This episode features Gavin Smith, widely recognised as The Profit Analyst, who brings his expertise to the construction industry's financial challenges. Addressing the familiar rollercoaster of managing finances in construction—where significant payments can quickly turn into a scramble for cash—the discussion focuses on overcoming cash flow issues and forecasting to prevent financial pitfalls. Additionally, the episode will explore strategies for understanding and simplifying profit and loss and balance sheets, making these essential financial documents more accessible.

Gavin aims to demystify the numbers behind construction businesses, emphasising the importance of just five key figures that could help elevate a business to the £5 million mark. For those who have struggled with financial management or felt overwhelmed by their accounting documents, this episode promises valuable insights and practical advice.

The conversation is tailored for construction business owners looking to streamline their financial processes, improve their cash flow management, and gain clarity on their financial health. By focusing on simplifying complex financial concepts, Gavin offers solutions to enhance business growth and stability in the challenging construction industry landscape.


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⏱️ Timestamps:
0:00 - Introduction to the Podcast
1:36 - Who is Gavin Smith and How he Got into Numbers
5:05 - The Challenges of Managing Finances in Construction
9:10 - Financial Problems Facing Construction Companies
12:53 - What Numbers You Need to Know and Understand
16:14 - Cash Flow Forecast in Construction -
25:28 - Understanding Your Cashflow Data to Build A Successful Construction Business
38:30 - Creating a Profit Formula for Your Business


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Links to Find Gavin Smith:
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