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BB168: Managing Cash Flow in the Construction Industry w/ Scott Peper
Manage episode 432619177 series 3576135
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Scott Peper, the CEO and co-founder of Mobilization Funding, shares his journey into the construction industry and the importance of understanding the cash flow cycle and managing sources and uses of cash in your business. He defines cash flow as the amount of cash coming in and going out of a business within a specific period of time and emphasizes that even though bid sheets may show the same profit, how you collect and spend the money can vary greatly between projects. Scott explains how Mobilization Funding helps construction contractors by providing cash flow solutions tailored to their specific needs, helping them bridge the gap between expenses and revenue.
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The Blacktop Banter podcast discusses Asphalt Sealcoating, Hot-Rubberized Crack Sealing, Patching, Base Information, Recycled Asphalt Millings, Hot-Mix Asphalt, Line Striping, and Paving for residential and commercial customers. We also discuss how to stay motivated as an entrepreneur and how to deal with the challenges of owning your own asphalt maintenance business.
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