Our New eBook is out! More than 15 pages filled with Marketing, Accounting, and Production tips, checklists, and best practices that you can use year-round for your construction business success. Free Download here.
How Many Places Can You Find With Strong Chance Of 100% Return On Investment?
Let Me Say - If something seems too good to be true it probably is and you should stay far away from it. However, if you have read anything I have ever written you will know that I do not gamble! I did lose fifty cents in a Casino in Vegas in the early 1970's and have not gambled since; and I am still mad about it! I Do Like Managed Risks - Which is anything I can control the input and have a greater than breakeven chance of making a profit. I pay close attention to the higher levels of math and how it is used to predict with a degree of accuracy probable outcomes.
Decision Modeling Is One Of My Favorites - Decision modeling use reliable QuickBooks reports to generate predictions of profit and loss based upon re-allocating resources and aligning your Business Process Management system processes to present to you a variety of possible outcomes. As possible outcomes are analyzed decisions become easy because the goals, processes and data come together. It offers you a way to attach knowledge, expertise and analytic insights.
As Contractors Move Away From Gut-level Decisions - And begin relying on their construction accounting systems to provide useful financial and job costing reports the open a treasure chest busting at the seams with useful knowledge which can lead them to earning massive profits and by extension increase their personal wealth exponentially.
Knowledge Leads To Profits And Cash Flow
What Makes Knowledge Powerful?
Use Of Knowledge!
If You Could Harness And truly understand even half of the information contained in your existing QuickBooks company file and I mean truly understood it, you could easily become a wealthy, debt free and be living the lifestyle you truly deserve in five years or less.
One Tiny Bit Of Knowledge High Profit Contractors
Use To Get 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!
For Example Let's Look At One Field Worker Named Henry:
Here Is What Happens - Your construction worker, Henry may or may not have a hearty breakfast before coming to work at the construction site depending on a variety of factors outside your control and perhaps his too.
If Henry Is Hungry - His body does not have enough fuel to produce good quality work efficiently at 100% and it will show.
If Henry Is Not Hungry - He will produce at 100% in less time with fewer mistakes and that saves time and money on your labor, material, warranty work and other costs.
If Henry Wastes Thirty Minutes A Day - And you pay him $25.00 an hour that means with all of the employment taxes and overhead he costs you roughly $35.64 an hour. Which means you lost you lost $17.82 on what can be measured. What cannot be measured; bad attitude disease, rework, warranty repairs, excess wear and tear on tools and equipment, etcetera is equal or greater than $17.82
For Employee #01 Could Cost The Company $1,544.42 Each Year
At 10% Profit You Need $15,544.20 More Sales To Maintain Profit Margin
After A Couple Hours - Intense construction work Henry gets dehydrated and having burned a number of calories, he could be getting important messages from his stomach regarding FOOD NOW! This could cause Henry to slow down a little bit....costing your company some profit dollars.
Lunch Time - Henry didn't pack a lunch, wants to "work through lunch" and leave early. If you watch Henry real close around 02:00 PM you will see the metabolism dance right out of his body and now he is uncomfortable and getting a bit edgy, grouchy and a slightly nasty.
02:00 PM Until Quitting Time - Is when Henry will screw something up, get careless, get hurt and require medical attention, (Ca-ching $$$, Labor and Industries investigation, ca-ching $$$) or if you are lucky his afternoon production will be roughly 80% of his morning production.
Let's Run The Numbers
Without Snacks And Beverages:
With Snacks And Beverages:
Profit Enhancement Strategy #01 - Get a large cooler and assign someone to stop by the grocery store or convenience store and pick up two bags of crushed or cubed ice and a selection of single serving ice teas, bottled water, juices and other beverages and possibly some energy bars and related snacks. Investment per construction worker will be roughly $5.00 +/-
Profit Enhancement Strategy #02 - If you really wanted to increase profits consider having lunch delivered to the job site every day. You could alternate between Pizza, Sandwiches, Chicken, Tacos and whatever else makes sense to you.
We Did This in All Of Our Construction Companies - For over 20 years and it ALWAYS generated more profits than it cost. In our case, a lot more than a measly 100% Return on Investment.
Our Contractor Clients - That are doing this show a substantial Return on Investment. We know it is true because we provide all of their contractors bookkeeping services needs.
This Estimate Shows - The profits that could be slipping through your fingers and you didn't even know it. "Profits Are Made In The Office, Not In The Field" - Randal DeHart
What You Don't Know - Can destroy profitability because it is hidden. If you don't know how to analyze your QuickBooks reports get someone that does, perhaps Fast Easy Accounting.
When You Come- To my office and start complaining about how much you are paying more in income tax since working with us than you used to earn in a year that makes me very happy!
Because That Means - You are no longer struggling to make ends meet; rather, you are building a financial estate that will provide passive income to support you when you retire.
Growing Profits By The Inch - Is a cinch works great because we did it for years in our construction businesses and we do it now in our accounting office.
This Is Only The Tip - Of the Iceberg. Everything we publish in our blog posts, articles in other websites, and anything you can find on the web is nothing compared to what is available to you as our client. We show only the basic tools to open your mind to the possibilities that are available to you. The best finish carpentry tools in the hands of a golf professional without proper carpentry training will not produce anything near to what a skilled finish carpenter can. The same can be said about the best construction business consulting and accounting tools in the hands of a skilled finish carpenter. And I say that with respect and admiration for everyone in construction.
When You Become A Client - Then we can tap into our resources of knowledge and strategy banks. We use the reports hidden in your QuickBooks in order to diagnose and understand your construction business and develop plans and help you implement a path to success for you and you alone because every contractor has unique Strengths, Weaknesses, Opportunities and Threats (S.W.O.T. Analysis) that when understood can lead to a Strategic Roadmap which cannot help but make a lot of money.
If You Are A Contractor You Deserve To Be Wealthy
Because You Bring Value To Other People's Lives!
This Is One More Example of how Fast Easy Accounting is helping construction company owners just like you 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 and me 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 Servicesby accountants who understand construction.
Thinking About Outsourcing Your Contractors Bookkeeping Services?
We Are Construction Accounting Experts Specializing In Construction Bookkeeping Services For Contractors All Across The USA Including Alaska And Hawaii
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 and Bill.Com Certified Guru. 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+
We Remove Contractors' Unique Paperwork Frustrations
Sharie DeHart, QPA, is the President of Business Consulting And Accounting (Fast Easy Accounting) in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations. She offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com.
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 and Bill.Com Certified Guru. 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.
Sharie DeHart, QPA, is the President of Business Consulting And Accounting (Fast Easy Accounting) in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations. She offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com.
