This episode is a re-run. It was originally published in July 2023.

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Timestamps:

(3:09) - 10% might just be your margin and so if you get away for a whole year to realize your profit, that is essentially a bad business model in my view

(5:08) - How can we move a traditional construction company from the worst business model to a better one?

(5:26) - The first step is to start getting a prepayment on every project that you do

(6:40) - It liquidates your cost of acquisition

(7:43) - You’re actually able to secure materials and people quicker and at better rates

(8:23) - You actually deliver a better outcome for your client

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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This is the MAGIC Construction Business Model (Explained) [#ThrowbackThursday] | Ep. 375

Construction Secrets