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Tips and advice to run a successful construction business from two long-term industry professionals: Wade Carpenter, a construction CPA, and Stephen Brown, a construction bond agent. Each host has unique, but complementary views and advice from each of their 30+ years in the contracting industry. Their goal is to promote healthy, thought-provoking discussions and tips for running a better, more profitable, and successful company. Subscribe for new insights and discussion every week. Visit ContractorSuccessForum.com to view all episodes and find out more.
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Send us a text 🔗 LINKS Learn more about People Processes and connect with Rhamy Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE Labor is your biggest expense but least understood profit driver. Wade Carpenter sits down with HR expert Rhamy Alejeal to reveal the hidden costs of poor hiring practices that are bleeding your construction business dry. Discover the three critical metrics ...
Send us a text 🔗 LINKS Join the group coaching program and Master Construction Cash Flow with Profit First Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE Most contractors are flying blind, relying on gut feel and looking backward at old numbers. Wade and Stephen dive into Financial Planning & Analysis (FP&A) - your business headlights that help you see the road ahead instead of cra...
Send us a text 🔗 LINKS Join the group coaching program and Master Construction Cash Flow with Profit First Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE 86% of contractors are seeing more change orders in 2025 - are they boosting your profits or breaking your projects? Wade Carpenter and Stephen Brown reveal how to turn change orders from chaotic disruptions into profitable opportunities....
Send us a text 🔗 LINKS Join the group coaching program and Master Construction Cash Flow with Profit First Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE Think that sync button on your construction software is magic? Wade Carpenter reveals why most contractor software integrations fail and how to set them up properly. Learn the truth about QuickBooks syncing with Procore, Buildertre...
Send us a text 🔗 LINKS Join the group coaching program and Master Construction Cash Flow with Profit First Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE Are you running a charity for your subs and suppliers? If your construction company can't afford to pay you a fair wage, something's seriously wrong. Wade and Stephen break down the critical balance between underpaying yourself (ma...
Send us a text 🔗 LINKS Join the group coaching program and Master Construction Cash Flow with Profit First Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE Your chart of accounts is the foundation of your financial success - if it's wrong, you're lost and broke. Join us as we break down how to build a bookkeeping system that actually tells you where your business stands. Learn the dif...
Send us a text 🔗 LINKS Join the group coaching program and Master Construction Cash Flow with Profit First Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE Your invoice shows 14% profit, but your dumpster tells the real story. Wade Carpenter and Stephen Brown reveal 10 ways waste is silently killing your construction profits. From literal material waste to scheduling disasters, learn ...
Send us a text 🔗 LINKS Join the group coaching program and Master Construction Cash Flow with Profit First Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE What if AI could run your entire construction company—from design to completion—with zero human workers? Wade and Stephen dive deep into this thought-provoking scenario, exploring an AI-generated story about a fully automated construction...
Send us a text 🔗 LINKS Join the group coaching program and Master Construction Cash Flow with Profit First Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE Protect your construction business from materials and supply chain disasters that can tank profitable jobs. Wade and Stephen share proven strategies to manage vendor relationships, negotiate stronger contracts, handle overseas orders, and...
Send us a text 🔗 LINKS Join the group coaching program and Master Construction Cash Flow with Profit First Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE A satirical look at contractor failure! Wade and Stephen reveal the 10 most common mistakes that send construction businesses straight to bankruptcy. From pricing jobs like favors to ignoring cash flow, this reverse-psychology approach ...
Send us a text 🔗 LINKS Join the group coaching program and Master Construction Cash Flow with Profit First Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE Ever wonder why your bonding agent scrutinizes your profitable financial statements like they're hiding serious flaws? In construction, your numbers tell completely different stories to banks versus bonding companies - and understanding t...
Send us a text 🔗 LINKS Join the group coaching program and Master Construction Cash Flow with Profit First Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE Data centers, manufacturing reshoring, energy projects, infrastructure builds—2025 could be a boom year for contractors, but only if you position your business to catch the wave. In this episode of Contractor Success Forum, Wade Carpenter...
Send us a text 🔗 LINKS Join the group coaching program and Master Construction Cash Flow with Profit First Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE In this episode, Wade and Stephen delve into the transformative impact of AI and technology on construction job sites. They discuss AI's role in improving safety, estimating, and project management, while highlighting real-world applicati...
Send us a text 🔗 LINKS Learn more about SunRay Notice and reach out to Ariela Wagner Join the group coaching program and Master Construction Cash Flow with Profit First Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE In this episode of The Contractor Success Forum, Wade Carpenter and Stephen Brown are joined once again by Ariela Wagner of Sunray Construction Solutions. They discuss the chal...
Send us a text 🔗 LINKS Join the group coaching program and Master Construction Cash Flow with Profit First Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE Is federal government contracting right for you? Wade and Stephen discuss the pros and cons, opportunities, and steps to get started in federal contracting. Fresh off attending the Fed Con Convention in Washington, D.C., Stephen shares va...
Send us a text 🔗 LINKS Join the group coaching program and Master Construction Cash Flow with Profit First Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE Join Wade and Stephen as they delve into the intricate world of risk management in construction. Discover practical strategies for assessing and mitigating potential hazards in your projects with a simple one to five rating system. They d...
Send us a text 🔗 LINKS Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE Join Wade and Stephen as they delve into the intricate world of risk management in construction. Discover practical strategies for assessing and mitigating potential hazards in your projects with a simple one to five rating system. They discuss real-life examples, the importance of safety measures, and the role of prope...
Send us a text 🔗 LINKS Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE In this episode of The Contractor Success Forum, Wade and Stephen tackle the misconceptions surrounding the Profit First system in the construction industry. They discuss how this straightforward approach can streamline cash flow management and prevent financial troubles. The hosts address common objections, such ...
Send us a text 🔗 LINKS Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE This week, Wade and Stephen delve into the importance of professional and design liability insurance for construction businesses. They discuss how this specialized coverage acts as a safety net when expertise is questioned, preventing potential financial disasters. The conversation highlights real-world examples, ...
Send us a text 🔗 LINKS Visit the episode page at for more details and a transcript of the show. Get Profit First for Commercial Construction--OUT NOW! ℹ ABOUT THIS EPISODE Are you a contractor struggling with cash flow? Join Wade and Stephen as they discuss the launch of 'Profit First for Commercial Construction,' Wade's transformative book tailored for the construction industry. Learn practical financial management strategies that are simple yet powerful to turn your business around. Hea...
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