Professional Builders Secrets Episode 29: Understanding Construction Financials

Описание: In episode 29 of the Professional Builders Secrets podcast, we’re joined by APB’s Head Coach, Andy Skarda. Throughout this episode, we get into the fundamentals of construction financials, and how much of a part financial awareness can play in a builder's success.

During this episode, Andy discusses the reason builders fail when it comes to their financials, and how they can start to take action, analyse their financials, and come out on top in the end.

Its evident builders need to set targets, exceed benchmarks, and closely monitor their KPIs. Within episode 29, Andy goes into detail about why these aspects are so important, and how you can better implement them.

Andy also delves into the five key things you need to focus in on as a professional builder. Revenue, cost of sales, gross profit, fixed expenses and net profit/margin.

Listen to the full episode to learn more about these key fundamentals and better understand your construction financials.

To listen to more Professional Builders Secrets podcast episodes, click the link below:
https://associationofprofessionalbuil...

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0:00 Introduction
1:15 The fundamentals in construction financials.
4:37 How financial awareness plays part in a builder's success.
5:37 The financial framework for professional builders.
12:23 Setting targets and exceeding benchmarks.
25:48 KPIs builders must be monitoring.
31:10 How APB members efficiently monitor their numbers.
36:18 Why builders fail when it comes to financials.
38:36 How to take action after analysing your financials.
41:23 Financial trends affecting builders.
43:35 Where to start.