The People That Got You Where You Are Cannot Take You Where You Are Going
All Construction Companies Have Growing Pains - When you started your construction company it was all you or perhaps you had a partner or somebody who was helping with the office work like answering phones, bookkeeping and running a few errands.
Your Construction Company Grew - And you found yourself with problem employees who little by little took over the back office operations and were preventing your contracting company from growing.
Here You Realize - The people who got you where you are cannot take you where you are going! It is a harsh reality that has everything to do with change. The only people who embrace change are wet babies and everyone else hates it.
Passive Aggressive - Employees in positions of authority and especially Bad Bookkeepers become envious of your success and will destroy your contracting company from the inside like a cancerous infection if you don't replace them. The most common reason is they believe you lied to them! Their paradigm is entrenched and not open to personal growth and change. When they joined your business it was small and fun and not a lot of rules just right and now it is become a profit and money tree just like every other successful contractor.
Expansion Isoquants - Are pretty pictures to demonstrate the process of how a construction business grows.
When The Economy Is Expanding - Demand for construction rapidly and almost overnight outstrips supply because so many contractors gave up and left the industry.
Well Intentioned Yet Unseasoned Contractors - Seize the opportunity to grow their contracting company rapidly by haphazardly bidding and winning projects without giving any thought to calculating their construction company Expansion Path Isoquants, infrastructure, logistical support, working capital requirements, Job Costs or Key Performance Indicators (KPI).
There Is Inevitable Chaos - Caused by too much work and not enough labor, material, other costs and subcontractors (LMOS) leads to the contractor becoming a pipe through which money flows with increasing velocity and not in a fun way.
The Answer Is Simple But Not Easy - Which why construction company owners who do the work have the results; cash, capital, freedom and time to do the things they really want to do with their lives while everyone else is looking for a shortcut or an app.
Level One - Dog and Pickup Truck with annual sales roughly $100,000 to $200,000 and a friend or relative doing the bookkeeping.
Level Two - Salt of The Earth with annual sales roughly $200,000 to $400,000 and the demands of the business have outgrown the skillsets of the friend or relative doing the bookkeeping. It is time to outsource to Strategic Bookkeeping Services and move the bookkeeper to executive assistant. This is where feelings get hurt and people feel unloved because they gave you the best years of their life (Actually you paid them in cash, perks and benefits) and now you are putting them elsewhere and taking away their power! This is where a lot of construction company's get stuck because "Environment Trumps Will Power!"
Level Three - Professional Small Contractor with annual sales roughly $400,000 to $5 million. This is the "Sweet Spot" where we see a lot of our clients make a lot of money and begin to focus more on what Michael Gerber calls "Working On The Business; Not In The Business" with a Board of Advisors and a business plan.
Level Four - Enterprise Contractor with annual sales exceeding $50 million are run by people with a lot of heartburn and stress because they are so heavily regulated and watched by everyone from the laborer in the trench to the board of directors and shareholders.
Employees At Each Level - Are not suited to work in the levels above or below. Entrepreneurs like you are the only ones who can transition because you learn to embrace change and when you try to make your staff grow with you it rarely works because they normally will not change.
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This Is One More Example of how Fast Easy Accounting is helping construction company owners just like you put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to people like you and me so stop missing out! Call Sharie 206-361-3950 or firstname.lastname@example.org and schedule your no charge one-hour consultation
Profitable Contractors and Construction Company owners have known about the value of outsourced bookkeeping services and contractor coaching services like ours for a long time and now you know about it too!
We Scan Your Receipts And Invoices link the appropriate transactions to QuickBooks or Xero Accounting Online depending on the construction accounting service you are using and provide ongoing Cloud Based Contractors Bookkeeping Services by accountants who understand construction.
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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+
Don't forget, you can hire our services at FastEasyAccounting.com
Sharie DeHart, QPA, is the President of Business Consulting And Accounting (Fast Easy 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. She offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or email@example.com.