A Place For Contractors And Those Who Support Contractors To Share Valuable Insights, Experiences, Challenges, Successes And Best Practices From Their Experience In The Wide Wonderful World Of Construction.
SnoKing Contractors MasterMind Group is for contractors to meet in an informal setting to brainstorm and share best practices to raise everyone's standard of living at The SnoKing Contractors Center.
Every contractor has insights and understandings about a specific phases of construction that seem like “No Brainer” and “Everybody Knows That” that if shared can unleash massive power!
Q: What happens when a few trustworthy contractors shared those insights with each other?
A: “The rising tide raises all ships”
The economy has been challenging and may continue that way for a while. This is not the first time contractors have dealt with economic uncertainty and it will not be the last.
The good news is, and there is always good news, there are always forward thinking, get the job done, no nonsense, no excuses, failure is not an option, pro-active contractors that see opportunity in any situation. They are like the sailors on the sea a hundred years ago who knew they could not control the wind but they could control the direction of the ship by adjusting the sails.
We see signs of economic recovery among our accounting clients RIGHT NOW! because the successful ones are:
Developing formal documented Business Plans and Marketing Plans
Examining their existing systems and the way things are being done
Getting real clear about who are the good and bad customers
Getting their bookkeeping, accounting and job costing setup
Getting enough work to think about growing their business
Three Kinds Of Contractor Planning Strategies:
$$$...Those contractors that plan ahead and make things happen
$$...Those contractors that want to plan but just can't find enough time
$....Those contractors that don't know what happened but they are busy
In the late 1960's I was in Seattle during the Boeing bust and the highways were barren, houses were vacant and you couldn't give them away
Somewhere it is written "This too shall pass" it did and here is what happened!
Construction rebounded rather more quickly than expected
Shortage of qualified skilled construction labor pushed wages up
Pro-active forward thinking general contractors and specialty contractors made money
Reactive contractors without a plan or a support group were left standing by the road wide eyed, stupid and broke!
In the late 1970's when the prime interest rate was tickling 18%+ and real estate was not selling because not enough people could afford the payment. A number of spec builders gave up, through in the towel, went to the bank that was financing the constuction, tossed the keys on the bankers desk and walked away.
Somewhere it is written "This too shall pass" it did and here is what happened!
Construction rebounded rather more quickly than expected
Shortage of qualified skilled construction labor pushed wages up
Pro-active forward thinking general contractors and specialty contractors made money
Reactive contractors without a plan or a support group were left standing by the road wide eyed, stupid and broke!
Today in the early 2010's we are experiencing a similar situation with real estate sales sluggish, some spec builders gave up, quite a few good men and women who choose construction as their career are having a tough time right now.
Somewhere it is written "This too shall pass" it will!
Construction will rebound rather more quickly than expected
Shortage of qualified skilled construction labor will push wages up
Pro-active forward thinking general contractors and specialty contractors will make a lot of money
Reactive contractors without a plan or a support group will be left standing by the road wide eyed, stupid and broke!
As we wrap up and near the last few months of 2011 it is time for contractors to take the bull-by-horns and put systems in place to prepare for the coming boom-times! Have no doubt they will come because America's best days are still ahead of it!
SnoKing Contractors MasterMind Group is open to all contractors and Membership is FREE
If you are interested please contact Sharie at 206-361-3950 sharie@contracting4profit.com
We meet at:The SnoKing Contractors Center19909 64th Ave West Main FloorLynnwood, WA 98036For more information contact Sharie at 206-361-3950 sharie@contracting4profit.com
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 all across the USA including Alaska and Hawaii 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 so stop missing out! Call Sharie 206-361-3950 or sharie@fasteasyaccounting.com 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.
About The Author:
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+