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ℹ ABOUT THIS EPISODE

Join Wade and Stephen as they delve into the intricate world of risk management in construction. Discover practical strategies for assessing and mitigating potential hazards in your projects with a simple one to five rating system. They discuss real-life examples, the importance of safety measures, and the role of proper contracting in managing risk.

Tune in to learn how to protect your construction business from financial losses, injuries, and reputation damage through systematic risk assessment and management.

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⌚️ In this episode:

• 00:44 Understanding Risk Factors in Construction
• 01:48 The Importance of Systematic Risk Assessment
• 03:43 Weather and Contractual Risks
• 05:02 Common Pitfalls and Risk Mitigation
• 06:18 The Role of Risk Managers and Advisors
• 16:02 Safety Measures and Toolbox Talks

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Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

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🔗 LINKS

Visit the episode page at for more details and a transcript of the show.

Get Profit First for Commercial Construction--OUT NOW!

ℹ ABOUT THIS EPISODE

In this episode of The Contractor Success Forum, Wade and Stephen tackle the misconceptions surrounding the Profit First system in the construction industry. They discuss how this straightforward approach can streamline cash flow management and prevent financial troubles.

The hosts address common objections, such as the system being too simplistic, and highlight how adopting it can lead to significant improvements in business financial health. Listen in to hear real-life examples, analogies, and expert insights that demonstrate why simple may indeed be better when it comes to managing construction finances.

The book is available now on Amazon!

Subscribe to get notified as soon as new episodes go live.

⌚️ In this episode:

• 00:35 Debunking the Myths of Profit First
• 02:04 Real-Life Feedback and CPA Skepticism
• 03:52 The Simplicity and Effectiveness of Profit First
• 07:44 Addressing Common Objections and Misconceptions
• 10:53 The Importance of Cash Flow Management
• 15:05 Real-World Success Stories and Practical Advice

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

Send us a text

🔗 LINKS

Visit the episode page at for more details and a transcript of the show.

Get Profit First for Commercial Construction--OUT NOW!

ℹ ABOUT THIS EPISODE

This week, Wade and Stephen delve into the importance of professional and design liability insurance for construction businesses. They discuss how this specialized coverage acts as a safety net when expertise is questioned, preventing potential financial disasters.

The conversation highlights real-world examples, state-specific filing limits, and the complexities of insurance claims. They also explain the critical difference between general and professional liability insurance and the importance of meticulous policy review to avoid costly exclusions. This episode is a must-watch for contractors aiming to safeguard their business against unexpected liabilities.

The book is available now on Amazon, with special launch price of $2.99 for the Kindle edition. Don't miss out!

Subscribe to get notified as soon as new episodes go live.

⌚️ In this episode:

• 00:47 Understanding Professional Liability Claims
• 02:10 The Importance of Specialized Coverage
• 04:01 Common Misconceptions and Real-World Examples
• 05:27 Navigating Insurance Policies and Exclusions
• 08:13 The Role of Insurance Agents and Brokers
• 10:48 The Financial Impact of Liability Claims
• 15:31 Final Thoughts and Advice for Contractors

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