Why Contractors Struggle to Get Paid And How to Fix It

Why Contractors Struggle to Get Paid And How to Fix It

You finished the work. The customer is happy. The invoice was sent. So why haven't you been paid? In this episode, Ron Nussbaum sits down with George, co-founder of Monk, to tackle one of the biggest challenges in construction: Getting paid on time. From broken payment systems and long payment cycles to administrative delays and cash flow problems, this conversation dives into why contractors are constantly chasing money they're already owed. More importantly, they discuss how technology and AI can help fix the problem. If you've ever stared at an AR report and wondered where your money is, this episode is for you. Connect with George https://www.linkedin.com/in/georgekurdin/ https://monk.com/ Connect with Ron LinkedIn: https://www.linkedin.com/in/ron-nussbaum Construction Champions Podcast Explore episodes, guests, and resources: https://www.constructionchampionspodcast.com MAIN TOPICS COVERED Why contractors struggle to get paid on time The hidden cost of delayed payments Construction cash flow challenges Why traditional software isn't solving collections The role of AI in accounts receivable Administrative delays and payment bottlenecks The dangers of normalizing slow payment cycles Why contractors need better payment systems How technology can reduce AR headaches

Before You Take a Business Partner, Ask These 4 Questions

Partnerships don't fail because of paperwork. They fail because nobody had the hard conversations first. In this episode, Ron Nussbaum shares lessons from both successful and failed partnerships and breaks down the four critical questions every business owner needs to ask before bringing on a partner. This isn't legal advice. It's the conversation that should happen before the attorney ever gets involved. If you're considering: A new business partner An operating agreement Bringing on investors Giving away equity You need to listen to this first. Connect with Ron LinkedIn: https://www.linkedin.com/in/ron-nussbaum Construction Champions Podcast Explore episodes, guests, and resources: https://www.constructionchampionspodcast.com MAIN TOPICS COVERED Why business partnerships fail Operating agreements vs real alignment Defining success before building together Roles and responsibilities in partnerships Expectations and accountability Decision-making authority Compensation and ownership structures What happens if someone stops contributing Exit strategies and buyouts Why equity doesn't create commitment

Why Construction Businesses Go Broke Even When They’re Busy

A full schedule doesn’t mean you’re profitable. And being “busy” doesn’t mean your business is healthy. In this episode, Ron Nussbaum sits down with returning guest Mick Hawes to break down one of the biggest hidden problems in construction: Most contractors don’t actually understand pricing. From “hope strategy” estimating to hidden overhead costs, this conversation dives into why so many construction companies struggle financially, even while doing millions in revenue. If you’ve ever wondered: Why cash flow feels tightWhy projects don’t seem profitable Or why some contractors go broke while busy This episode is a must-listen. Talk to Mick https://buildersbusinessblackbelt.com.au Mick@buildersbusinessblackbelt.com.au Connect with Ron LinkedIn: https://www.linkedin.com/in/ron-nussbaum Construction Champions PodcastExplore episodes, guests, and resources: https://www.constructionchampionspodcast.com MAIN TOPICS COVERED Why construction companies fail financially The dangers of “hope strategy” pricing Understanding overhead and operational costs Why gross profit and net profit confuse contractors The importance of knowing your daily business costs Why small projects are often more profitable Building dashboards and tracking financial health The psychology behind avoiding financial reality Why pricing systems matter more than guesswork

Gas Prices Aren’t the Problem, Your Pricing Is

Gas prices go up… And suddenly every contractor says they need to raise prices. But when gas prices dropped? Nobody lowered them. That’s the real problem. In this episode, Ron Nussbaum breaks down one of the biggest hidden issues in construction: Most contractors don’t actually understand their pricing. From fuel costs to labor to overhead, this episode dives into why so many construction companies operate on razor-thin margins and why small fluctuations expose much bigger operational problems. If a small increase in cost throws your business into chaos… This episode is for you. Connect with Ron LinkedIn: https://www.linkedin.com/in/ron-nussbaum Construction Champions Podcast Explore episodes, guests, and resources: https://www.constructionchampionspodcast.com MAIN TOPICS COVERED Why contractors panic over gas prices The real reason small cost increases hurt businesses Understanding construction pricing and overhead Why most contractors undercharge The dangers of pricing jobs emotionally Annual and semi-annual pricing adjustments The “8-inch floor vs 1-inch floor” analogy Why profitability requires proactive pricing The mindset shift construction businesses need

How to Win in the Hardest Construction Markets

Most contractors blame the market. These guys built success in one of the hardest construction markets in the world. In this episode, Ron Nussbaum sits down with Daniel Monteiro and Trevor Munson from Reedy Contracting Group to break down what it actually takes to succeed in high-pressure, high-speed construction environments like New York City. From culture and leadership to systems, risk management, and caring about the client, this conversation dives into why some contractors keep growing while others constantly struggle. If you think your market is tough… this episode will challenge your mindset. Reidy Contracting Group https://reidygroup.com/ Connect with Ron LinkedIn: https://www.linkedin.com/in/ron-nussbaum Construction Champions PodcastExplore episodes, guests, and resources: https://www.constructionchampionspodcast.com MAIN TOPICS COVERED What it takes to succeed in highly competitive construction markets Why caring is a competitive advantage in construction The role of operators in successful construction companies Managing risk before problems happen Why proactive communication changes everything Systems and processes for scaling construction businesses Fast-paced project execution in New York City Technology and AI in modern construction operations Why great contractors think ahead, not react late