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Timestamps:

(1:33) - The average margin is 5 to 15% and that typically in other industries would be considered a pretty low margin for a business to stay alive

(2:22) - If cash is king, then cash flow is the empire that sustains its realm essentially

(3:32) - If you've got low margins, one of the things that we see is that your relationship game is very poor

(6:03) - The best business models that you can have, or the ultimate best business model is insurance companies

(7:48) - When you do negotiate, it makes a massive difference to your risk profile

DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have.

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Construction Resilience: How to Stay Profitable and Avoid Going Under | Ep. 285

Construction Secrets