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Startup Hustle: Construction Entrepreneurship

Published: March 29, 2021
Last updated: April 19, 2022
Read time: < 1

Summary

Billd CEO, Chris Doyle, has been in construction long enough to know that everyone involved in the building process – subs, GCs, suppliers, and even project owners – benefit when processes and expectations are aligned. So, why is it that many of the issues prevalent in construction are often dismissed as “just the way construction works?”

In his conversation with Matt DeCoursey on the Startup Hustle podcast, Chris covered a lot of ground: opportunities to maximize profit margin for subs of all sizes; how suppliers can enhance their relationships with customers; and even how everyone involved can combat rising material costs.

The common thread in all of this? Building and maintaining a strong brand and strong relationships is essential for everyone in construction. Listen to the full episode to learn about the different components that go into creating successful relationships in construction.

“Your ability to deliver every time, time and time again – to achieve your goal; that’s your brand, that’s your relationship… Invest in your crew: how to be safer, more efficient, more flexible on the job site. Invest in that side. That’s how you’re really solving problems for your customer.” Chris Doyle

About Billd: Billd stands alone as a partner that truly champions the subcontractor. Founders Christopher Doyle and Jesse Weissburg, industry veterans in both construction and finance, witnessed the detrimental impact to subcontractors of the longstanding broken payment cycle in construction. Their time in the trades inspired them to launch Billd in 2018, bringing the financial power of Wall Street to the construction job site. Billd's financial and payment products empower subcontractors to bypass project hurdles by providing access to upfront funds to cover their most pressing costs, including materials and labor. Unlike traditional financing outlets, Billd provides flexible lines of credit to accommodate the unpredictability of cash flow in construction, and extends their customers up to 120-day terms to align with industry payment standards. Billd knows traditional credit metrics are poor predictors for risk and has built a variety of industry-specific, proprietary analytic and financing tools to allow subcontractors to stabilize cash flow and more effectively grow their businesses.

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