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Build Podcast | Episode 144: Mastering Financial Stability for Contractors
Join Matt and Breakthrough Academy (BTA) co-founder Igor Trninic in a conversation about financial management and the consequences of being financially disorganized in the construction industry. BTA is not only part of The Build Show Expert team, but also a company that helps contractors streamline their operations and achieve financial stability. They delve into three main consequences of poor financial management: having to let go of valuable employees due to financial instability, being surprised by poor financial performance at year-end, and unknowingly working on unprofitable projects.
Igor shares his background, highlighting his early experiences with financial mismanagement and the lessons he learned. He emphasizes the importance of annual budgeting and monthly financial reviews to keep a business on track. They also discuss the significance of understanding gross profit margins by job type to ensure profitability. Igor provides insights into how BTA assists contractors in systematizing their businesses through a structured program that includes pre-produced content, biweekly coaching, and a supportive community of contractors. If you want to start getting control of your finances, download BTA's Budget Tool, free for BuildShow listeners: http
Resources:
- Breakthrough Academy
- Contractor Quick Tools
- The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber
Find Igor & Breakthrough Academy on the Web:
- Build Show Videos: https://buildshownetwork.com/go/breakthroughacademy
- Instagram: @btacademy and @igor.trninic
- Facebook: https://www.facebook.com/thebreakthroughacademy/
- LinkedIn: https://www.linkedin.com/company/breakthroughacademy/
- YouTube: @BreakthroughAcademy
Find Matt and The Build Show on the web:
- Build Show Videos: https://buildshownetwork.com/go/mattrisinger
- Instagram: @risingerbuild and @thebuildshow
- TikTok: @thebuildshow
- YouTube channel: https://www.youtube.com/@buildshow
- Website: https://risingerbuild.com/ and https://buildshownetwork.com/
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