Summary
Billd CEO Chris Doyle joined Dillon Mitchell on The Construction Corner podcast to discuss payment terms in the construction industry, and how to grow your business more effectively as a contractor.
Chris opens by discussing his experience with the construction industry and joining the workforce at 16 helping to frame houses. He jokes about how success was defined by how many beams you could lug around at one time, but how he also loved the direct industry exposure and ability to make money quickly in high school and college.
The two then go on to talk about how people are joining the construction industry with little to no on-site knowledge. He explains how this is typically presented in marketing through cliche imagery and verbiage that is highly generic to the industry. Additionally, Chris mentions the importance of feeding marketing efforts with either hands-on experience or by surrounding yourself with people who have hands-on experience.
They go on to discuss other growth management issues like poor payment terms, cash flow issues, the slow adoption of technology and how it will eventually revolutionize the construction industry.
“Losing a customer won’t sink the ship, running out of money will sink the ship. Being disciplined about money is the best thing subs can do right now, especially in the current global economic environment.” – Chris Doyle
“Losing a customer won’t sink the ship, running out of money will sink the ship. Being disciplined about money is the best thing subs can do right now, especially in the current global economic environment.” – Chris Doyle
