212 - Family Construction Business- How do we Pay less tax and Protect our Profits? with Lee Phillips
Release Date: 09/13/2023
Profit Tool Belt I Business Owners I Construction I Contracting I Renovations I Remodelling I Construction Business Coach Dominic Rubino
Join us in this episode as we talk with John Wilker from The Simplest Biz about setting the next generation up for success in family businesses. Gain practical insights and strategies to ensure lasting success.
info_outlineProfit Tool Belt I Business Owners I Construction I Contracting I Renovations I Remodelling I Construction Business Coach Dominic Rubino
In this episode, Adam Sylvester joins us to talk about how he completely reinvented his contracting business. He shares his process, the valuable lessons he learned along the way, and what he would do differently if he had the chance. Don't miss out on these great insights!
info_outlineProfit Tool Belt I Business Owners I Construction I Contracting I Renovations I Remodelling I Construction Business Coach Dominic Rubino
Join us for an engaging episode with Michelle Bomberger, Founder and CEO of Equinox Business Law Group PLLC, as we explore construction contracts, redlining, and the critical elements that matter most. Tune in now!
info_outlineProfit Tool Belt I Business Owners I Construction I Contracting I Renovations I Remodelling I Construction Business Coach Dominic Rubino
Join us for an engaging conversation with Anthony Codispoti, Co-Founder and COO of AddBack Benefits Agency, as we explore how to strike the right balance between creativity and structure. Discover strategies for maintaining innovation while following essential systems and SOPs.
info_outlineProfit Tool Belt I Business Owners I Construction I Contracting I Renovations I Remodelling I Construction Business Coach Dominic Rubino
In this episode, we explore the WIP Report, a powerful tool used by large contractors to gain real-time insights into project progress, identify bottlenecks, and optimize workflow. Join Kathy Svetina, founder of NewCastle Finance, as she unveils the secrets to using the WIP Report for construction success!
info_outlineProfit Tool Belt I Business Owners I Construction I Contracting I Renovations I Remodelling I Construction Business Coach Dominic Rubino
In this episode with Jake Power, discover how EOS (Entrepreneurial Operating System) can be leveraged to expand from 5 acres to 12. We explore the planning, challenges, and ultimate success of this journey. Tune in for valuable insights and practical tips that can help you scale your own operations.
info_outlineProfit Tool Belt I Business Owners I Construction I Contracting I Renovations I Remodelling I Construction Business Coach Dominic Rubino
In this episode with Amzie Lehman from Lehman Construction, we explored the importance of pre-construction scheduling for home builders and general contractors. Learn expert tips to create a detailed timeline, manage dependencies, and ensure a smooth and efficient construction process. Listen now and build with confidence!
info_outlineProfit Tool Belt I Business Owners I Construction I Contracting I Renovations I Remodelling I Construction Business Coach Dominic Rubino
Feeling overwhelmed by the complexity of EOS implementation? This episode of the Profit Tool Belt dives into Self-Implementing EOS - how to get back to the core principles and MAKE IT WORK for you! Join us as we explore simplifying the process and achieving the results you desire!
info_outlineProfit Tool Belt I Business Owners I Construction I Contracting I Renovations I Remodelling I Construction Business Coach Dominic Rubino
Unsure how to price your construction jobs? This episode with Taunya Woods Richardson offers clear strategies for profitable project estimates. Listen now and gain the confidence to land contracts and grow your business!
info_outlineProfit Tool Belt I Business Owners I Construction I Contracting I Renovations I Remodelling I Construction Business Coach Dominic Rubino
Join us in this episode as we explore ways to expand your scope of work in renovations and new builds with Barb Silverthorn. Get practical advice and insights that will help you grow your construction projects and business. Listen now!
info_outlineEver felt like you're walking a legal tightrope when it comes to your business? That's what this episode is all about. We are joined by Lee Phillips, an asset protection expert, to dig deep into the legal essentials you need to safeguard your business. This episode is your blueprint for legal and financial peace of mind.
Here's what's inside this episode:
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The Wake-Up Call: Why thinking "it won't happen to me" could be the biggest mistake you make. Real stories of businesses caught off guard and the lessons you can learn from them.
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The LLC Advantage: Lee Phillips explains why LLCs are not just a business trend but a necessity. How an LLC can act like a firewall between your personal and business liabilities.
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Homework: Before stepping into a lawyer's office, arm yourself with the right questions. Know the options available to you, and don't just accept the first thing that's handed to you.
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Taxes, Simplified: Did you know your choice of business structure could have a huge impact on your tax liability? We break it down so you can make informed choices come tax season.
Some Additional Nuggets:
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Strategic Planning: How early planning can save you from legal headaches down the road.
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NAICS Code: A wrong code can trigger an IRS
Tune in; give us a follow and protect your business!