This is the second half of my conversation with Claire Perham from Axiom Construction Group, and it's about what running a building business actually costs you.
I asked Claire what the hard part has been over the years, and surprisingly she said "The building itself, the selections, the ordering, that's the easy bit".
The hard bit is the insecure feeling when you don't know where your next job is coming from, and that gut punch when someone tells you they can't afford to build.
We talk about the money side and how projects can run to a million dollars and you're only allowed a five percent deposit, so you're carrying labour and materials all the way through to slab stage before you see anything back.
Anyone who's waited on a progress claim knows exactly what that feels like.
Claire and Jay were in business through the GFC, and they were in Christchurch for the earthquakes.
Part of their work over there was consulting to construction companies that had taken on too much and were failing.
So when COVID hit and people were lining up at the door wanting houses built, they said no, the same way I did, because we both knew we didn't have the trades to deliver it.
She shares what she'd tell a builder who's only ever experienced the busy times and is about to face a quiet time.
She said to watch what debt you take on and what it's actually for.
Look hard at your overheads. And make sure your margin is a real margin, worked out from what it costs to run your business, not a percentage you've tacked onto your materials and labour.
Then we spoke about how as women we always want to look like we're coping, and that very rarely does she feel like she's on top of everything.
It gets lonely, and you end up believing you're the only one feeling it but you're not.
That's the whole reason I started this podcast.
We finish on why builders are so insular, why we don't talk to each other along with Claire's awards, including 2024 Women in Building for Master Builders Brisbane Region and Queensland.