Understand Why You NEED A CFO to Grow Your Construction Business with Daaxit’s Aaron Mills

In this episode, Aaron Mills, a CFO in the construction industry, discusses the common financial issues in a construction business, the concept of 'growing broke', and key financial KPIs. He also talks about the illusion of success, the importance of a strong management team and continuous learning. (0:00) Introduction to the Building Scale podcast and guest Aaron Mills (2:38) Role of a CFO in a construction business and common financial issues (7:32) The strategy for financial clarity: Breaking down the company into silos (10:19) Exploring the concept of 'growing broke' in the construction industry (13:30) The 'contractor dilemma' and the importance of client relationships (15:30) Key financial KPIs for business owners and understanding your financials (18:29) Indicators that you need a CFO and managing cash flow (21:19) Revenue vs Profitability: The illusion of success (23:08) The importance of a strong management team, HR function, and goal setting (25:06) Personal growth: Investing in yourself and the importance of continuous learning.