Professional Builders Secrets brings you an exclusive episode with Russ Stephens, Co-founder of APB, and Sarah Biben, Director of Product Design at Buildertrend. Throughout this episode, Russ and Sarah dive deep into the financial blind spots that are quietly killing builder profitability, and what the most successful builders are doing differently to protect their margins and run cleaner, more profitable companies.

This episode is sponsored by Apparatus Contractor Services, click the link below to learn more:hubs.ly/Q02mNSsG0

INSIDE EPISODE 230 YOU WILL DISCOVER

Why a busy schedule and healthy bank balance can mask serious financial problems in your building company
What the "construction Ponzi scheme" is and how to make sure you're not caught in it
Why over a third of builders had a discrepancy greater than 10% between their perceived and actual financial performance
How the Work In Progress Accounting Adjustment© can transform the accuracy of your monthly reports
The hidden profit destroyer that most builders completely overlook
And much, much more.

ABOUT RUSS STEPHENS

Co-founder of the Association of Professional Builders, Russ is a data analysis expert who has introduced data-driven decision making to the residential construction industry. Russ is also a proud member of the Forbes Business Development Council.

Connect with Russ: linkedin.com/in/russstephens

ABOUT SARAH BIBEN

Sarah Biben is the Director of Product Design at Buildertrend, where she works with builders, product teams, and engineers to design workflows that connect financials with day-to-day project management.

Connect with Erika: linkedin.com/in/sarah-biben-86183b40/

TIMELINE

05:20 The stat that should concern every builder
12:45 The construction Ponzi scheme
19:30 The Work In Progress Accounting Adjustment© explained
31:10 The hidden profit destroyer: timeline
38:45 Profitable on paper, broke in real life
46:20 What the best builders all have in common

LINKS, RESOURCES & MORE

APB Website: associationofprofessionalbuilders.com

APB Rewards: associationofprofessionalbuilders.com/rewards/

APB on Instagram: instagram.com/apbbuilders/

APB on Facebook: facebook.com/associationofprofessionalbuilders

APB on YouTube: youtube.com/c/associationofprofessionalbuilders

230. Are Builders Actually Profitable With Russ Stephens & Sarah Biben