A CFO’s Take: How a Cash-Only Strategy Limits Growth
As an experienced subcontracting executive, you’ve already learned how to overcome problems that hold most subcontracting businesses back—slow pay, labor challenges, project and material delays, and razor-thin margins. You’ve built strong relationships and a resilient business that can weather the unpredictable nature of the industry. And you’ve done it largely by leaning on your cash […]
How Communication, Transparency, and Team Alignment Empower Subcontractors to Meet their Growth Goals
In construction, growth doesn’t just come from winning more bids—you also need to create an organization and culture that can support existing operations and future growth goals. That’s why building a culture where communication flows freely, strategies are shared openly, and your team feels empowered should be a priority for subcontracting executives. Too often, subcontractors […]
6 Insights from Billd’s Subcontractor Meetup on How to Scale Sustainably
The majority of subcontractors want to grow their businesses—but many of them don’t know the right way to do it. That’s why Billd hosted a virtual Subcontractor Meetup featuring consultants Josh Luebker and Jerry Aliberti, two industry professionals dedicated to helping subcontractors successfully scale their businesses. They unpacked the most common mistakes that hold businesses […]
The Key Challenges that Subcontractors Face As They Grow – and How to Overcome Them: $25M+ Subcontractors
For subcontractors, surpassing $25M in revenue is a rewarding stage that signifies operational finesse and strong strategic leadership. At this stage, subs find themselves less in the trenches and more focused on steering the company towards continued growth. In the final part of our series, construction consultant Jerry Aliberti from Pro-Accel gives an overview of […]
The Key Challenges that Subcontractors Face As They Grow – and How to Overcome Them: $8M – $25M Subcontractors
Moving into the $8-25 million revenue range as a subcontractor marks a crucial phase of strategic growth. Leadership skills and strategy take priority as owners plan for long-term success. We asked Jerry Aliberti, principal at Pro-Accel to share his insights for areas of focus as a sub moves into the $8M to $25M revenue range. […]
The Key Challenges that Subcontractors Face As They Grow – and How to Overcome Them: $2M – $8M Subcontractors
As subcontractors scale, they encounter new problems, new opportunities, and more operational changes. Billd sat down with seasoned construction professional turned consultant Jerry Aliberti, who offers consulting services through his firm Pro-Accel, to discuss different challenges subs encounter as their businesses grow in size and revenue. Aliberti shared insights based on his experiences and provided […]
4 Reasons Why You Should Use Financing – Even If You Have Cash in the Bank
Being financially stable is all about your cash flow, how you manage risk, and the working capital options you use to run your business. A working capital stack that includes cash, bank lines of credit, material financing, and supplier terms allows you to pull from different sources of capital based on your business’s specific needs […]
5 Billing Strategies to Secure Larger Payments, Faster & How to Get GCs to Buy In
In a market with infamously long payment timelines, it’s crucial for subcontractors to think strategically about how they collect payment. An airtight billing strategy can help you secure more money in a shorter time frame. To help subs do just that, we sat down with Josh Luebker, a construction industry coach and fractional CFO for […]
The KPIs that Subcontractors Need to Look at in 2024 and Beyond
The construction industry can be unpredictable, which forces subcontractors to adapt. This includes adapting the Key Performance Indicators (KPIs) they use to measure the performance of their business. At any point in the year, it’s worth reassessing the health of your current KPI dashboard to gauge whether it’s giving you an all-encompassing look at your […]