Professional Builders Secrets 83: The 5 Stages Of Decline For A Building Company w/ Russ, Sky & Andy

Professional Builders Secrets brings you an exclusive episode with Co-founders of the Association of Professional Builders Russ Stephens and Sky Stephens, along with APB’s Head Coach, Andy Skarda. Throughout this episode, the trio delve into the 5 stages of decline of a building company, and what you can do to salvage a building company in decline before it’s too late.

Inside episode 83 you will discover

The stages of decline in a building company
How to pivot and make a change if your companies in trouble
The key factors that cause a building company to decline
When it’s too late to salvage a declining company
Proactive things builders can do to prevent and prepare for financial hardship
And much, much more.

Listen to the full episode to learn if your building company is in a state of decline and the actions you can take to revitalise it.

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0:00 Introduction
1:57 The clear signs a building company is in decline
7:36 Building company owners are usually in denial when their business is in decline
10:23 Is it possible to salvage a declining building company?
12:27 When is it time to cut your losses?
15:28 Avenues to pivot and make change when you know your building company is in trouble
21:14 Key factors that end up making a building company struggle
23:42 Proactive actions builders can take to prevent and prepare for financial hardship