Hiring, maintaining, and feeding employees is not the measure of success. Owner-Operators can open his or her business and do all the work themselves. Moreover, some construction business owners still go by "No Skills Required." Thinking that "The jobs we do are simple. It's easy, and anybody can do it …that's why they think you can too!" They say things like, "You can start right now. Let's not waste time on an employment application/background check and other stuff. No Training Required - I trust you to do the most skilled functions in my business because you need a job."
Your thinking patterns and what you think about the most is why you are where you are now. It is worth noting there is no profit in chaos and the sooner you understand that, the better.
When you have a Business Strategy, everything changes in your life and your construction company because you will see everything in a different light. You may find yourself with a different caliber of friends because of the leveling up process.
Birds and people flock together with others like themselves because it is comfortable. It only makes sense to soar with eagles rather than keeping your head down pecking at the ground with the chickens.
Your income is typically within 20% of the average of the six people you spend the most time with.
Leveling Down - If you spend most of your time at the "Contractors Business Round Table", this is a little round table in a tavern with a pitcher of beer and several contractors all earning $40,000 a year or less telling each other how to run their businesses then your income will hover between $32,000 and $48,000 (20% plus or minus $40,000).
Leveling Up - As you develop your Business Strategy for your construction company, your income is likely to increase. The impact on your friends will not be pleasant as you will be proving that reasonable people can win in the construction game by playing it with high moral and ethical standards and the willingness to try something different.
You will attempt to share your discoveries with your existing friends, and you will quickly discover they are not interested! After a while, your constant attempts to change their paradigms will irritate them, and you will drift away or be asked to leave.
The next thing that frequently happens is you will be drawn into a different circle of construction business owners who already know what you now know.
Since the six people you spend the most time with now are earning $100,000+ a year, what do you suppose your income? There is a good chance it will grow, and you could have a million dollars of wealth someday.
Einstein has proven - energy and matter are the same things in different forms; therefore, you will become what you think about. So what you think about will influence your thoughts, which will affect your actions which will impact your wealth, which you will use to raise everyone's standard of living because the "Rising Tide Raises All Ships."
Conclusion:
We help a little or a lot depending on your needs. I look forward to being able to assist you with any option that best fits your company.
About The Author:
Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 206-361-3950 or sharie@fasteasyaccounting.com
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