Construction Resilience: How to Stay Profitable and Avoid Going Under [#ThrowbackThursday] | Ep. 391

This episode is a re-run. It was originally published in March 2024.If cash is king, then cash flow is the empire. So why are most construction businesses still broke?Seven out of ten construction companies go under within ten years, and it is rarely because of poor workmanship. The real problem is tight margins, weak cash flow, and contracts packed with hidden risks.In this episode, we break down why most companies fail and what you can do right now to avoid the same fate.Tune in to learn how to fix your business model, protect your cash, and finally gain control of your construction future.Struggling with unfair contracts or slow payments in construction? With 6,000+ contracts reviewed and $20 billion in contracts managed, Quantum Contracts' proven framework is designed to help you negotiate fair contracts, secure faster payments, avoid disputes, and improve cash flow.Don’t let contract issues hold you back—gain the confidence to focus on growing your business. Ready to take control and make more profit per project?Click here to GRAB a copy of our book The Subcontractor's Edge: quantumcs.co/SubEdgePreYtClick here to IMPROVE your contracts using the Quantum Contract System: quantumcs.co/Yt2025Click here to GAIN expert advice weekly for FREE: quantumcs.co/YTNewsOptInTimestamps:(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 profileDISCLAIMER: 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