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Business Systems: Your Guide to 9 Small Business Trends

Posted by Betty Moore on Fri, Dec 08, 2017

Today's Guest Article Is From Betty Moore

Great can be the Level of our returns when we are informed on various trends needed to structurally run any business size. From the biggest commodity to the smallest, biggest service providers to the smallest. Every successful entrepreneur can testify that these trends are inevitable tools for a constant and successful business growth. So, here are nine small business trends which you may want to apply to your business.

Building your own construction company easily. Learn from experts!

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Topics: Business Coaching

Unique Secrets To Starting A Highly Profitable Handyman Company

Posted by Sharie DeHart on Fri, Dec 01, 2017


Basics of Starting Your Handyman Company

Sometimes it hard to know where to begin when starting any Construction Company including a Handyman Company.

  • First Place to decide what type of contracting business do you want to start.
  • For many contractors, the Place To Begin is to choose to be a handyman.

Why do I suggest a Handyman?

  • No one expects a Handyman to have the skills of a High-End Finish Carpenter.
  • It will give you an opportunity to try many things.
  • Learn how to make simple repairs.
  • Determine what you like to do and learn the skills associated with that trade.
  • Many states have a basic license for the Handyman.

The best place to learn about starting up and operating a highly profitable Handyman Company is Dan Perry Handyman Startup. Here is a link to his online course that is only open twice a year. Get on the list.

The next steps are all about Company Structure. We recommend being an S-Corp because it has several benefits over any other structure like LLC, C-Corp, and Partnership.

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Topics: Handyman Success Secrets, Dan Perry Handyman Startup

What To Ask An Accountant When Meeting One For The First Time

Posted by Karen Watson on Fri, Nov 24, 2017


Today's Guest Article Is From Karen Watson

Professional Bookkeeper Currently Works At Balancing Books Bookkeeping

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"Running a business is a piece of cake” – said no one ever.

Achieving success requires you to study a lot of things. Assuming that time and effort is needed is an understatement. Running a business covers a lot of areas such as product, price, promotion, and place.

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Topics: Bookkeeping Services

Highly Profitable Contractors Continually Improve Their Processes

Posted by Sharie DeHart on Fri, Nov 17, 2017


Successful Contractors Improve Processes All Year Long

As the end of the year approaches it is time to see about loose ends in paperwork and forms. Ask employees to review their taxes withheld to date. Do they want to make any adjustments for the current year?

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How Can Cause and Effect Analysis Help You Solve Business Problems

Posted by Lori Wade on Fri, Nov 10, 2017

Today's Guest Article Is From Lori Wade

Content Writer And Career Specialist For College Students

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Problems happen in any business. When it comes to small businesses, about two-thirds of them actually survive 2 years, half of them survive 5 years, and only one-third survives 10, according to data provided by Fundera website. The statistics for large businesses is probably as saddening as this one.

The problems are what causes businesses to fail. At the same time, fearing problems is not the way out. Instead, business owners need to learn from them as well as learn how to solve them.

 

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Topics: Cause And Effect

Unique Highly Profitable Contractors Use Job Costing And Financial Reports

Posted by Sharie DeHart on Fri, Nov 03, 2017

Successful Contractors Find Keys To Growth And Profit In Their Accounting

Halloween is the official Kickoff of the Holiday Season. Kids dress up as anything from Princesses to Pirates and every TV character in between. Time of smiles, giggles and lots of “pixie dust” and “magic wands.” Time for “Santa and his reindeer” to visit the malls with a fresh supply of Cookies and Candy.  
Wait, let's not forget Thanksgiving with Turkey, Dressing, Yams, Mashed Potatoes, Gravy, Fruit Salad, Pumpkin Pie, Ice Cream and lots of Egg Nog. All of this leads to us in January wishing we ate less and exercised more in hopes to keep the pounds on and matched by the pounds off for a net gain of Zero.    

Software and the desire to do everything with our phone is the “Grownup’s Version” of the Candy Store all year long.

  • With a couple of clicks on my phone, I want to Buy Something
  • Pay For Something
  • Get Paid Immediately From My Customer
  • Have all of the money go in or out of my bank account
  • Now how do I then make all the transactions magically go to an accounting system
  • Give me nice detailed reports
  • Help me make simple and complex decisions



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Topics: Contractor Bookkeeping Services, Job Costing

Construction Accounting Secrets For New Contractors

Posted by Sharie DeHart on Fri, Oct 27, 2017


Construction Accounting Basics For Construction Contractors

Construction Accounting is not a natural mindset for Construction Contractors. Construction Accounting has own language. Regular Accounting the language is Income Minus Expenses Equals Net Profit.

Construction Accounting is Income Minus Cost of Goods Minus Overhead Equals Net Profit. That simple little thing called Cost of Goods Sold is the primary difference between Regular Accounting and Construction Accounting.

Understanding that difference and how it relates to Job Costing and Job Profitability can get contractors like you firmly on the road to financial freedom.

 

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Topics: Outsourced Accounting, Assisted Do-It-Yourself Contractor Bookkeeping

Essential SEO Tips for Contractors

Posted by Chris Richardson on Fri, Oct 20, 2017

Today's Guest Article Is From Chris Richardson

Are you a contractor that is looking to improve their SEO so that you can earn more clients? When it comes to SEO you can always find new ways of doing things in order to improve the quality of the end result, which is to gain higher results in the search engine results pages. This consequently leads to more customers hiring your services as a contractor.


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Topics: Contractor Marketing, SEO For Contractors

Unique Ways Highly Profitable Contractors Reduce Taxes

Posted by Sharie DeHart on Fri, Oct 13, 2017

Contractors Reflect On This Year's Results As The Last Quarter Begins

Going into the last Quarter of the year. Time for some basic reflection about taxes. Officers in S-Corps tend to take payroll later in the year. Now is the time if you have not already been taking payroll. Don't wait until it is time to prepare your Construction Company tax return.

Next review your Estimated personal Taxes paid to the IRS. How much did you pay in taxes for the current year? Internal Revenue expects that you have paid a percentage Federal Taxes before the end of the year.  

Reviewing Federal Withholding for yourself and your employees to avoid surprises when your annual taxes are filed. Contractors who file as a Sole Prop or as an LLC fining as a Sole Prop tend to forget that payroll taxes on their net income is due. I call this “Chef’s Surprise” as it is based on Net Income. Everyone wants the last few jobs to pay before the end of the year.

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Topics: Save Money On Income Taxes, Checklist For Income Tax Preparation

How to Write a Winning Contractor Resume

Posted by Mary Walton on Fri, Oct 06, 2017


Today's Guest Article Is From Mary Walton

 Mary Walton is one of PhD Thesis Writers, community for students who are in the process of dissertation writing. Mary has a blog - Simple Grad, where she shares her knowledge about college life. Also, she is an editor and proofreader at Research Paper Writing Service.

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The contracting industry is one of the most highly competitive business industries and you’re going to need a winning resume on your side if you want to stand any chance of standing out among the rest of the people in the same position as you.

There’s so many different aspects to consider and approaches you could take, but at the end of the day, all that matters is that your resume lands you your next job. Today, we’ll explore a few ways you can create this resume for success.

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Topics: Contractor, Contractor Resume

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