A Real-World Guide for Small Construction Business Owners
If you run a small construction business, you've probably worn every hat—from estimator and foreman to project manager and, yes, bookkeeper. Initially, doing the books yourself may have seemed manageable. But now, as you grow, you might be asking:
"Do I need a bookkeeper, or can I keep doing this myself?"
It's a valid question—and the answer depends on where your business is, where it's going, and how you manage your time and money.
As construction bookkeeping specialists, we've worked with both first-time business owners and seasoned contractors. We've seen the difference it makes when you stop guessing at your finances and start getting reliable, real-time information from a professional.
This post will break down the pros and cons of DIY versus hiring a bookkeeper, helping you determine which option is right for your business at this time.
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Topics:
outsource bookkeeping,
Construction Bookkeeping And Accounting,
outsourced construction accounting and bookkeeping,
Assisted Do-It-Yourself Contractor Bookkeeping,
contractor bookeeping services,
Construction Systems And Processes,
Boost Construction Profitability
To be in business and to remain in business, become a business person! To run a 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 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.
To be a businessperson, you have to make an effort to become something of an 'all-rounder,' not just a specialist player. You can offer outstanding goods or services, but if you don't develop sound business systems, you are not a fully rounded businessperson, and your business will be in danger of failing.
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Topics:
outsource bookkeeping,
outsourced construction accounting and bookkeeping,
Outsourced Accounting,
Do What You Do Best And Outsource The Rest,
Contractor Tips,
Work-Life Balance
Outsourcing can offer a range of advantages for small construction businesses in today's competitive market. Not only does it reduce costs and free up valuable time for owners to focus on growing their business, but it also provides access to skills and expertise that may be unavailable in-house. Small construction businesses can streamline operations, increase productivity, and scale faster than ever by working with external professionals or firms who work in certain areas.
Because a small business focuses on survival, you pay much attention to the bottom line. This makes much sense, but it also leads to being seriously overworked.
Contractors are under increased pressure to cut their prices to get enough work. And that means they need to reduce costs. New technologies and approaches in cloud computing for construction accounting give forward-thinking contractors a fantastic ability to get more for less -but in most cases, contractors' heads are still stuck in 1990, thinking they have to do everything themselves.
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Topics:
outsource bookkeeping,
outsourced construction accounting and bookkeeping,
Outsourced Accounting,
Do What You Do Best And Outsource The Rest,
Contractor Tips,
Work-Life Balance
When you start a small business, it's usually only you behind the whole operation. You wear many hats, from CEO to clean-up crew. As you pour your heart and soul into your business and it begins to grow, the amount of work involved grows.
Because a small business focuses on survival, you pay much attention to the bottom line. This makes much sense, but it also leads to being seriously overworked.
These days, contractors are under increased pressure to cut their prices to get enough work. And that means they need to reduce costs. New technologies and approaches in cloud computing for construction accounting give forward-thinking contractors a fantastic ability to get more for less -but in most cases, contractors' heads are still stuck in 1990, thinking they have to do everything themselves.
Read More
Topics:
Strategic Outsourced Bookkeeping Services,
Construction Company,
Outsourced labor,
outsource bookkeeping,
Outsourced bookkeeping,
outsourced construction accounting and bookkeeping,
Do What You Do Best And Outsource The Rest
