83. The 5 Stages Of Decline For A Building Company With Russ, Sky & Andy

Professional Builders Secrets brings you an exclusive episode with Co-founders of the Association of Professional Builders Russ Stephens and Sky Stephens, along with APB’s Head Coach, Andy Skarda. Throughout this episode, the trio delve into the 5 stages of decline of a building company, and what you can do to salvage a building company in decline before it’s too late. INSIDE EPISODE 83 YOU WILL DISCOVER The stages of decline in a building company How to pivot and make a change if your companies in trouble The key factors that cause a building company to decline When it’s too late to salvage a declining company Proactive things builders can do to prevent and prepare for financial hardship And much, much more. Listen to the full episode to learn if your building company is in a state of decline and the actions you can take to revitalise it. ABOUT RUSS STEPHENS Co-founder of the Association of Professional Builders, Russ is a data analysis expert who has introduced data-driven decision making to the residential construction industry. Russ is also a proud member of the Forbes Business Development Council. Connect with Russ: linkedin.com/in/russstephens ABOUT SKY STEPHENS Co-founder of the Association of Professional Builders, Sky specialises in taking complex business strategies and converting them into actionable step-by-step guides for building company owners. Sky is also a proud member of The National Association of Women in Construction and the Top 100 Women in the broader construction sector. Connect with Sky: linkedin.com/in/skycheristephens ABOUT ANDY SKARDA Head Coach at the Association of Professional Builders, Andy specialises in helping business owners in the building industry identify and implement the skills and systems they need to be successful, without needing to go back to school. Or more importantly, without going bust. Connect with Andy: linkedin.com/in/andy-skarda-92a6875/ TIMELINE 1:57 The clear signs a building company is in decline 7:36 Building company owners are usually in denial when their business is in decline 10:23 Is it possible to salvage a declining building company? 12:27 When is it time to cut your losses? 15:28 Avenues to pivot and make change when you know your building company is in trouble 21:14 Key factors that end up making a building company struggle 23:42 Proactive actions builders can take to prevent and prepare for financial hardship LINKS, RESOURCES & MORE APB Website: associationofprofessionalbuilders.com APB Rewards: associationofprofessionalbuilders.com/rewards/ APB on Instagram: instagram.com/apbbuilders/ APB on Facebook: facebook.com/associationofprofessionalbuilders APB on YouTube: youtube.com/c/associationofprofessionalbuilders Join the Professional Builders Secrets Facebook group for builders & connect with professional builders world-wide: facebook.com/groups/builderssecrets