Why Profitable Businesses Still Fail

https://www.foundationacs.com In this episode, Jeremy explains one of the most common cash flow mistakes contractors make and how it slowly destroys otherwise profitable businesses. If you've ever used money from one job to pay for another, this episode could save your company. 00:00 Introduction01:20 A contractor's desperate text message03:00 Why profitability isn't enough04:00 The "Rob Peter to Pay Paul" cycle06:00 Why contractors get trapped08:00 The first priority: paying yourself10:00 The second priority: protecting production13:00 Why unpaid suppliers create disaster15:00 Drawing a line in the sand17:00 How to start fixing cash flow19:00 Using profit to eliminate old debt22:00 Communication with suppliers matters25:00 Building long-term financial stability