Are you looking to grow your construction business?
Our mission here at Builder Funnel is to help companies like yours become the best version of themselves. We do that by helping you with your marketing systems, your sales process, and your delivery systems.
In this week’s episode, Wes and Brooks discuss the importance of managing your balance sheet.
Think of your family business as a “fortress” that needs to have enough defenses to withstand unforeseeable costs and unfavorable market conditions.
8:05 What is a Fortress Balance Sheet?
12:30 Steps to build up your assets
20:22 How to recover from negative cash flow
25:38 Managing lines of credit
27:25 Lending relationships
30:55 Decreasing reliance on loans
34:22 Debt-capital ratio
39:19 How much capital should you build up?
43:17 Key highlights
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