In this episode of the Construction Disruption podcast, host Todd Miller and co-host Ethan Young sit down with Timothy Wingate Jr., founder of G+F Business and Financial Consulting, to discuss the financial struggles commonly faced by construction companies. Timothy shares his journey from working in the field with his father to founding a company that helps construction businesses manage their finances, improve cash flow, and understand the importance of project management software.
He also shares his company's unique approach of focusing on construction-specific accounting and offers advice for new business owners. Whether you're a seasoned professional or just starting in the construction industry, Timothy’s insights provide valuable guidance for maintaining financial health and achieving long-term success.
Timestamps
01:43 Meet Our Guest: Timothy Wingate Jr.
02:42 Timothy's Journey in Construction and Finance
07:08 Challenges Faced by Construction Companies
11:19 Specialized Accounting for Construction
13:52 Virtual Accounting and Client Relationships
17:27 Setting Profit Margins and Business Goals
20:57 Choosing the Right Tech for Construction Companies
22:38 Choosing the Right Project Management Software
24:11 The Importance of Trust in Implementation
26:34 Advice for Newcomers in the Construction Industry
28:25 Balancing Costs and Growth
29:28 The Emotional Cost of Starting a Business
30:15 Consulting and Long-Term Relationships
31:12 Rapid Fire Questions
35:19 Closing Thoughts and Contact Information
Connect with Timothy Online
Website: https://www.gplusf.com/
LinkedIn: https://www.linkedin.com/in/twingatejr/
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This episode was produced by Isaiah Industries, Inc.
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