Boosting financial growth in your construction business, with Dominic Rubino

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Transforming your construction business can be a challenging yet rewarding process.

Is it time to scale up? Well, you've got customers to deal with, suppliers to find, building codes to follow, and a team to keep on point. 

All these moving parts directly affect your finances. Things can get chaotic fast, and if you neglect any of these areas, it can really hurt your financial stability and growth.

So, how do you keep everything on track in your construction business? 

What areas should you focus on to boost your finances? 

And what strategies can you implement to make sure all parts of your operations align with your financial goals?

In this episode, Dominic Rubino and I discuss strategies to elevate your construction business, from specific operational improvements you can make and the financial planning and analysis you need to support your expansion goals.

Dominic is a construction business coach and host of the podcasts  “Profit Tool Belt”  and “Cabinet Maker Profit System”. He is also a serial entrepreneur, a proud husband and father, and a horrible fly fisherman. In both shows, Dominic shares lessons, tips, and tricks from thought leaders in the construction industry. With Dominic, you’ll get reality, not theory. He uses real -life stories and colorful anecdotes that help you see what the next level looks like and know how to get there. 

He’s been a business coach for over 23 years and an Entrepreneur for 25. Over the years he’s had companies in Construction Trades, Contracting, Mail Order, Pharmaceuticals, Real Estate, & Business Coaching. His commitment to you is that you’ll learn more in this interview than most businesspeople do in a year. And he wants you to go and apply it!

We discuss: (timestamps) 

02:22 Common problems in construction businesses before coaching

03:26 Key issues for construction businesses aiming to grow

04:39 The benefits of having the right team

07:46 How changing your mindset can drive growth

08:52 Real-life construction case study example

16:25 Business alignment & focus

24:29 Addressing operational problems in construction

25:52 Implementing time tracking for better planning

29:53 Explaining new processes to your construction team

31:18 Actionable steps to boost construction business growth

Resources:

Dominic Rubino, Construction Business Coach and Podcast Host, BizStratPlan Profit Tool Belt
https://profittoolbelt.com/
https://cabinetmakerprofitsystem.com/

LinkedIn:
https://www.linkedin.com/in/dominicrubino/

Facebook:
https://www.facebook.com/ProfitToolBelt

Youtube:
https://www.youtube.com/channel/UCKVBkA9GmALX_J7W3iGIy6g

Podcast:
https://profittoolbelt.com/podcast-dom/

Podcast:
https://cabinetmakerprofitsystem.com/podcast/

Kathy Svetina, Fractional CFO:
https://www.newcastlefinance.us/

Blog post | Boosting Financial Growth in Your Construction Business
https://www.newcastlefinance.us/listen/boosting-financial-growth-in-your-construction-business/