore from Carrie GardenhireArcoro’s WebsiteCarrie Gardenhire on LinkedInMore from Martin Hollandtheprofitproblem.comannealbc.com Email MartinMeet With MartinLinkedInFacebookInstagramMore from Khalil Benalioulhajbenali.com Email KhalilMeet With KhalilLinkedInFacebookInstagramMore from The Cash Flow ContractorSubscribe to our YouTube channelSubscribe to our NewsletterFollow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter)Visit our websiteEmail The Cashflow Contractor

Unlock the secrets to mastering cash flow! Learn from expert Jakob Kirschner and transform your business with a step-by-step tutorial and a free template.Time Stamps 02:52 - Episode & Guest Intro 03:35 - Importance of Cash Flow Forecasting 05:25 - Setting Up Your Cash Flow Forecast 08:17 - Detailed Walkthrough of Cash Flow Forecast 23:41 - Starting with Income Projections 26:03 - Adjusting Cash Flow and Payment Terms 30:43 - Impact of Marketing and Materials Orders 37:14 - Working with a Fractional CFO 44:15 - Episode TakeawaysSnippets from the Episode  ”Don't just set some arbitrary business goals. Think about what it's important to you in your private life, like family, spouse, hobbies, and it has to be tied together. Because if you have a business goal that doesn't match your personal goals, then you just get frustrated and burnt out.” -Jakob Kirschner  ”Sales and profit are food and water. Cash is oxygen.” -Martin Holland “The three most important numbers in business are cash on hand, cash you know is coming in, and cash you know is going out.” -Martin HollandResources Cash Flow Forecast Tool 24 Things Construction Business Owners Need to Successfully Hire & Train an Executive Assistant Schedule a 15-Minute Roadblock Call Check out OpenPhone Build a Business that Runs without you. Explore our GrowthKits Need Marketing Help? We Recommend Benali Need Help with podcast production? We recommend Demandcast More from Jakob Peak Advisory website Jakob Kirschner on LinkedInMore from Martin Holland theprofitproblem.com annealbc.com Email Martin Meet With Martin LinkedIn Facebook InstagramMore from Khalil benali.com Email Khalil Meet With Khalil LinkedIn Facebook InstagramMore from The Cashflow Contractor Subscribe to our YouTube channel Subscribe to our Newsletter Follow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter) Visit our website Email The Cashflow Contractor

In this session, Lisa Dionisio, a CPA and financial expert dedicated to helping entrepreneurs navigate their finances, shares vital insights on cash flow management. She discusses the significance of building a cash cushion and maintaining clean financial records. Lisa also emphasizes the need for understanding the difference between cash flow and profit, as well as the importance of monitoring receivables and managing overhead costs. Practical tips like utilizing lines of credit and encouraging upfront deposits are highlighted for maintaining financial stability.

Struggling with cash management? Learn how the Profit First system can revolutionize the way you handle your business finances. Tune in for a live tutorial & exclusive template!Time Stamps01:21 - Episode Intro03:27 - Setting Up Profit First Accounts05:26 - Target Allocation Percentages (TAPS)07:25 - Profit First Analysis Spreadsheet19:24 - Implementing the System26:44 - Final Tips and WarningsSnippets from the Episode" You're going to be tempted to dip into your profit and your owner's pay and transfer back to your operating expenses, and that's okay, but you have to be very disciplined to say, no, I'm going to make a profit. I'm going to reserve this for profit and I'm not going to shortchange myself.” -Khalil BenalioulhajResourcesProfit First Analysis Template24 Things Construction Business Owners Need to Successfully Hire & Train an Executive AssistantSchedule a 15-Minute Roadblock CallCheck outOpenPhoneBuild a Business that Runs without you. Explore ourGrowthKits Need Marketing Help? We Recommend BenaliNeed Help with podcast production? We recommendDemandcastMore from Martin Hollandtheprofitproblem.comannealbc.com   Email MartinMeet With MartinLinkedInFacebookInstagramMore from Khalilbenali.com Email KhalilMeet With KhalilLinkedInFacebookInstagram

How do you qualify leads and create effective marketing channels for your construction business? We dive deep into lead generation tactics with Alex Weeks of Northbuilt Construction, offering tips on identifying ideal clients and maximizing conversions.Time Stamps02:14 - Episode Intro03:12 - Alex Week's Background03:51 - Revenue Goals and Growth Strategies05:21 - Lead Generation and Qualification10:09 - Marketing Channels and Referral Programs26:11 - New Marketing Partnership28:09 - Website Strategy and Planning29:57 - Converting Leads Into Customers42:10 - Addressing Client Misconceptions48:21 - Pricing Strategies and Client OptionsSnippets from the Episode"As we develop new marketing channels and new arms there, there's going to be some fallout, some learning curve. So I know there's going to be a little bit of waste there. And that's why I'm really focused on the qualified number." -Alex Weeks"If there's one thing about data, the more you have, the more accurate your sets can be." -Alex Weeks"We don't just send out a PDF with a number on it. That's a surefire way to have a client ghost you. They just, don't come back and you don't always know why." -Alex Weeks"One cool thing that we are implementing is options. I think clients and prospects want options." -Alex Weeks"We're already well ahead of goal. We're pacing super strong." -Alex Weeks24 Things Construction Business Owners Need to Successfully Hire & Train an Executive AssistantResourcesSchedule a 15-Minute Roadblock CallCheck outOpenPhoneBuild a Business that Runs without you. Explore ourGrowthKits Need Marketing Help? We Recommend BenaliNeed Help with podcast production? We recommendDemandcastMore from Alex WeeksAlex Weeks on InstagramAlex Weeks onLinkedInNorthbuilt ConstructionWebsiteEmail Alex WeeksMore from Martin Hollandtheprofitproblem.comannealbc.com   Email MartinMeet With MartinLinkedInFacebookInstagramMore from Khalilbenali.com Email KhalilMeet With KhalilLinkedInFacebookInstagramMore from The Cashflow ContractorSubscribe to ourYouTube channelSubscribe to ourNewsletterFollow On Social: LinkedIn, Facebook, Instagram,X(formerly Twitter)Visit ourwebsiteEmail The Cashflow Contractor

Sergio Garcia, a seasoned countertop contractor and owner of Alpha Surfaces, shares how hiring an assistant transformed his business mindset. He discusses overcoming the initial overwhelm of multitasking and the joy of delegating responsibilities. The conversation highlights the significance of structured routines and effective communication tools that led to streamlined operations. Sergio emphasizes that having the right support not only made his work enjoyable again but also reignited his passion for his craft.

Discover the power of focus in project management and how it influences success. The discussion emphasizes clearly defining project scope for seamless collaboration. Learn the art of effective bidding and the importance of daily team communication for accountability. It also highlights the necessity of meticulous expense tracking to ensure profitability. Lastly, the hosts stress the significance of delegation to prevent distractions and enhance overall efficiency in construction projects.