Pro Builder

JULY 26, 2021

I wrote columns about the coming trade labor shortage more than 10 years ago and was pretty hard on the industry for not engaging in meaningful ways to solve it. We can’t simply sit back and let others in the industry work to solve the problem on our behalf. The home building industry has been pretty good to you, hasn’t it?

Overhead 105

Overhead Profitability Housing Materials 105

Contractor Bookkeeping

AUGUST 6, 2014

1 Your Profit & Loss and Balance Sheet Reports do not conform to financial industry standards. #2 The RMA developed several tools among them was a system of Ratios that we use today to study financial statements of all companies in all industries. In particular, your construction company Profit & Loss and Balance Sheet.

Finance 48

Finance Accounting Construction Banking 48

Construction Test

MAY 15, 2020

Airlines will not have to leave seats empty, but passengers flying in the European Union will have to wear masks on planes and in airports under plans to revive the travel industry. Airlines have raised concerns that measures to slow the spread of the pandemic could blight profitability long after any travel restrictions end.

Travel 26

Travel Plans Commissioning Transportation 26

Contractor Bookkeeping

FEBRUARY 5, 2014

Their primary function is to review the transactions, reclassify some of them as needed and prepare payroll, monthly tax returns, quarterly tax returns, basic Profit & Loss Reports and Balance Sheet Reports. Business Owners - Need three basic reports, Cash, Profit and Equity. Profit And Loss Report. Regular Accounting.

Accounting 48

Accounting Construction Profitability Contractors 48

Contractor Bookkeeping

JULY 27, 2012

Over The Past 30+ Years - I have accumulated a variety of terms to describe the construction industry. Bad Numbers - Lead to bad decisions / cash shrinks / business unstable / bankruptcy or failure. Bankruptcy - Result of saving money on bookkeeping and making decisions on garbage reports. One of the Four Types Of Contractors.

Contractors 63

Contractors Cash Flow Construction Accounting 63

Buisness Facilities Contributed Content

AUGUST 15, 2013

a regional non-profit economic development organization. The Golden Guernsey plant was shuttered this past January following a bankruptcy filing, leaving 112 employees without jobs. Targeted Industries: Paper & Wood Products, Plastics, Dairy, Printing, Medical Devices, IT, Wind Energy. GDP (All Industry 2011): $254.8

Wisconsin 49

Wisconsin Products Green Organization 49

Buisness Facilities Contributed Content

AUGUST 29, 2013

Targeted Industries: IT, Hospitality & Rec., GDP (All Industry 2011): $301.1 ODEC is a not-for-profit provider of wholesale power to 11 member distribution cooperatives in Maryland, Virginia and Delaware that serve approximately 1.2 Education & Research, Energy & Sustainability, Aerospace & Defense. GOT MILK?

Maryland 53

Maryland Baltimore Electrical Houston 53

Contractor Bookkeeping

OCTOBER 17, 2014

This has been a popular and from all indications a very profitable swindle because it appears to be getting worse. For the reasons outlined above some construction company owners have a nagging concern about when they will be found out and be faced with major fines, penalties and possible bankruptcy and in a few cases prison sentences.

IRS 48

IRS Claims Contractors Accounting 48

Levelset

JULY 22, 2022

Industry research notes that the US roofing industry consists of more than 80,000 businesses employing 250,000 people — and annual industry revenues exceed $50 billion. If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court.

Cash Flow 52

Cash Flow Overhead Accounting Profitability 52

Contractor Bookkeeping

FEBRUARY 14, 2014

If you were to research some of the newspaper and magazine articles from the early 1800''s though today regarding the construction industry and contractors in general you will find not much has changed. It has always been and will likely always be that: 95 out of 100 contractors will earn less than 3% net profit. per hour (See below).

FAQ 49

FAQ Contractors Accounting Security 49

Levelset

JULY 18, 2022

Industry research shows that the US plumbing industry includes over 130,00 businesses (and more than 500,000 employees) with total annual revenues exceeding $130 billion. If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court.

Cash Flow 52

Cash Flow Accounting Profitability Legal 52

Levelset

JULY 15, 2022

Industry research shows that the US electrical industry has more than 1 million employees working for 200,000 businesses — and annual revenue exceeding $200 billion. If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court.

Electrical 52

Electrical Cash Flow Accounting Profitability 52

Levelset

JULY 19, 2022

Industry research reveals that the US painting industry includes over 255,000 businesses with total annual revenues exceeding $35 billion. If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. Read more: The profit roadmap for contractors.

Cash Flow 52

Cash Flow Accounting Profitability Residential 52

Pro Builder

OCTOBER 3, 2020

Shortly after, I read another piece on bankruptcies in home building, and soon I was thinking of the more than 250 builders I’ve worked with over more than three decades and wondering: Does this “ Anna Karenina Principle ” about families also apply to home building? The question is: How profitable and sustainable are they, and at what cost?

Profitability 96

Profitability Finance Schedule Products 96

Autodesk Construction Cloud

OCTOBER 28, 2021

And you have to do all that within a contracted amount of time with razor-thin profit margins. . With a role this demanding that evolves in complexity every year, it’s no wonder that processes that have worked well in the past are now routine headaches that every GC in the industry runs into. Register NOW.

Project Management 52

Project Management Management Documentation Construction 52

Pro Builder

JANUARY 3, 2022

We’re taking that approach with each of the [production] lines for cabinets, countertops, windows, floors, walls, ceilings, and trusses, and each of them really needs to be independently profitable. PB: So the intention is to treat every production line as a separate profit center? Perhaps a better word for that is viable.

Inventory 98

Inventory US Site Products 98

Business Facilities

AUGUST 1, 2014

The thriving high-tech industry in Austin has made Texas the second-largest semiconductor job market after California, according to the Semiconductor Industry Association. the next five-year phase—will focus on eight industries, including clean technology, data centers and digital media.

Metro 111

Metro Detroit Austin Baltimore 111

Buisness Facilities Contributed Content

APRIL 15, 2014

Alabama Infrastructure Grant Program: Funds are available to public entities for extension of water, sewer and road facilities to service new or expanding industries. Alabama Industrial Access Road & Bridge Program: Provides financial assistance to communities for industrial access to new and expanding industries.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

Industries that qualify for the CAPCO program may include manufacturing, processing, or assembling products; conducting research and development; or providing services. ALABAMA INDUSTRIAL ACCESS ROAD & BRIDGE PROGRAM: Provides financial assistance to communities for industrial access to new and expanding industries.

Income 75

Income Finance Zoning Equipment 75

Contractor Bookkeeping

AUGUST 20, 2014

Somewhere within the first two weeks the regular bookkeeper figures out there is either a lot of money in the checking account and everything looks rosy or there is no money in the checking account and they fear the contractor may be on the verge of bankruptcy. Construction is a feast and famine type of industry.

Contractors 48

Contractors Accounting Cash Flow Project Management 48

Pro Builder

AUGUST 13, 2020

Hearing them again the week of his passing led me to think back over my own history of more than 30 years working with building industry leaders and 23 years writing this monthly column for Pro Builder. . There’s plenty of change needed in our companies and in our industry. I Could Write a Book. I’ll bet not. Editorial/Topical.

Fort Worth 98

Fort Worth Consulting US Michigan 98