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Brian Philbeck, CPA- Principal
With over 15 years of accounting experience, including serving as CFO for construction companies, Brian provides strategic financial leadership tailored to the challenges contractors face—rising project costs, cash flow management, and maximizing profitability. He specializes in cost reduction, increasing gross profit, and streamlining accounting processes. His expertise includes developing and tracking KPIs, CAPEX analysis, and budgeting/forecasting, ensuring construction companies have the financial stability needed to grow and scale. As a Fractional CFO, Brian offers high-level financial guidance without the cost of a full-time CFO, allowing business owners to focus on running and expanding their operations.
KEY STEPS OF OUR CONTRACTOR PROFIT BUILDER
1. Analyze
Analyze current profit margins, profit drivers, and areas of inefficiency. Set goals for gross profit and set up financial tracking apps (Amex, Built, Capital One, Builder Trend)
2. Identify
Identify cost-reduction opportunities. Perform a labor cost analysis and cost per project and establish areas for improvement. Review other project related/contract expenses for cost reduction.
3. Optimize
Optimizing working capital. Review and negotiate better payment terms with suppliers/vendors. Set a budget to forecast revenue and cash flow needs and integrate this with projects. Set up KPI’s to track and manage working capital (DSO- Days Sales Outstanding. DPO- Days Payables Outstanding).
4. Review
Review progress against goals and KPI’s. Adjust strategies based on progress and feedback. Maintain continuous monitoring and process improvement. Plan for next steps and future growth.
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