Construction Resilience: How to Stay Profitable and Avoid Going Under | Ep. 285

Weather economic storms and overcome industry hurdles! Drive profitability and shield your construction business against potential pitfalls. How? Listen up!🔊 Our “Quantum Contract Advantage Service” is known industry-wide for taking construction contractors from being contractually vulnerable, losing money on project administration, and appearing amateur during bidding and negotiations to instead putting that process on auto-pilot so they can secure more contracts, with better terms, for more profit, all while reducing risk. Here's How: ⁠https://quantumcs.co/becomealegacysubcontractor⁠ Important! Before you sign your next contract, read this report on Why Subcontractors Are Going Out Of Business. Download it now - it’s Free: ⁠https://quantumcs.co/LegacyFreeReport⁠ If you want to find out more, book a 30-minute, no-obligation call with one of our contract experts: ⁠https://quantumcs.co/bookinthecall⁠. Jump on a free strategy session to see how we can help you! Timestamps: (1:33) - The average margin is 5 to 15% and that typically in other industries would be considered a pretty low margin for a business to stay alive (2:22) - If cash is king, then cash flow is the empire that sustains its realm essentially (3:32) - If you've got low margins, one of the things that we see is that your relationship game is very poor (6:03) - The best business models that you can have, or the ultimate best business model is insurance companies (7:48) - When you do negotiate, it makes a massive difference to your risk profile DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have. Follow our Socials and let's get connected! ⤵️ ⁠⁠⁠⁠Facebook⁠⁠⁠⁠ | ⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠ | ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ | ⁠⁠⁠⁠Instagram⁠⁠⁠⁠ | ⁠⁠⁠⁠TikTok⁠⁠⁠⁠ | ⁠⁠⁠⁠Twitter