Many entrepreneurs operate with their business processes and systems in their heads. They know what they must do daily and how they want to get things done.
Unfortunately, when a construction business grows, and staff need to be hired – or the owner needs to take time away from the company – it's an absolute liability not having processes and systems documented in one place.
To be in business and to remain in business, become a business person! To run a construction business, you must be business-like. It's not sufficient just to be very good at what you do. Many people who are 'very good at what they do' have failed. The familiar cry: "I'm far too busy for that," is also no excuse. Are you 'too busy' to be a competent businessperson? If so, your construction business won't last long. You must continue to develop your business skills.
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Topics:
Bookkeeping,
Outsourced Accounting,
QuickBooks Construction Accounting,
QuickBooks Do-It-Yourself construction Bookkeeping,
Construction Accounting Academy
Not everyone knows construction accounting, and it is easy to assume all accounting is the same. Even if you have outsourced your financial functions, as a small construction business owner, having a solid understanding of critical financial concepts is crucial to work with your advisor and 'speak their language". This article outlines several essential concepts that every small business owner should know.
Construction is a tricky business, and people's failure is expected. Most of our clients have either failed or come very close. It doesn't matter how many times you are knocked down; it only matters that you learn your lessons, get up, and go again. We noted these lessons years ago, owning and operating our construction company. By building a system and gaining insight from us, you can pick up from our mistakes, which you don't have to go through and can start avoiding before it comes crashing down.
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Topics:
Bookkeeping,
Outsourced Accounting,
QuickBooks Construction Accounting,
QuickBooks Do-It-Yourself construction Bookkeeping,
Construction Accounting Academy
