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Uniquely Highly Profitable Contractors Target High-Profit Enjoyable Clients

Posted by Sharie DeHart on Fri, Jun 23, 2017

Every Construction Contractor Has Clients Who Want To Help

Part of the reason is that they want to be sure the project is moving and things are being done. Other times the goal is to hopefully save money.  

In many cases, the most helpful thing a client can do on a project is keeping the area clean, pets under control and children out of the way. Anything other than that and you, the contractor could be at risk of losing everything you own or ever will if your client or customer is injured while working on your construction project even though it was their home or business.

There is a reason why most automotive repair shops have a sign like the one shown below and as a construction contractor, you would be wise to have signs professionally made and use them on every construction site.

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Topics: Do What You Do Best And Outsoure The Rest, Outsourced Accounting For Contractors

Highly Profitable Contractors Continually Adapt To change

Posted by Sharie DeHart on Fri, Jun 16, 2017

Every time the phone rings you need to be willing to question what do they need are how far are you willing to drive to bid the job and do the work. Some types of work accepted or rejected may be based on the location of the job or by the state license.

When starting out one of the first decisions to be made is “What Type Of Contractor Am I?” This decided during the process of the contractor talking to the Bonding Company, Insurance Company and The State Licensing Board who approves the company’s Contractors License.

The Primary Questions to be answered are:

  • What level of exposure, risk and your skills?
  • How do you want to do these projects?
  • Are you most comfortable being a Handyman?
  • Are you most comfortable being a Trade or Specialty Contractor?
  • Are you most comfortable being a General Contractor?
  • Are you most comfortable being a Remodel Contractor?
  • Are you most comfortable being a Home Builder?

The Four Types Of Contractors...

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Topics: Business Coaching, Construction Business Consulting, Business Process Management For Contractors

Contractors Are Skilled In Construction But Not Usually In Construction Accounting

Posted by Sharie DeHart on Fri, Jun 09, 2017


Almost every Contractor understands how to do basic repairs and remodels on a house.  
As the project grows it gets a little more complicated.
Is it a kitchen remodel, a bath remodel, upgrading the laundry area? Building a Deck?
Adding a second story addition? Adding a garage? 

Your Construction Accounting System started small and easy. Perhaps you tracked everything with bank statements and Excel sheets and it worked fine for a while.

Later as your Construction Company grew and you began to wonder where you are making and losing money (Job Costing) and you realized you need to better understand Construction Job Cash Flow you purchased QuickBooks thinking it was "Quick" and that is when the trouble started...

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Unique Proven Marketing Tips For Your Contracting Company

Posted by Sharie DeHart on Fri, Jun 02, 2017

For Most Construction Contractors Your World Is “Hurry Up” And “Wait.”

  • Hurry up and answer the Call from the Customer.  
  • Wait to make the appointment.  
  • Hurry up and get to the job.  
  • Wait for the Customer to come home, to be available.  
  • Hurry up and create the proposal.  
  • Wait for a decision.  
  • In some cases, the Customer says “Yes” and then it is Wait for the Job Deposit.
  • Wait to Start The Job
  • Contractors doing Insurance Work are expecting to wait for Approval from the Insurance Company
  • Wait for the 1st Installment from Insurance Company
  • Wait for Inspection By Insurance Company
  • Wait to collect Homeowner’s Deductible
  • Wait for Final Payment By Insurance Company

All of this Hurry Up and Wait for activity makes it hard for The Contractor to schedule other jobs.
Many contractors are only holding a place open for the customer once a job deposit has been received.

There Is A Better Way - Fill The Funnel And Let Them Clamor To Get On Your Schedule!

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Topics: Construction Marketing, Contractor Marketing

Multiple Contracting Companies In QuickBooks Leads To Catastrophic Ruin

Posted by Sharie DeHart on Fri, May 26, 2017

Contractors, Bookkeepers and Tax Accountants are trying to keep everything all in one place. That is great. A single bank account on the surface is the answer in simplicity.

Sharie’s Cash Management 101 Training I Teach Contractors Please Do Not Do This!

Why – when putting everything in one bank account; it could be a FINANCIAL DISASTER.  
Go to Home Depot, Lowes or any other larger store.  
Use your debit card; Drop or lose your debit card,
Someone finds it and buy stuff until he or she have spent all your money!
(may be a little harder with the chip but how many places can you run your debit card as a credit card?)  

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Topics: Outsourced Accounting For Contractors, Multiple Construction Companies In QuickBooks

Untrained Construction Bookkeepers Are Too Costly

Posted by Sharie DeHart on Fri, May 19, 2017

Construction Bookkeepers Without Training Is A Common Problem

Many Construction Bookkeepers start out as Admin Assistants and get promoted to doing the Contractor's Bookkeeping in their free time. They were not hired to be a bookkeeper but as an office person who does a little data entry.

This method not too bad if the employee stays a long time and grows with the company from owner working solo to gradually adding a few employees one at a time because as Randal says:

Growing By The Inch Is A Cinch; Growing By The Yard Is Hard!

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Topics: Construction Bookkeeping, Contractors Bookkeeping Services

Unique High-Profit Contractors Count All Their Income

Posted by Sharie DeHart on Fri, May 12, 2017

The Ripple Effect Of Not Counting All Your Income Happens When You Go To The Bank For A Loan

You need to be able to show the bank that you have enough sales to pay back the loan. For most contractors, an excessive amount of profit is NOT an issue.

There are always more than enough expenses that happen naturally in your Construction Company. And there are always tools that need to be purchased, repaired or replaced.

As 2017 tax season is finishing, I have heard from owners and employees who say. This Income or That Income doesn’t count. The fact is it all Counts.

The underground economy may be there but don’t count on the information being a secret. Between Memberships, rewards cards and using a credit card purchases are being tracked everywhere by somebody. (Some contractors think buying a truck for cash is not traceable).

Play it straight, report all of your construction company income and if your QuickBooks setup is done right and the bookkeeping entries are clean more often than not you may get a big fat tax refund!

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Topics: Contractor Bookkeeping Services, Cash Flow, zLien

How To Show Clients Every Model and Upgrade From Your Office

Posted by Jason Vander Griendt on Fri, May 05, 2017

Today's Guest Article Is From Jason Vander Griendt Of Render 3D Quickly

Check out Render 3D Quickly!

Render 3D Quickly is a company that takes appreciation of architectural aesthetics to a whole new level. The company does this through high-end 3D architectural rendering. They use the latest in 3D rendering software, competitive pricing, quick turn-around times, and a team of professionals that are highly trained experts in their field.

Bring it to life through animation
The 3D rendering is a program that allows interior designers, architects, builders, contractors, and developers to see, using 3D models and animations, what a project will look like before delving into it. The company has satisfied customers not only in the United States and Canada but China and Europe as well.

The 3D rendering program allows for flexibility in the design and specifications with least of effort. It also takes care of exploring the possibilities limitlessly as well as pushing the envelope at the seams.

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Topics: Rendering 3D, 3 Dimensional Rendering

Proven Contractor Bookkeeping Road Map

Posted by Sharie DeHart on Fri, Apr 28, 2017

We Make Contractor Bookkeeping Look Easy

Because we do it every day, Monday through Friday and some holidays. This makes it over 300 days per year. With multiple clients, we are not new; it’s not new.

The same goes in your field of Construction. You do many of the same things over and over again. The end result is so clean and tidy, when the customer is watching you it looks like it was effortlessly done. That’s so simple “Why Couldn’t I Do That.” When I tried, it seems to be “A Lot Harder.”

Everyone has a skill set. Construction Bookkeeping and Construction Accounting is what we do. I confess – we think we find it easier having come from a Construction Background (for Randal growing up in a construction family and for us personally having started, owned, operated several Construction Companies).

We can speak with conviction about the basics and the more complex issues as you grow your Construction Company, Handyman Company, Trade Contractor or any one of the dozens of Construction Company types we serve.

Short List Construction Contractors We Serve

Brand New Construction Company Handyman Company
Cabinet Installer HVAC Contractor
Carpentry Contractor Insulation Contractor
Carpet And Tile Contractor Interior Designer
Commercial Tenant Improvement Contractor Land Development Company
Concrete Contractor Landscape Contractor
Construction Company Masonry Contractor
Construction Manager Mold Remediation Company
Contracting Company Moss Removal Company
Contractor Painting Contractor
Custom Deck Builder Plumbing Contractor
Custom Home Builder Pressure Washing Company
Demolition Contractor Remodel Construction Company
Drywall Contractor Renovation Contractor
Electrical Contractor Restoration Contractor
Emerging Contractor Roofing Contractor
Excavation Contractor Spec Home Builder
Finish Millwork Contractor Specialty Contractor
Flipper House Contractor Subcontractor
Flooring Contractor Trade Contractor
Framing Contractor Underground Contractor
General Contractor Utility Contractor
Glass Installation Contractor Construction Employee
Gutter Installation Company Construction Support Specialist
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Common Myths And Misconceptions About The Construction Industry

Posted by Mike Pierce on Fri, Apr 21, 2017

Today's Guest Article Is From Mike Pierce

As with most professions, there are various misconceptions and stereotyping in regard to construction work as well. Here are a few of the most common myths in regard to the construction industry:

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Topics: Construction Boots, Myths About Construction

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