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We work with general contractors, remodel contractors, commercial tenant improvement contractors, handyman and specialty trade contractors like you across the U.S.A.
Which just goes to show you that almost ANY contractor can generate enough cash flow and profits from their business to turn their contracting company from a People dependent money pit into a Process dependent cash cow and have the freedom they dreamed of when they started contracting!
That's why we're here--to help your contracting company do just that
In 2009, the US Census Bureau reports all housing units total over 130,159,000 and according to our research there are over 8,000,000 commercial buildings in the US and only 729,000 contractors. Roughly speaking there are 190 prospective customers for every contractor.
Due to the unusual downturn in the economy beginning in 2008 a substantial number of contractors have left and will never return which means when the economy turns around and it will the pent-up demand for contractors will exceed the supply and all contractors will be in a position to make a lot of money.
Year over year and regardless of the economy one thing never changes; 20% of the contractors earn and keep 80% of the profits because they have a Business Process Management Strategy like our Contractors Success M.A.P. that tells them how, what, when, where and why to focus their limited resources on the M.A.P. = Marketing / Accounting / Production.
The 80/20 Rule Combined With Business Process Management
Can Improve Your Life In Ways You Never Dreamed Possible!
20% Of The Construction Companies - Share the Top 80% of the profits which the owners and shareholders use to support lavish lifestyles because they know what to do, when to do it and how to do it!
80% Of The Construction Companies - Share the Bottom 20% of the profits which the owners and shareholders use to support just above or just below average lifestyles because they don't know what to do, when to do it or how to do it!
The Secret Is In Thinking Patterns And Habits
Success is a few simple disciplines practiced everyday
Failure is a few errors in judgment repeated everyday
Two Sample Remodel Contractors - Each operating in the same geographical area with similar size crews doing roughly the same type of work for homeowners with similar demographic and psychographic profiles.
Contractor #1 Has A Business Plan - And focuses on activities that have the highest likely hood of generating a quick result. The 80 20 rule for business. They work closely with their business coach to continually update, develop and implement their custom strategy. They needed a business coach who gets his hands dirty, not only an idea man but an implementation man! Someone who understands and can teach them how to use the Five Key Performance Indicators.
There Is Duality In QuickBooks Reports
What You See And What You Don't See
What Do You See - When you look at the two Profit & Loss reports above?
Most People See Only Two Things:
Income is close to the same for each contractor
Net profit is over twice as high for contractor #1 as it is for contractor #2
What You Don't See - Are the dozens of things contractor #1 has done to lower the Direct Construction Costs and outsource the bookkeeping services which have resulted in more efficient operations.
Not sure where to go from here?
Let us help you craft your own unique program just for your contracting company and help you gain clarity on how to set your business up to create a 6 Figure income
We Are Construction Accounting Experts Specializing In Construction Bookkeeping Services For Contractors All Across The USA Including Alaska And Hawaii
About The Author:
Randal 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, QuickBooks For Contractors Expert and Xero Accounting Specialist and Bill.Com Certified Guru. This combination of experience and skill sets 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 Xero 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.
Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience. His expertise is construction accounting systems engineering and process development. His exhaustive study of several leading experts including the work of Dr. W. Edward Deming, Michael Gerber, Walter A. Shewhart, James Lewis and dozens of others was the foundation upon which our Construction Bookkeeping System is based and continues to evolve and improve. Check out our Contractor Success Map Podcast on iTunes and Follow Randal on Google+Follow Randal on Google+