Mastering Cash Flow and Avoiding the Roller Coaster! Construction Champions Podcast 2-85 Pam Wismer

In this episode of the Construction Champions podcast, host Ron Nussbaum interviews Pam Wismer, a fractional CFO with Ascent CFO Solutions based in Boulder, Colorado. Pam has over 30 years of experience working with companies across various industries, including 13 years in the home building sector. About Pam Pam is a fractional CFO with Ascent CFO Solutions, partnering with leadership teams to give them clear visibility into how to drive growth in their businesses. With more than 35 years of professional finance experience, including nearly 15 years in the construction industry, Pam truly enjoys helping business leaders overcome financial challenges. Pam's links https://www.linkedin.com/in/pamwismer/ https://ascentcfo.com/ 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/ 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 What makes a "construction champion" and the importance of the construction industry to the broader economy (00:03:37) The critical role of cash flow management and forecasting in construction businesses (00:07:19) Strategies for improving data collection and visibility to make better financial decisions (00:14:34) Advice for construction companies facing cash flow crises, including the value of 13-week cash flow projections (00:16:37) The tendency in construction to overspend on equipment and assets rather than maintaining cash reserves (00:19:23) Keywords: cash flow management, Pam Wismer, Ron Nussbaum, Construction Champions Podcast, financial stability, construction finances, budgeting, forecasting, managing cash flow, business growth