Three Keys To Winning In The GC Business | The Build Podcast Friday Flashback
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Key Takeaways
Prioritize building science knowledge to prevent costly failures and ensure the durability of your projects, especially regarding water intrusion and drying potential.
Transition from a bidding model to a pre-construction agreement process with clients to avoid working for free and attract serious, qualified projects.
Consider annual agreements or cost-plus models with subcontractors, particularly for key trades like framing and painting, to ensure fair compensation and quality work.
Implement a strict personal and business budget, focusing on becoming debt-free to reduce financial stress and increase operational stability.
Exercise extreme caution with speculative builds, as they carry high financial risk that can lead to significant debt during market downturns.
Embrace profitability as a crucial aspect of your business; don't shy away from charging appropriately, as profit ensures your company's longevity and ability to support clients long-term.
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