The Cash Flow Contractor

What in the world is happening and how do I get a handle on it? Well, sit back and listen up because in this episode we’re talking about everything from Tom Brady and Belichick to why everyone is quitting their jobs but yet nobody can hire! If you’re a business owner trying to make sense of it all, please join us for an in-depth conversation on current events.

Show Notes

  • 01:15 - Intro, Coffee Convo
  • 02:00 - Challenges that MH has had this week
  • 05:00 - Tracking KPI’s
  • 14:00 - Tom Brady and Bill Belichick
  • 18:00 - The Great Resignation & the Future of Hiring
  • 21:10 - What a Bonus Program Looks Like
  • 33:40 - Employee Development & Incentives
  • 48:15 -  Passing on Costs & Wage Increases
  • 51:00 - Get in Touch


Quotable Moments
  • “There’s not a lack of work in construction. The demand is there. But you’re fighting hiring efforts because of the remote jobs being offered.” – K
  • “There’s only 3 ways to get experience – pay someone for their experience, go and get the experience, or someone pays you through a training program to get the experience.” – K
  • “For smaller companies, it can be a challenge to know all those numbers to be able to pay 30% above break even to the employees as a bonus.” – K
  • “The number one reason for leaving is unclear expectations… which stems from having an idiot boss.” – M

Resources

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What is The Cash Flow Contractor?

If you’re like most contractors we know, then you started your business because you’re passionate about and great at your craft. You also wanted to be your own boss. Owning a business has a lot of advantages, but also a lot of challenges.

We started this podcast to talk about things that matter to you as an owner, like business fundamentals, sales processes, marketing, leadership, and much more. Armed with knowledge, you’ll be able to reach your goals, whether that’s growth, getting your shop to run without you, or anything in between.