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Ep 104 Busy But Bankrupt
Manage episode 366750264 series 3270093
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What factors cause contractors to lose their businesses? We discuss some of the unique challenges restoration contractors face when working on insurance claims as well as some of the creative solutions that have helped our guest Brendon Rumsey grow by twenty percent annually.
In Episode 103 Bredon shared the interesting story of how he wandered into roofing repairs and working with insurance companies. That story involved a Craigslist meetup and a cup of McDonald's coffee. For this episode he discusses that despite significant revenue growth and being busy his company was on the verge of bankruptcy.
IN THIS EPISODE:
0:00 Busy But Bankrupt
8:17 Defending Your Position
20:22 No One Else Is Doing This
28:50 Enough is Enough
34:20 Best Practices
36:25 Boo-Boo Policies
#construction #insurance #bankruptcy #growth #podcast
Thursdays are for The DYOJO Podcast - helping contractors shorten their DANG learning curve.
THANK YOU TO OUR SPONSORS:
EPIC Estimates, winner of the RIA's 2023 Contractor's Choice Award, specializes in writing Xactimate™ and Symbility estimates with speed, precision, and professionalism.
Advocate Claim Service was founded to provide policyholders, brokers, and attorneys with a dedicated claim professional to develop a comprehensive claim presentation strategy. Read David Princeton's column, Dear David, in C&R Magazine.
The Restoration Industry Association (RIA) is excited to offer a new First Time Contractor Member discount program making it more affordable than ever to become a member!
The Institute of Inspection Cleaning and Restoration Certification (IICRC) is a professional certification and standard-development non-profit organization for the inspection, cleaning, and restoration industries.
Author Jon Isaacson, The Intentional Restorer, shares his two decades of professional experience to help anyone involved with, or interested in, the art of estimating to shorten their DANG learning curve for improvement. How To Suck Less At Estimating: Habits For Better Project Outcomes.
Theme Music - It's Only Worth It If You Work For It by NEFFEX
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