Feb 10 2025 24 mins 1
You ever feel like your projects are running smoothly, but your cash flow isn't? Join Wade and Stephen as they dive into the critical importance of working capital in the construction business. Discover how adequate working capital acts as the lifeblood of your company, helping you manage payroll, materials, and equipment costs.
Learn key strategies to ensure you have the right amount of working capital, improve your financial stability, and avoid cash flow crises. With practical tips and real-life examples, this episode is a must-watch for any contractor aiming to build a healthy, sustainable business.
Subscribe to get notified as soon as new episodes go live on YouTube: https://www.youtube.com/@CarpenterCPAs?sub_confirmation=1
Topics we cover in this episode include:
- 00:29 Importance of Working Capital
- 01:10 Bonding and Working Capital
- 02:26 Understanding Working Capital
- 03:27 Managing Cash Flow and Working Capital
- 05:43 Improving Working Capital
- 12:00 Employee Dishonesty and Working Capital
- 13:38 Debt and Working Capital
LINKS
Visit the episode page at https://carpentercpas.com/oil for more details and a transcript of the show.
Take the FREE Construction Company Health Evaluation: https://profitfirstconstruction.com/free-resource-evaluate-your-accounting-system/
Join the Profit First for Construction community!
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
