127 - The Contractor Death Spiral

Written By Guest User

Have you ever been caught in the endless cycle of losing money from missing bids, making mistakes, poor payroll management, and endless customer concessions? The Contractor Death Spiral is no joke and can leave you scrambling and losing a good reputation. Listen to today’s episode to understand what the Contractor Death Spiral is and how to avoid it!

Show Notes

  • 00:00 - Intro

  • 03:45 - Definition Of The Contractor Death Spiral 

  • 08:25 - Where Does It Start?

  • 11:23 - What Causes All Of These Mistakes?

  • 14:42 - Concessions Pull You Back

  • 18:24 - You Have To Be Uncomfortable To Get Out

  • 21:25 - The Death Spiral Can Start With Good Intentions 

  • 24:11 - Understanding A Business Owner With One Question

  • 25:16 - Conclusion

Quotable Moments

  • “If you’re in the spiral it means that you have been losing money.” — Martin

  • “All of these identities that you're trying to maintain cause you stress because you're having to live a lie and that's where the spiral I think really picks up speed is the lies.” — Khalil

  • “With the death spiral, If you want to get out of it, you're going to be uncomfortable. You're going to have to go through pain and discomfort and extra hours and courage.” — Khalil

Resources

More from Martin

More from Khalil

More from The Cashflow Contractor


Guest User
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