ABOUT THIS EPISODE
Professional Builders Secrets brings you an exclusive episode with Russ Stephens, Co-founder of APB, and Sarah Biben, Director of Product Design at Buildertrend. Throughout this episode, Russ and Sarah dive deep into the financial blind spots that are quietly killing builder profitability, and what the most successful builders are doing differently to protect their margins and run cleaner, more profitable companies.
This episode is sponsored by Apparatus Contractor Services, click the link below to learn more:hubs.ly/Q02mNSsG0
INSIDE EPISODE 230 YOU WILL DISCOVER
- Why a busy schedule and healthy bank balance can mask serious financial problems in your building company
- What the "construction Ponzi scheme" is and how to make sure you're not caught in it
- Why over a third of builders had a discrepancy greater than 10% between their perceived and actual financial performance
- How the Work In Progress Accounting Adjustment© can transform the accuracy of your monthly reports
- The hidden profit destroyer that most builders completely overlook
- And much, much more.
ABOUT RUSS STEPHENS
Co-founder of the Association of Professional Builders, Russ is a data analysis expert who has introduced data-driven decision making to the residential construction industry. Russ is also a proud member of the Forbes Business Development Council.
Connect with Russ: linkedin.com/in/russstephens
ABOUT SARAH BIBEN
Sarah Biben is the Director of Product Design at Buildertrend, where she works with builders, product teams, and engineers to design workflows that connect financials with day-to-day project management.
Connect with Erika: linkedin.com/in/sarah-biben-86183b40/
TIMELINE
- 05:20 The stat that should concern every builder
- 12:45 The construction Ponzi scheme
- 19:30 The Work In Progress Accounting Adjustment© explained
- 31:10 The hidden profit destroyer: timeline
- 38:45 Profitable on paper, broke in real life
- 46:20 What the best builders all have in common
LINKS, RESOURCES & MORE
APB Website: associationofprofessionalbuilders.com
APB Rewards: associationofprofessionalbuilders.com/rewards/
APB on Instagram: instagram.com/apbbuilders/
APB on Facebook: facebook.com/associationofprofessionalbuilders
APB on YouTube: youtube.com/c/associationofprofessionalbuilders
