Ep 52: Why Good Subs Still Go Broke (and How Billd Fights Back) w/ Chris Doyle, CEO at Billd

You can run a tight crew, win good work, and still watch your subcontracting business bleed out. Chris Doyle has seen it happen more times than he can count - and he built Billd to stop it.Chris has been in construction since he was 16. He's framed houses, worked disaster recovery, built renewable energy projects, and eventually found himself fluent in two languages most people can't speak at the same time: construction and finance. That intersection became Billd - a specialty lender in the country built specifically for subcontractors.In this episode, Chris breaks down why cash flow problems aren't a sign of a bad business - they're actually a sign your business is working. He explains why your net profit is silently funding your growth instead of going in your pocket, why "we don't borrow money" is often the most expensive philosophy a sub can have, and what a daily cash report can do for a business that no amount of hustle can replace.He also gets into Billd's new Predictable Pay program - and how partnering with GCs to release payments faster ends up being the most pro-sub move they've made yet.Topics covered:The cash flow problem hiding inside every profitable subcontracting businessWhy retained earnings aren't a safety net - they're a trapHow to think about your capital stack (and what "adequate leverage" actually means)What Billd evaluates before extending working capital - and what they don't care aboutWhy GCs and subs fundamentally misunderstand each other's timelineThe one daily habit that separates businesses that survive from those that don't--The Bred to Build Podcast is built for construction professionals looking to learn, grow, and level up — subscribe now for fresh episodes and industry conversations from the best of the best.Liking The Podcast? Drop a review. Share with friend.--Podcast Powered by Hammr 🔨Hammr: Built for specialty contractors who want to simplify Construction Payroll & HR.--Connect on SocialFollow our Podcast on Instagram @bredtobuildpodcastFollow Hammr's Instagram @wearehammr   👷‍♂️ Chris Doyle (Guest)LinkedInBilld.com👷‍♂️ Brek (Co-Host)LinkedInHammr.com@wearehammr👷‍♂️ Keith Callaway Jr. (Co-Host)InstagramLinkedIn