FEA Randal And Train
Bookkeeping Trial Test Drive
Outsourced Accounting
Contractor Bookkeeping Templates For QuickBooks And Xero
1-800-361-1770

    Proactive Contractors Increase Profits On Crests Of Economic Waves

    Posted by Randal DeHart on Tue, Jun 19, 2012

    If You Want To Profit Massively From Riding The Economic Crests Read On...

    Our First Construction Business - In the early 1970's it became painfully obvious there were signs the more experienced construction business owners could read and interpret that I couldn't. They were easy to spot because they were the happy contractors in a sea of blue faces.

    Contractors Bookkeeping Services

    I Asked Several Of Them - What was their secret and got several answers back. Here is a sample of some of the best and most profound answers that in time proved to be extremely valuable:

    • When The Student Is Ready The teacher Appears (O.K. I'm ready!)

    • If You Know The Answers The Questions Will Not Bother You (Really is that all?)

    • Are You Watching The Truck Ads On T.V. And Newspaper? (Trucks? I Need Answers!)

    • Open Your Mind And See What Other Contractors Are Missing (I am the other contractor!)

    • Know The Difference Between Strategy And Tactics? (Yes, Of Course! Wait My Pager Is Beeping)

    • Have You Ordered Pizza Lately And Observed The Mannerisms And Vocabulary Of The Driver? (I Give Up!)

    • Have You Seen The Inventory Levels At The Building Supply Warehouses? (Are You nuts? Who has time for that?)

    • Develop A Business Plan With Milestones And Strategic Objectives To Benchmark Against (Finally, something I Have)

    Answers Not Riddles - At the time it seemed all I got was riddles when what I needed was actionable intelligence that could be implemented in our current Strategic Business Plan not now; but right now!

    As It Turned Out - I had all the answers I needed, I just was not ready for them. See the first answer and you will understand.

    We Had A Strategic Business Plan - Carefully documented in several three ring binders, handwritten by a scribe working under now existent incandescent light bulbs. Imagine the guy below with blonde hair and horn rimmed glasses.

    Fast Easy Accounting Strategic Bookkeeping Services Construction Company Business Planning Specialist

    It Took A Few Years - For the answers I had been seeking to reveal themselves I had to follow Ralph Waldo Emerson's advice: "Get your bloated nothingness out of the way of the divine circuits.” All of the answers listed above and hundreds more like them in my script books contain a lot of insights you simply need to see what is not there.

    Example #1 - When you see an increase or decrease in the quantity and quality of pickup truck advertisements on T.V. and newspaper it could mean the manufacturers who have the resources to spend millions of dollars on market research know the construction market is turning up or down.

    Example #2 - Take your material supplier sales representative to lunch and ask for a tour of the warehouse. It is not rocket science to see when inventory levels are up or down to know the state of the construction market.

    Example #3 - Believe it or not, when construction slows down a percentage of contractors will take jobs in food services and in many cases those that involve driving like pizza delivery. Does the pizza delivery person have callouses on their hands? Do they look you straight in the eye? Do they appear to be awake and alert? I suggest construction is down. When you see them disappear I suggest construction is on the way up.

    The Most Valuable Answer - Came in the form of a question: "What does your business coach say?" I answered not much, we talk all the time, and in fact I saw him in the mirror just this morning.

    Obviously I Understood - The point and knew it was time to get a coach. Over the years I have engaged a variety of coaches, some good, some astoundingly awful and a few very exceptional ones.

    Why Do I Need A Business Coach? - Is what a lot of contractors have asked us over the years and I would use piles of statistics, reach deep into my mental archives and bring out an example or a story that I could use to relate to the contractor the value of coaching.

    We Stopped Doing That - And took a lesson from Stephen Covey "Seek first to understand and then to be understood."

    Coaching Is Not For Everybody - Neither is being a construction accountant or an astronaut or a Physicist.

    This Short Video - Says more about the value of having a business coach in 41 seconds than I can in an hour and may help you decide if coaching is right for you.

    Using What You Learned - From some of the information above you can decide for yourself if construction is picking up and take steps to get your Business Process Management System in place and begin developing your Business Strategy to Optimize not Maximize. That is a very important concept; race cars maximize and burn out quick, family sedans go for the long haul.

    If You Decide Construction - Is picking up and you want to know look at some options to find out how we can help you map out an expansion path please contact Sharie at 206-361-3950 or by email sharie@fasteasyaccounting.com

    Contractors Bookkeeping Services

    You Do Not Need - To have a business in place yet to talk to us and get an idea of the ways we can help. If this is you we have a special link with more information here New Contractors Start Here

    If This Is Your First Visit - To Fast Easy Accounting we invite you to browser around, bookmark your favorite pages, come and go as you please and make yourself at home because everyone is welcome here.

    Make Comments - We don't have restrictions or make you try to figure out the secret code and there is no warden sitting behind a computer screen deciding if you are worthy of commenting. You are worthy, speak your mind and be heard. All we ask is keep it clean and something your Mom and Dad would not be embarrassed to read.

    Download Samples - We ask some basic information for tracking purposes; however, each downloadable page has an option of "Not Yet" which means if you check that box we will honor your wishes.

    Fast Easy Accounting Strategic Bookkeeping Services Respects Your Privacy

    When You Are Ready - To contact us in person simply let us know by phone 206-361-3950, email sharie@fasteasyaccounting.com, USPS mail 19909, 64th Ave West Suite B, Lynnwood WA 98036, Facebook, Linked In, Twitter, Carrier Pigeon, UPS, FedEx whatever is easiest for you.

    QuickBooks Expert Specializing In Construction Bookkeeping Services

     

    About The Author:

    Randal DeHart, PMP, QPA The Construction AccountantRandal 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 and QuickBooks For Contractors Expert. This combination of experience and skillsets 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 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.

    Topics: Economic Crest, Business Coaching

    Download Our Free App For Construction Contractors

    click to download the Contractors APP now from the App Storeclick to download the Contractors APP now from the Android store

    Access Code: FEAHEROS

    QuickBooks Setup And Chart of Accounts For DIY Contractors

    accounting articles

    Subscribe by Email

    How Can We Help?

     
    Contractors Bookkeeping And Accounting Services

    Who We Help

    How We Help

    Next Step

    FAQ's

    Contractors Bookkeeping And Accounting Services

    Outsourced Construction Accounting Services For Contractors All Across The U.S.A. By Fast Easy Accounting 206-361-3950

    Serving Construction Contractors
    Across The U.S.A
    Including Alaska
    And Hawaii

    Podcast On iTunes
     
    Click Here To Listen In iTunes
    Contractor  Success M.A.P.
    Contractors Bookkeeping And Accounting Services

    Remote Access Your QuickBooks  Using Secure Servers

    Outsourced Bookkeeping Services For Contractors At Fast Easy Accounting

    Contractors Bookkeeping And Accounting Services

    T Sheets Pro Advisor Fast Easy Accounting

    Mobile Time Cards 

    Eliminate the job site to office paper shuffle

    Start My Free 14 Day TSheets Trial  

    Connect With Randal DeHart Google+
    Contractors Bookkeeping And Accounting Services

    Fast Easy Accounting Construction Accounting Specialists Member Of National Association Of Home Builders NAHB

    Contractors Bookkeeping And Accounting Services

    mbamember

    Join Our MBA Network

    Most Popular Posts

    Read the Latest:

    Browse by Tag

    badge

    Blog Suggestion Box

    We Remove Contractor's Unique Paperwork Frustrations

    Quickbooks certified proadvisor

    Xero-Accounting-Services-Fast-Easy-Accounting

    Financial-Intelligence-And-Performance-Reporting-Tool-Fast-Easy-Accounting Hubdoc-Document-Collection-and-Management-System MBA Member Fast Easy Accounting 206-361-3950
     
    contractor-success-map-podcast-listen
     
    Don't forget, you can hire our services at FastEasyAccounting.com
     
     
    How To Use Our Services