Construction Accident Prevention Program Information
We have all seen the signs about safety and the importance and consequences of safety now I want to share some hard facts about safety.
It is not just about the dollar cost of injuries that can be prevented, consider if you will, the hidden costs. The jobs you will not get because your customer or client perceives your firm is not safety conscious or appears sloppy and that may be the furthest thing from the truth.
What Gets Measured Gets Managed!
There are an infinite number of reasons why most construction companies do not generate a minimum 20% net profit and a six figure after tax income for the owners.
I talk endlessly during in person presentations to gatherings of contractors and other business owners about developing and monitoring their construction company's strategy, expansion isoquants, business plans.
And we go over and over how the foundation of a successful construction company is good solid financial reports. Contractors make decisions based upon the reports they are given. When good stuff goes into your QuickBooks or Xero Accounting Online good reports come out that you can rely upon to make intelligent decisions which can lead to nice profit margins.
Most of our outsourced construction clients are doing well in the area of cash flow and profit and we are continually and gently guiding them to make plans for their future by focusing on long term investment strategy, for example, owning the location where their office and shop is located and then working with qualified financial planners to develop an exit strategy when they want to sell their company and do other things with their lives.
Yet, one are that is hard to justify is putting time, money and energy into safety because it is seen as the dreaded "O" word..."Overhead". Safety at some construction companies is neglected because there are too many other demands on time, money and resources.
Look deep into any construction company's QuickBooks and or Xero Accounting Online financial reports and dig inside the actual transactions and based on how much or how little they invest in gloves, google, masks and related safety equipment then look at the bottom line profit....safety is one of those funny little intangibles that we all have a hard time understanding why it has such an effect, and yet it just does.
I leave you with one thought here - How much in hard dollar profit does your construction crew generate annually? Just from a hard-nosed business perspective safety does not cost, it pays, and it pays big dividends!
This Is Only The Tip - Of the Iceberg. Everything we publish in our blog posts, articles in other websites, and anything you can find on the web is nothing compared to what is available to you as our client. We show only the basic tools to open your mind to the possibilities that are available to you. The best finish carpentry tools in the hands of a golf professional without proper carpentry training will not produce anything near to what a skilled finish carpenter can. The same can be said about the best construction business consulting and accounting tools in the hands of a skilled finish carpenter. And I say that with respect and admiration for everyone in construction.
When You Become A Client - Then we can tap into our resources of knowledge and strategy banks. We use the reports hidden in your QuickBooks in order to diagnose and understand your construction business and develop plans and help you implement a path to success for you and you alone because every contractor has unique Strengths, Weaknesses, Opportunities and Threats (S.W.O.T. Analysis) that when understood can lead to a Strategic Roadmap which cannot help but make a lot of money.
If You Are A Contractor You Deserve To Be Wealthy
Because You Bring Value To Other People's Lives!
This Is One More Example of how Fast Easy Accounting is helping construction company owners just like you put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to people like you and me so stop missing out! Call Sharie 206-361-3950 or email@example.com and schedule your no charge one-hour consultation.
Profitable Contractors and Construction Company owners have known about the value of outsourced bookkeeping services and contractor coaching services like ours for a long time and now you know about it too!
We Scan Your Receipts And Invoices link the appropriate transactions to QuickBooks or Xero Accounting Online depending on the construction accounting service you are using and provide ongoing Cloud Based Contractors Bookkeeping Services by accountants who understand construction.
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About The Author:
Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in outsourced construction bookkeeping and accounting services for small construction companies across the USA. He is experienced as a Contractor, Project Management Professional, Construction Accountant, Intuit ProAdvisor, QuickBooks For Contractors Expert and Xero Accounting Specialist and Bill.Com Certified Guru. This combination of experience and skill sets provides a unique perspective which allows him to see the world through the eyes of a contractor, Project Manager, Accountant and construction accountant. This quadruple understanding is what sets him apart from other Intuit ProAdvisors and Xero accountants to the benefit of all of the construction contractors he serves across the USA. Visit http://www.fasteasyaccounting.com/randal-dehart/ to learn more.
Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience. His expertise is construction accounting systems engineering and process development. His exhaustive study of several leading experts including the work of Dr. W. Edward Deming, Michael Gerber, Walter A. Shewhart, James Lewis and dozens of others was the foundation upon which our Construction Bookkeeping System is based and continues to evolve and improve. Follow Randal on Google+