Brian Kaskavalciyan says contractors who can't see where their money goes are headed for trouble. Wealthy contractors watch their financials like a scoreboard. Struggling ones guess at margins and overhead until they're broke.
The biggest red flag I see in how contractors handle their money is they don't actually know where it's going. They're flying blind, running their business off the checkbook balance or what their gut tells them instead of real financials. If your numbers show up late, they're inaccurate, or you're not getting them at all, that's a giant warning sign. Because if you don't know your margins, you don't know your overhead, your cash position, every day you're guessing, and guessing is how you end up broke. Wealthy contractors treat their financials like a scoreboard. Struggling ones, they avoid the numbers until it's too late.
