Why Profitable Businesses Still Fail

⁠https://www.foundationacs.com⁠ In this episode, Jeremy explains one of the most common cash flow mistakes contractors make and how it slowly destroys otherwise profitable businesses. If you've ever used money from one job to pay for another, this episode could save your company. 00:00 Introduction 01:20 A contractor's desperate text message 03:00 Why profitability isn't enough 04:00 The "Rob Peter to Pay Paul" cycle 06:00 Why contractors get trapped 08:00 The first priority: paying yourself 10:00 The second priority: protecting production 13:00 Why unpaid suppliers create disaster 15:00 Drawing a line in the sand 17:00 How to start fixing cash flow 19:00 Using profit to eliminate old debt 22:00 Communication with suppliers matters 25:00 Building long-term financial stability