If You Are In This Contractor Group - You are the second largest group of the Four Types Of Contractors. Together you and your like-minded contractors combined production is more than the Enterprise Level Contractors due to the number of contractors similar to you.
Here Are A Few Statistical Production Averages Per Person Where You Do Well:
Sales Dollar Volume Per Job
Sales Dollar Volume Per Month
Sales Dollar Volume Per Year
Marketing Cost Per Dispatch
Dollars of Revenue Per Billable Hour
Percentage Closed Sales Per Dispatch
Billable Hours In Standard Eight Hour Day
Your production average - Per person is not as high as Dog And Pick-Up Truck Contractor however it is close because you have implemented systems, processes and procedures.
Your Company Has Implemented - Some Business Process Management Initiatives, Six Sigma Initiatives, BGC Matrixes, 80 20 Construction Rules and other profit and growth strategies.
This is according to our research and contractor studies we have been engaged in since the early 1970's.
You Are A Wonderful Soul - Due to the number of times you have been involved in litigation, negotiations, defections of key staff and customers and the number of earth shaking massive disappointments you have experienced has toughened you up and you tend to keep your guard up.
One Of The Most Heart Wrenching - Tasks you have had to do is upgrade management staff because in order to get here you needed to change your staff several times. The people who helped you start the company would not adapt to change so you had to change people. The people who helped you grow the company from Salt of The Earth to Professional had to be replaced because sadly they would not adapt to change.
These Growth Events Are Called Expansion Isoquants - And if you planned for them they were fast and easy; however, if you did not it was hard and painful.
Your Company Now Has A Structured Approach - And you tend to operate more like a firm than a construction business.
Your Firm Has - Formal organizational charts, processes and systems including a formal documented business plan which is updated and reviewed regularly with a board of advisors as outlined in my article on the subject.
Your Firm Invests Heavily In Marketing - You understand your target market, and use The 80/20 Rule to understand the demographics and psychographics of their prime customer, the ones who generate 80% of the cash and income. You are always seeking to acquire more of them and will do whatever is economically feasible to turn those customers into lifetime repeat business.
Your Firm Usually - Engages the services of a competent financial planner, banker and accountant to work together in helping plan and develop a financial estate that can take care of the officers and key employees in their senior years
Your Firm Normally - Has or is developing a succession plan to sell or pass on the firm to future generations.
Your Firm Operates - As C-Corporation, LLC or Sub-S or Partnership.
The Owners Generally Earn - $100,000+ a year after all expenses
Your Bookkeeping Needs Are - Fairly complex and in most cases we handle all your bookkeeping using our Cloud Based Bookkeeping System and 24 Hour Bookkeepers including Pay Applications, Payroll Processing, Quarterly Reports for a surprising low cost. Business coaching is included at no additional charge along with access to The SnoKing Contractors Center.
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 you 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.
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 sharie@fasteasyaccounting.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:
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+