Financial Clarity in Construction Construction Champions Podcast 2-92 Aaron Mills

In this episode of the Construction Champions podcast, Ron Nussbaum and guest Aaron Mills discuss the critical financial challenges facing the construction industry, particularly the lack of financial expertise in most construction businesses. They highlight that 98% of construction companies do not have a CFO, which contributes to low profitability and high business failure rates. The discussion emphasizes the importance of job costing, financial clarity, and overcoming ego to build successful construction businesses. Aaron introduces the concept of fractional CFO services as a solution to help construction business owners gain financial insights and improve their profitability. About Aaron’s 25 + years of financial oversight for several contracting companies with up to $90 million in annual revenue gives him a unique perspective into how to scale businesses through a framework he calls Financial Resource Optimization. His expertise has been nationally recognized for multiple awards, including Crain’s Chicago Business Fast 50, four-time INC’s 5000’s Fastest-Growing Private Companies, and Engineering News-Record’s (ENR) Top 600 Specialty Contractors. Aaron enhances profitability and improves employee revenue output for every contracting company he works with while helping owners discover financial freedom. He founded DAAXIT to serve, educate, and grow construction industry businesses and increase their profitability. links https://daaxit.com/ Aaron Mills | LinkedIn Get more leads, Set more estimates, and Close more jobs 👇 https://www.build12.com/constructionchampions?am_id=ron625 Simplify Your Construction Projects, Boost Your Productivity 👇 https://www.buildercoms.com/ Building Home Profiles 👇 https://gethometrack.com/ Get Your Own Branded Software 👇 https://buildercomsai.com/home Join our community 👇 https://www.facebook.com/groups/957628795429538 Our Website https://www.buildercoms.com/constructionchampionspodcast Association of Professional Builders Annual Report https://hubs.ly/Q02rT-1n0 (00:01:10) Aaron's background in construction finance(00:02:39) Challenges of construction business financial management(00:08:33) Common financial mistakes in construction businesses(00:14:56) How a fractional CFO onboarding process works Keywords:financial clarity, construction finance, Aaron Mills, Ron Nussbaum, Construction Champions Podcast, budgeting, cash flow management, financial planning, business stability, financial data