One Tiny Bit Of Knowledge High Profit Contractors

Use To Get Well Over 100% Return On Investment

They Provide Snacks And Beverages for their field workers and office staff. What you say? It costs money! How is spending money going to make me money? Perhaps you think I am crazy! Read though and pay special heed to the three Profit Enhancement Strategies near the end.

Let's Take A Look At A Typical Construction Worker Named John

From The Brand New Contractor To The Specialty Contractor, General Contractor, HandyMan and Spec Builder We Know What You Need QuickBooks To Do!

We spent over 20 years owning and operating construction companies including service and remodel firms. We sold our last construction company in the year 2000 which means we are not your competitor, rather the opposite. We are experienced contractors helping contractors get more from their accounting system.

Today's Guest Article And Podcast Feature Daniel Eric Bowling

Entrepreneur And Founder SmartTradesmen.com

Daniel reached out to us and shared his story and it is fascinating. He is someone who has mastered the art and skill of upholstery including owning operating a profitable upholstery company.

Along the way he discovered some of the similarities all tradesmen share. The love and care they put into doing their work and the frustration of making a good living which includes some free time and building a retirement.

Daniel shares some of his thoughts and words of wisdom on The Contractors Success M.A.P. Podcast and in the article below.

An Open Letter To Contractors Who Make Their Wives Do The Bookkeeping

There is a storm brewing on the horizon and I have to address it before it is too late in an effort to help save a few good marriages. Lately there has been a surge of contractor's spouses who have left and filed for divorce and a lot more are on the edge. Girlfriends do not have as many reasons to stay so they usually pack up and leave early.

I came dangerously close to having lost my wife in divorce from having insisted she do all of construction accounting for our construction company. You can listen to my story by clicking on the podcast below:

Is Your Handyman Contracting Company Highly Profitable?

Do You Want To Be Your Own  Boss And Start A Highly

Profitable Handyman Contracting Company?

Plan Your Work Then Work Your Plan

But Who Has Time To Plan?

• Getting enough qualified leads to bid on and winning enough of them at a price that is profitable
• Finding employees who will arrive on time, do the work and not steal time, materials or customer
• Having enough cash to pay the bills before the end of the month and cash left over for the owner

In the past when you wanted a formal Business Plan it was more painful than a letting a dentist work on your teeth without using any painkiller! We found the answer. A simple financial forecasting tool that links to your Contractors QuickBooks file, does most of the work for you and it's...PAINLESS!

The Best Parts:

• Cloud based so you can access it 24/7 from any web enabled device
• Links to QuickBooks and updates automatically which means you never have to open QuickBooks
• Financial Reports and forecasting help you lead your contracting company to success and prosperity

Today's Guest Article Features Patrick Ingram

President of Construction Accounting And Consulting

The Following Is An Outline From Patrick Ingram's Guest Appearance On The Contractors Success M.A.P. Podcast which you can listen to below. It is on iTunes, Stitcher Radio, Pocket Casts and all popular podcast directories.

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Editor’s Note: I have known Patrick Ingram for many years, I trust him and find him to be very knowledgeable and capable on the subject construction and mentoring emerging contractors as well as helping contractors who are facing current challenges to turn around their construction companies and put them back on the road to growth an profits. 

I Highly Recommend all contractors spend some time on his website www.constructionaccountingandconsulting.biz and get to know him/her. He/she is a valuable resource to all contractors, not just remodel contractors. Please be sure to let him/her know Randal DeHart, The Contractors Accountant, recommended you.

It's Because They Don't Need It

To Fill Out The Annual Tax Return!

Contractors like you regularly ask us if there is a way to have Job Costing Reports and have their annual tax return prepared and the answer is Yes!

99.99% of the time we find out the same company that is providing the contractor bookkeeping services is providing the annual tax preparation services. As you may or may not know there is a whole lot more money in preparing tax returns than there is in providing contractor bookkeeping services. 

So if an accounting firm provides both contractor bookkeeping services and annual income tax service or if they have a related company which they STRONGLY RECOMMEND then you use to prepare your income tax return then you can bet your bottom dollar they will do everything possible in QuickBooks or Xero to make filling out the annual tax return as quick and painless as possible no matter what it costs you in the long run.

"We Live In A World Of What Is...Not What Should Be" - Randalism

I am going to talk to you about a "Scammer" that could be draining cash and profits out of your construction company. It is the onslaught of "Cheap Bookkeeping Services" with an emphasis on Cheap!

Contractor Bookkeeping Services Menu:

| Good | Fast | Cheap |

You Can Only Choose Two

There will come a time when you will pass your construction company on to the next generation, sell it or simply close it down. If this is something, you are considering in the near future or perhaps several years down the road it is never too early to begin planning for it.

Prior Planning Prevents Poor Performance

Planning hurts! Because it involves "thinking" which is, some of the hardest work you will ever do and it is the most profitable in the long run. Just knowing the answers or at least having a strategy for finding answers can mean the difference between comfortable lifestyle and the all too common "Work-Till-You-Die" treadmill that far too many contractors are on.

Start by asking yourself two simple questions:

• If your construction company were for sale, would you buy it?
• How much would you be willing to pay for it?