Is it a constant struggle to keep your business afloat? One of the most common business killers in the construction industry is the lack of a good financial system. Listen in as Martin and Khalil welcome Timothy Wingate, Jr., founder, and president of G+F Business & Financial Consulting, to share his expertise in Construction Financial Management. Time Stamps00:47 - Episode Intro02:42 - How Tim Got Into Construction Accounting05:43 - Things to Consider in Your Business Finances11:49 - Utilizing Software for Project Management19:02 - Improving Your Business Processes22:41 - Working With a Construction Accountant28:38 - Let's Talk About Margins36:02 - Project Bids & Markups43:09 - Margins vs. Markups45:38 - Salaries & Revenues49:03 - Borrowing Money for Your Business52:49 - Getting Invoices Out55:47 - Work with Tim01:08:16 - How to Get in Touch with TimQuotable Moments“You will spend more of your time, and by that I mean your mental capacity and your stress time, on things that have nothing to do with what you do.” - Martin Holland“Scheduling is one of those things that is a skill. And I would say estimating is more of an art form.” - Timothy Wingate, Jr.“People need to up their skills in scheduling, because that can kill profit margins. That can kill your business if you just don't get it right.” - Timothy Wingate, Jr. “A huge part of the reason why jobs don't get done on time is because you weren't prepared for the job.” - Khalil Benalioulhaj“I consider myself a therapist for my clients just because of all the other things that come with the job.” - Timothy Wingate, Jr.“What you spent the loan for may be an expense, but paying it back is not.” - Martin Holland“Just the value of someone understanding truly how to operate your business and that works with other contractors that are successful is so valuable” - Khalil BenalioulhajResourcesNeed Marketing Help? We Recommend BenaliWatch On YoutubeFollow On Social: LinkedIn, Facebook, InstagramSubscribe To Our Newsletter, The CountdownHave Questions? Email usMore from Timothy Wingate, Jr. G+F Business & Financial Consulting LLCInstagramFacebookLinkedInYouTubeMore from Martintheprofitproblem.comannealbc.com   Email MartinMeet With MartinLinkedInFacebookInstagramMore from Khalilbenali.com Email KhalilMeet With KhalilLinkedInFacebookInstagramMore from The Cashflow ContractorAsk Us A QuestionSign Up For A Free Consultationthecashflowcontractor.com Email The Cashflow ContractorLinkedInFacebookInstagram