The top 5 reasons reasons builders go broke.

In this video series, Mark Harris from Stroud Homes takes you through the top 5 reasons New Zealand builders go broke and offers some sound advice on how to avoid these pitfalls.

 

Top 5 Reasons Builders Go Broke No 1 Bad Cashflow

 


Bad Cash flow – not having enough money coming into your business to pay your bills.

Stroud Homes can help solve cash flow problems by providing increased sales, profitable jobs, management assistance and happy customers. Getting these four things right will reduce stress and give you more time for yourself & your family and more money for a better lifestyle.

 

Top 5 Reasons Builders Go Broke No 2 Poor Business Management

 

 

Poor Business Management – little or no proper business systems & processes are in place.

At Stroud Homes our whole business is built around systems & processes which we have used and developed over many years and which you can have access to from day one. We help you learn to think bigger, focus on the things that make you money, understand your financial position and forecast and prepare for the future. With Stroud Homes you will be prepared, focused and confident that your business and personal life is secure.

 

Top 5 Reasons Builders Go Broke No 3 Undercapitalisation

 

 

Undercapitalisation – not setting up the company properly financially and/or structurally.

At Stroud Homes we have a business plan in place to help you understand what you will need to have in place to run a successful company. Stroud Homes can help with access to finance, understanding your numbers, licensing & insurance and preparing financially for the future. Having a solid financial business plan will give you the confidence knowing your business is on track and financially sound, your bills are paid on time and your tradies too!

 

Top 5 Reasons Builders Go Broke No 4 Trading Losses

 

 

Trading Losses – losing money on one job and trying to make it up on the other. This happens due to poor estimating and quoting.

Stroud Homes can help you by providing accurate and proven estimating systems, quick estimating systems, an experienced team to learn form and initial & ongoing training on all our estimating systems. Good estimating systems provide confidence that you are providing a good quality renovation at a fair price. Your customers will be happy with a clear and accurate quote!

 

Top 5 Reasons Builders Go Broke No 5 Poor Financial Control

 

 

Poor Financial Control – not knowing where your money is going and when & where it is coming from. This is often due to poor financial reporting.

At Stroud Homes we help you with weekly financial reporting, sound advice from another set of eyes and identifying the problem long before it arrives. Good financial control allows you to sleep easy, knowing you are on the right course for success!

Recent Articles

Benefits of Buying a Home Building Franchise

22nd April 2022

Future proof your building career with Stroud Homes! There is a lot to think about before starting your own business.... Read More

How we get our builders off the tools

22nd February 2022

Are you a skilled builder who is keen to get off the tools and progress in your career, but... Read More

Owning A Building Franchise

10th December 2020

What's it like to own a Stroud Homes building franchise? The systems in place help you deliver a quality... Read More

Franchisee Testimonial: Craig Shorrock (Stroud Homes Auckland South)

21st October 2019

In this video, you get to meet Stroud Homes Auckland South builder Craig Shorrock, and hear why he decided... Read More

Franchisee Testimonial: Michael Rabey (Stroud Homes Auckland North)

21st October 2019

In this video, you get to meet Stroud Homes Auckland North builder Michael Rabey, and hear why he decided... Read More

The Design Process: How We Create New Home Plans

29th September 2018

James Stroud explains how the house design process works from how they are chosen, to the ability to make... Read More

Video: The Stroud Homes franchise setup experience

17th July 2018

A quick chat with Michael about his initial experience with the Stroud business setup team. https://youtu.be/0MfNWgkaB1M Transcript: Interviewer: Hey, Michael. How are... Read More

Starting a Stroud Homes Franchise: What Happens Next?

05th July 2018

Learn what happens in the initial stages of expressing interest in a Stroud Homes franchise, from getting your agreement... Read More

Why Do Builders Choose to Become Franchisees with Stroud Homes NZ?

30th June 2018

From our 10-year advantage in regards to award winning house plans and systems, to exceptional head office support for... Read More

The Growth of the Stroud Homes Brand

27th June 2018

Stroud Homes is a highly successful business that is averaging 50% growth per year in the last 3 years... Read More

Categories

Call Now Button