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    Solutions To Reduce Debtor Days For Construction Business Owners

    Posted by Sharie DeHart on Fri, Mar 25, 2022

    Steady, reliable cash flow is crucial for the survival of your construction business – so taking steps to ensure your customers pay promptly is a key priority.
     
    Debtor days refer to the length of time it takes clients, on average, to pay you for the work you've done. A higher number of debtor days means clients take longer to pay you. A lower number of debtor days means clients take less time to pay you, which means there's more cash available for your business to use. 
     
    In the construction industry, debtor days can average as long as almost three months. Shortening that length can have a significant impact on your cash flow.
     
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    Topics: Outsource, Do What You Do Best And Outsoure The Rest, Invoicing, Winning Teams, Clients, Contractor Guidance, contractor delegation

    Best Construction Employee Retention Secrets Revealed

    Posted by Sharie DeHart on Fri, Mar 18, 2022

    Most construction workers are good decent people who enjoy working with their hands making, building, repairing, remodeling, and fixing homes and commercial buildings.
     
    Good construction workers will not tolerate chaos or unfair labor practices. They will try out many construction companies until they find a contractor with a system. Preferably with documented processes and procedures.
     
    Desirable construction workers have these five traits in common:
    • High Self Esteem
    • Strong Work Ethic
    • Always Learning
    • Loyal To Family And Friends
    • Law Abiding Citizen
    Read More

    Topics: Hiring Employees, Outsource, Winning Teams, Contractor Guidance, contractor delegation

    Six Strategies To Solve Your Delegation Problem

    Posted by Sharie DeHart on Fri, Feb 25, 2022

    When you run your own business, it's tempting to take on every responsibility. There are many reasons for doing so: you want something done a specific way because you don't have the time to explain how to do it or because you're not sure someone else can handle the task. 
     
    Delegating saves you valuable time and energy. Sharing duties with your team also fosters a sense of responsibility, engages them, and helps them develop their skills. 
     
    Read More

    Topics: Outsource, Do What You Do Best And Outsoure The Rest, Winning Teams, Contractor Guidance, contractor delegation

    Construction Workers Fully Burdened Payroll Costs

    Posted by Randal DeHart on Thu, Nov 17, 2011

    Thinking About Adding Construction Workers To Your Payroll?

    In Some Cases - You may be better off outsourcing to a professional construction labor service like Madden Industrial Craftsmen especially when you consider the cost of a bad hiring decision.

    Read More

    Topics: Outsource, Outsourced labor, Outsourced Construction labor, Construction workers costs, Construction, fully burdened labor costs for construction worker, Strategic Planning

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