Among the first bits and peices of mentoring we offer new contractors relates to string theory. Not the particle physics definition; rather a Randalism - "Develop your M.A.P. and let it guide to achieve your definition of success"
#1 Marketing - Define your target market in terms of the geographic area, how far are you willing to travel to get do the job and the type of buildings, residential, commercial, industrial.
#2 Accounting - Setup QuickBooks properly for construction so you can have the financial and job costing reports you need to operate and grow your roofing company profitably.
#3 Production - The answers to the first two questions can be used to determine the proper mix of labor, material, equipment, tools and suppliers.
Avoid the reverse P.A.M. which can lead to disaster in the long run.
I have a demonstration for our contractor clients that go like this:
M.A.P. - I drop a three foot piece of string on my desk, grab one end of it and start pulling. Very quickly everything lines up straight and smooth.
P.A.M. - I drop a three foot piece of string on my desk, grab one end of it and start pushing. Very quickly gets bunched up and is a knotted mess.
You can read more about M.A.P. vs. P.A.M. here
Profitable Construction - Companies have known about the value of outsourced bookkeeping services for a long time and now you know about it too!
We Scan Your Receipts And Invoices link them to your QuickBooks or Xero 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.
Thinking About Outsourcing Your Contractors Bookkeeping Services To Save Time And Money?
Click On The Button Below To Download A Free Guide
Business Process Management (BPM) For Contractors
Need Help Now?
Call Sharie 206-361-3950
sharie@fasteasyaccounting.com
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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. 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+
