How to Build a Solid Foundation for Your New Construction Company

Contractor Success Forum

Starting a construction business? Wanting to get off on the right foot? Getting the foundation right from the start can spell the difference between success and failure. Let's talk about how to successfully plan, launch, manage, and grow a new construction business.
Topics we cover in this episode include:

• Starting a business with the right mindset
• Be careful about business costs and debt when you're getting started
• Establish your financial board of directors
• Avoid these common mistakes contractors make when launching a company
• Naming your new construction business
• Know how to manage your business once it's launched
• Sales and growing your business

LINKS
Visit the episode page at https://carpentercpas.com/launch for more details and a transcript of the show.

Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

Capíttulos

1. How to Create a Rock Solid Bonding and Banking Relationship (00:00:00)

2. How to find the right partners for your business (00:02:18)

3. Build the relationship before you need the help of a bonding agent or banker (00:04:42)

4. Make your banker and bond agent feel valued (00:09:47)

5. Introduce your banker and bond agent to your team (00:12:25)

6. Be honest about your situation with your financial board of directors (00:15:15)