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Secrets Of Successful Construction Companies
Contractors Often Ask Us - why some of their competitors Construction Company owners make a lot of money than they do when they are both doing similar work.
Here Are The Top Five Secrets - We used in our Construction Companies in the past and that we see successful Construction Company Owners doing now that keep them in the top 20% of the income producers.
#01 They Know What They Want - From their Construction Company. They took the time to think about what they want and they wrote it on a piece of paper by hand in cursive, just a paragraph or two and they keep in a private location. Somewhere they can see it when they want; which is at least once a week and they hold that vision in their mind.
#02 They Plan Their Work And Work Their Plan - Sounds simple right? Well it is and here is the overall strategy for your Business Process Management (BPM) System and the main tool to start with is a copy of this Business Plan Software. It will be a lot of work; however, there is system for everything and once you know the answers the questions will not bother you...get a copy of Business Planning Software and schedule a Free One Hour Consultation with Sharie to review your current situation.
#03 Bread For The Head - They feed their mind and most of them have a library card, yes in this day and age they have a library card. They read good books on a wide variety of subjects, biographies of successful people, books about art and science, social issues, philosophy and other subjects. Get a library card. To get you started we have a webpage with a list of the most popular books this group reads and re-reads regularly Recommended Reading List Then click on Thoughts And Inspirations.
#04 They Understand Leveling - Which means they spend time with people who will support them and whom they can support. Read more about this concept in Think And Grow Rich, By Napoleon Hill and pay close attention to the discussion regarding the "Master Mind Group". Be careful, that term has been hi-jacked and there are many jolly jokers out there putting together so called "Master Mind Groups". Study Napoleon Hill's Book Think And Grow Rich and you will know the right group when you find it.
#05 They Build Their Construction Company - Like a Parthenon supporting it with many pillars of M.A.P. and processes all wrapped inside their Strategic Business System; because they understand the true meaning behind the phrase "The System Is The Solution"
A Lot Of Not As Successful Construction Companies - Build their Construction Company on the Diving Board Principle..."Systems? Processes? Business Plan? Are you crazy? Who has time for that stuff? Our plan is simple we plan to make a lot of money!" This reminds me of the phrase "Leverage Is Great....Until The Stick Breaks!
These Are Some - Of the Threads of Success Weaved Into The Fabric Of Success In Owning And Operating a successful and profitable Construction Company. Please visit our site and wander through early and often as we are continuously adding fresh new content.
One Final Hint - They make money in their office; not in the field as demonstrated by the two videos below:
Video Number One - Demonstrates the total known financial cost of having a Construction Worker on your payroll and shows you why it is important to have some strategies in place for Marketing, Accounting and Production. What is not easily measured is the hidden cost of having the wrong employee in your contracting company.
Video Number Two - Demonstrates the total known financial cost of having an office worker like a Bookkeper on your payroll and shows you why it is some important to have strategies in place for making certain they are highly trained, with all of the tools, equipment and software they need and clearly defined contractor bookkeeping service system in place. What is not easily measured is the hidden cost of having a Bad Bookkeeper in your contracting company.
Profitable Construction - Companies have known about the value of outsourced bookkeeping services for a long time and now you know about it too!
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We Scan Your Receipts And Invoices link them to QuickBooks transactions where it is appropriate and give you back a CPA-ready packet for your tax return and we provide ongoing Cloud Based Contractors Bookkeeping Services by accountants who understand construction.
Profitable Construction - Companies have known about the value of online invoicing and bill payment to help increase their cash flow and profitability and now you know about it too!
Bill.Com Works With Xero Accounting Online And QuickBooks Desktop In The Cloud
We Support Xero Accounting Online And QuickBooks Desktop In The Cloud
For Construction Company Owners who do not need the full power of QuickBooks for contractors and want 24/7 online access we offer Xero Accounting Online and we have custom setup for construction companies. Click Here For More.
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.
Our Contractor Bookkeeping Services System Is A System
Thinking About Outsourcing Your Contractors Bookkeeping Services?
Click On The Button Below To Download A Free Guide
Need Help Now?
Call Sharie 206-361-3950
Listen to Randal DeHart's Guesting at Nicola Cairncross's
The Business Success Factory Podcast
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. Follow Randal on Google+