Pay yourself, profit account first

Constructor Magazine

For too many contractors, profit is something they take out of the business when they sell it. It should be one of the first things that contractors get

Partnering to Boost Profits

Construction Business Owner

Similar to scheduling an annual checkup with your physician, completing regular maintenance for heavy equipment is one of the best ways to keep your fleet in the best shape possible.

Trending Sources

Construction Risk Management Boosts Profits

Construction Informer

For everyone … Continue reading Construction Risk Management Boosts Profits → The post Construction Risk Management Boosts Profits appeared first on Construction Informer Blog - Construction Blog with Information, News, and Commentary. Google+. While 73 percent of executives feel that risks to their companies are on the rise, companies in general are not meeting the increased risks with improved risk management.

8 Tips to Double Your Net Profit

Construction Business Owner

Are you willing to make the strategic moves required to double your company’s net profit over the next 3 years? With market projections predicting steady growth, you can make the moves required to double your profitability

Highly Profitable Contractors Continually Adapt To change

Contractor Bookkeeping

Every time the phone rings you need to be willing to question what do they need are how far are you willing to drive to bid the job and do the work. Some types of work accepted or rejected may be based on the location of the job or by the state license. When starting out one of the first decisions to be made is “What Type Of Contractor Am I?”

Uniquely Profitable Contractors Use Single Source Suppliers

Contractor Bookkeeping

Increase Profits Now Increase Cash Flow RelationshipsContractors Who Are Hard-Ball Negotiators Can Skip This Article. Fair Minded Contractors Who Want Extreme Wealth Keep Reading! Relationships can make you or break you; financially, professionally and personally. Stephen R.

Unique High-Profit Contractors Count All Their Income

Contractor Bookkeeping

For most contractors, an excessive amount of profit is NOT an issue. The Ripple Effect Of Not Counting All Your Income Happens When You Go To The Bank For A Loan. You need to be able to show the bank that you have enough sales to pay back the loan. There are always more than enough expenses that happen naturally in your Construction Company. And there are always tools that need to be purchased, repaired or replaced.

Unique Strategy Massively Increases Contractor Cash And Profits

Contractor Bookkeeping

Contractors Are Selling Their Time First, Skill Second. Value of Time – Your time as the Contractor is the most valuable. I hope you are doing the tasks that only you can do. Yes, you can do your contractor bookkeeping. My question is: Why Would You? Your answer – I have a cash flow problem. Spending hours doing your bookkeeping will not solve that.

Uniquely Highly Profitable Contractors Target High-Profit Enjoyable Clients

Contractor Bookkeeping

Every Construction Contractor Has Clients Who Want To Help. Part of the reason is that they want to be sure the project is moving and things are being done. Other times the goal is to hopefully save money. In many cases, the most helpful thing a client can do on a project is keeping the area clean, pets under control and children out of the way.

Unique Contractors Earn Enormous Profits

Contractor Bookkeeping

Ever Wonder Why Some Competitors Seem To Have More Cash Flow And Profit Than You? Earning enormous amounts of cash and profits in any business is simple, not easy, but simple if you know what to do. It appeared his Plumbing Company was earning over five times the normal profit.

Contractor Leads Profitable Vs. Not-Profitable

Contractor Bookkeeping

All Construction Contractors Get Referrals which some turn out to be profitable some turn out non-profitable. The key is getting more profitable leads and fewer not-profitable leads. When A Contractor Brags About Getting Referrals It Drives Me Crazy!

Tips for Staying Profitable in the Construction Industry

John Chaney

Mr. Smither shared success stories of companies that have managed to stay profitable during hard times, revealing their secrets. I’m pleased to introduce Doug Helm from Mountjoy Chilton Medley LLP as this week’s guest blogger.

Highly Profitable Contractors Continually Improve Their Processes

Contractor Bookkeeping

Successful Contractors Improve Processes All Year Long. As the end of the year approaches it is time to see about loose ends in paperwork and forms. Ask employees to review their taxes withheld to date. Do they want to make any adjustments for the current year

Unique High-Profit Contractors Need Value From Accounting Software

Contractor Bookkeeping

Price And Value. VS. A Cheap Price does not always give you the “biggest bang for the buck” as the saying goes (author unknown). One of the reasons that we all like unit pricing in the grocery store is that it helps us determine which is the best value when deciding between sizes and between the store brands. Take for example ice cream. There are several main types: Labeled as Non-Fat, Low Fat, Reduced Fat, Sugar-Free, Creamy, Deluxe, Premium.

9 Reports to Help Increase Your Profits

Construction Business Owner

Many construction business owners don’t know how much money they make, or what it takes to break even and hit annual goals. You cannot rely on someone else to care about your finances more than you do. Often, owners don’t like to be bothered with the numbers.

Caterpillar 1Q Profit Up 25 Percent

Construction Equipment

Caterpillar reported a 25-percent increase in profit in 1Q 2015 to $1.81 per share, up from $1.44 in 1Q 2014. Sales and revenue for the quarter were $12.7 billion, down 4 percent from $13.2 billion in 1Q 2014

Save Time & Increase Profits with Automated Data Entry

Contractor Bookkeeping

Today's Guest Article Is From Michelle Dulog and Chelsey Kruger. Representing Personable Inc. Do you feel like you’re losing more and more time to tedious manual data entry? Manually entering financial transactions is no easy task and often times robs you of time better spent growing your business and improving your business experience. So what if you could automate data entry into QuickBooks and save 90% more time in the process? Now you can, with ScanWriter. ScanWriter Personabe, Inc.

Pricing to Maximize Profits

PSMJ Resources

Fees must adequately cover training, professional development, ample profit, and future liability. There are several ways to change the way you’ve traditionally approached pricing, including: · Cost pricing; · Parity pricing; · Sociopolitical pricing; · Strategic pricing; · Negotiated; and finally, · Value pricing In value pricing, price is determined partly by the value the client perceives in the service to be delivered, and partly by your cost and profit considerations.

Trucking Companies Cut Profit Forecasts

Construction Equipment

The trucking industry is preparing for a downturn in demand, reports The Wall Street Journal. Trucking demand spiked earlier this year due to inventory stockpiling in the second quarter as West Coast ports caught up with backlogs of imports that accumulated during a labor dispute.

Unique Ways Highly Profitable Contractors Reduce Taxes

Contractor Bookkeeping

Contractors Reflect On This Year's Results As The Last Quarter Begins. Going into the last Quarter of the year. Time for some basic reflection about taxes. Officers in S-Corps tend to take payroll later in the year. Now is the time if you have not already been taking payroll. Don't wait until it is time to prepare your Construction Company tax return. Next review your Estimated personal Taxes paid to the IRS. How much did you pay in taxes for the current year?

IRS 14

Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

The banker said his Profit & Loss, Balance Sheet did not look right to him. His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports.

How Buying Can Make Your Company More Profitable

Construction Business Owner

With Section 179 in effect for the remainder of 2016 and onward, there has never been a better time to invest in new construction and office equipment for your organization.

Harvesting energy and profits: A new approach to MEP cost analysis


When it comes to environmental issues, the AEC community plays a central and ever-changing role. Whether it’s through voluntary or regulated compliance, we are tasked with implementing new ideas that have been designed to counter a century of damaging ecological effects.

Four Key Words To Increasing Your Contracting Cash Flow And Profits

Contractor Bookkeeping

Highly profitable and very successful Contractors like you respond with. Construction Profits Construction Strategy Increase Cash FlowThe Four Most Important Words Your Construction Clients Say: "While it's open anyway." (the the walls, floors, ceiling). Since we're this far." (in in the project, remodel, new house). "I I have an idea." (for for more work to be done, change something). Now my wife wants." more, more and more).


Contractor Bookkeeping

One Tiny Bit Of Knowledge High Profit Contractors. Read though and pay special heed to the three Profit Enhancement Strategies near the end. Construction Profits Cash Flow Increase ProfitsUse To Get Well Over 100% Return On Investment.

The ROI of company culture: Why companies should look at culture’s impact on profit


Though profitability is important, every employer also desires engaged employees

50 Ways to become a more profitable plumber

Constructor Magazine

Are you better at turning a wrench than turning a profit? Here are 50 ways to increase your profitability. Most plumbing contractors are better mechanics than businesspeople. After all, they’ve been trained to be mechanics.

How To Build a Profitable Green Company

Green Industry Professionals

Judy Guido previews her upcoming GIC session on how to build a profitable green company. Research shows that nearly all consumers are interested in "green" landscaping services, but more than 90% of contractors don''t understand how to deliver

Keep the Profit Wheel Spinning

Construction Business Owner

1 challenge many contractors face is profit shrinkage or profit margin fade. I often hear company owners say that they bid using a 15-percent markup for overhead and 10 percent for profit The No.

Project Controls: Enhancing Project Profitability

Construction Business Owner

Why do construction projects experience profit fade? The more difficult question to answer is what is the root cause of profit fade? Consider some of the root causes of profit fade and underlying controls designed to prevent these occurrences

Business Report: Illinois Leaders Form Non-Profit to Spur Job Creation

Buisness Facilities Contributed Content

Business Report: Illinois Leaders Form Non-Profit to Spur Job Creation. Read Business Report: Illinois Leaders Form Non-Profit to Spur Job Creation on Business Facilities - Economic Development, Site Selection & Workforce Solutions.

Your People Are the Secret to a Higher Profit Margin

Construction Business Owner

One of the greatest challenges business owners face in the current economy is finding and hiring quality employees. When the construction markets crashed in 2008, many workers in the skilled trades left to pursue employment in an industry with a more stable outlook.

People Profit Connection Review

Help Everybody Everyday

A while ago, Brent Darnell posted a copy of the latest edition of his book, “ The People-Profit Connection 3rd Edition ” online asking downloaders to review it as payment. Brent’s overarching philosophy is if you improve your people, you’ll improve your profits.

Wearable tech makes mechanical contracting more productive, profitable

Constructor Magazine

The rise of the Internet of Things (IoT), which links components or systems via network connectivity, has enabled the instant transfer of data across people, projects and borders

Contractors Who Feed Workers Make Lot More Money

Contractor Bookkeeping

One Tiny Bit Of Knowledge High Profit Contractors. Read though and pay special heed to the three Profit Enhancement Strategies near the end. Construction Profits Cash Flow Increase ProfitsUse To Get Well Over 100% Return On Investment.

Three Unique Marginal Costs Grow Construction Profitability

Contractor Bookkeeping

Cost Is What You See - Profit potential is what you don''t see. High profit construction company owner''s focus on both and understand it "Takes Money To Make Money". Highly Profitable Companies - Focus on how high is up? Three Simple Yet Powerful Action Steps You.

Hire Us And Keep Your Bookkeeper Can Dramatically Increase Profits!

Contractor Bookkeeping

What Can You Do To Put More Cash And Profit In Your Construction Company? Profitable Construction - Companies have known about the value of outsourced bookkeeping services for a long time and now you know about it too! Do You Have A Good Solid Loyal Bookkeeper?