In this episode, it’s my pleasure to introduce you to Billy Stein
Billy is a remarkable entrepreneur in the construction industry who has faced a multitude of challenges throughout his journey.
Despite these obstacles, Billy has emerged stronger, more determined, and more successful than ever before.
Billy shares his experiences of dealing with difficult contractors, getting paid on time, and facing labour and resource issues, while also discussing his personal growth.
He emphasises the importance of collaboration and facing challenges head-on, leading him to achieve remarkable success in his business.
Despite experiencing setbacks such as losing his business due to a main contractor going bust, Billy overcame his alcohol addiction to start again from scratch. In just five years, he grew his business from zero to £9m, a remarkable achievement that demonstrates his dedication and resilience.
Billy's story is one of perseverance, determination, and personal growth, inspiring us all to overcome adversity and achieve success.
The Vision of The Construction Cashflow Podcast is to revolutionise the construction industry by sharing real-life stories and valuable experiences that inspire change and create sustainable communities.
Our Mission is to share inspiring stories from individuals working in the construction industry, breaking down the supply chain and uncovering the truth about what motivates and drives success. By imparting wisdom and knowledge, we aim to inspire change and transform the industry, leading to improved cash flow and greater wealth creation and well-being for all. Our ultimate goal is to foster regenerative and sustainable communities that benefit both people and the planet.
Construction cash flow has been a major problem for 400 years and it hasn't changed much since the times when St. Paul's Cathedral borrowed funds from St Peter's Cathedral to pay for its building works; it's where the saying "Robbing Peter to Pay Paul" comes from.
There are many factors that affect cash flow in construction from unfair contract terms, cash farming, poor record keeping, poor quality, delays, missed application dates, slow payment culture, low working capital, contractors handling other people's money, the list goes on. However, one thing is for sure, whatever the reason, the consequences can be serious for the myriad of small business owners that make up the construction supply chain. Tragically, insolvency, mental health, suicide, and family breakdown are some of the knock-on effects of the slow payment culture tradition in construction.
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