Description

Summary
This episode of Activating Curiosity is for construction and AEC industry leaders who are navigating the financial realities of running a construction business, not just managing projects.

Host Ryan Ware is joined by construction accounting expert Jessica Krause to explore the often-overlooked leadership challenges tied to construction financials, change management, and decision-making. Together, they unpack the critical differences between managing projects and leading a financially healthy construction business.

In this conversation, Ryan and Jessica discuss job costing, cash flow management, and the complexity of change orders, highlighting why financial clarity is essential to effective construction leadership and change management. They explore the risks of poor financial visibility, the ripple effects of financial mismanagement across the construction industry, and why communication between project teams and accounting is a leadership responsibility, not just an administrative task.

You’ll gain practical insights into improving financial practices, building stronger alignment between operations and accounting, and developing the right people and systems to support sustainable growth. The episode also reinforces the importance of a growth mindset and financial education as foundational tools for leading change in construction.

If you’re a construction leader focused on strengthening business performance, improving financial decision-making, and building long-term leadership confidence, this episode will help you rethink how curiosity, clarity, and financial leadership work together.

Takeaways

• Construction accounting requires specialized knowledge due to its complexities.
• Effective communication between project management and accounting is essential.
• Job costing and cash flow management are critical to avoid bankruptcy.
• The cost of not tracking financial data can be detrimental to a business.
• Financial mismanagement can have a ripple effect on the entire construction industry.
• Success in construction relies on the collective success of all parties involved.
• Investing in financial education for staff is vital for better management.
• A growth mindset is essential for contractors to thrive in the industry.

Chapters
00:00 Introduction to Construction Accounting Challenges
03:44 The Unique Complexities of Construction Accounting
06:43 The Importance of Communication in Construction Projects
09:45 The Role of Technology and Systems in Construction Accounting
12:56 Managing Change Orders and Project Budgets
15:47 The Ripple Effect of Poor Financial Management
18:59 Success in C

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Connective Consulting Group
Helping construction leaders simplify change, strengthen trust, and move forward with clarity.


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Follow Ryan at the following:

https://www.linkedin.com/in/ryankware/

https://www.linkedin.com/company/connective-consulting-group-llc

https://connectiveconsultinggrp.com/

https://connective-coaching.com/

https://ryanware.me/

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