The 6 Things That Will Kill Your Business

Contractor Cuts

Ever feel like you're stranded on an island, juggling everything alone in your contracting business? We've been there, and in this episode of Contractor Cuts, we're sharing our own experiences to help you break free from the 'island mentality.' Discover the transformative power of mentorship, coaching, and therapy as we reveal how building a strong support system can prevent burnout and set your business on the path to sustainable growth. Listen in as we unpack the mental traps that keep you isolated and offer actionable advice to connect with the right people who can guide you through your entrepreneurial journey.
Struggling with financial balance and finding the right talent? We've got you covered. Learn why managing accounts receivable is the backbone of your financial stability and why you should never leap into borrowing without a clear picture of your finances. We also discuss the high stakes of hiring in the contracting world, where a bad hire can cost you significantly. Tune in to hear our strategies for minimizing hiring risks, implementing robust controls, and using performance dashboards that keep your business on track and avoid costly errors.
Ever wondered why some contractors succeed while others stagnate? It all comes down to mindset. In our final segment, we tackle change aversion and victim mentality, revealing how these attitudes can sabotage your success. We'll illustrate how embracing technology and fostering a culture of accountability can transform your business. Plus, we differentiate between being an excellent tradesperson and a successful business owner, emphasizing the need for strategic planning, customer service, and robust operational structures. Let us guide you in balancing hands-on work with strategic oversight to build a resilient, thriving contracting business.

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Kapitler

1. The 6 Things That Will Kill Your Business (00:00:00)

2. Avoiding Common Contracting Business Pitfalls (00:00:01)

3. Effective Hiring and Financial Balance (00:13:04)

4. Ownership Mentality in Contracting Businesses (00:16:17)

5. Building a Construction Business for Success (00:27:30)