In this episode, it is my pleasure to introduce you to Joe Lynch. Joe is a seasoned professional from the leisure travel industry.
Joe's expertise in marketing, business development, e-commerce, and data analytics translates directly into optimising cash flow and profitability in the construction industry. As the owner of Joe Lynch Consulting, he has a track record of helping organisations unlock their full potential and achieve sustainable growth.
Joe’s expertise also includes CRM systems, evaluating and enhancing product and service ranges, and leveraging digital marketing techniques relevant to driving cash flow in construction. These strategies are invaluable for industry professionals, business owners, and aspiring entrepreneurs. Join us as I explore with Joe his insights for financial success, from proven strategies from the leisure travel industry and how these can be adapted to revolutionise your construction business. Get ready to elevate your construction cash flow game with Joe Lynch.
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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