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Respect in Your Construction Company

Oct 16, 2019
3 min

Respect in Your Construction Company

Respect While researching the topic of respect and dignity at work, I came across many statements like this, “A Dignity and Respect at Work Policy encourages a working environment that is free from Bullying and Harassment.” And, this exact wording of that idea was the very first sentence in one (rather boring) article I read. Other articles harp on how much a company loses when there is a large turnover of workers. Their premise that people will hang around longer when treate

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Construction Accounting – Zooming In

May 9, 2019
3 min

Construction Accounting – Zooming In

One of the questions we’re often asked by commercial subcontractors is, “How do you do it?” The following is a dive into what it looks like working with an outsourced accounting and advisory firm. (Well, we don’t know if it is true for other firms – but this is what it looks like working with us. 😎) Construction Accounting zoom in on understanding While it is always our goal to provide each of our clients with a clear and up to date financial picture of his or her business,

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Grow an Established Construction Business – Part 3

Sep 19, 2018
4 min

Grow an Established Construction Business – Part 3

Business is great Business is great – until it isn’t. The construction contracting business is well known for its boom or bust nature. Using the boom to prepare for the bust is simply a matter of having good business sense. And, two ways you make the preparation are considering future financial needs and creating documented, sustaining processes. This is the third in a three-part series dealing with growing an established construction business. Taking it up a level. Getting b

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Grow an Established Construction Business – Part 1

Sep 5, 2018
3 min

Grow an Established Construction Business – Part 1

You’ve gone beyond finding your first client. You’ve gotten past all the start-up issues. You are ready to take the next steps to grow and prosper your construction business. Grow and prosper in ways which are likely to surpass your original dream. It is fun to look back on and remember those heady days when you first became a business owner. It is even more fun to look ahead at what you’ll accomplish next. Now it is time to roll up your sleeves and get to work – on the next

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Our Clients Are Savvy Contractors – Take a Peek

Aug 29, 2018
2 min

Our Clients Are Savvy Contractors – Take a Peek

Who our clients are Our clients are construction subcontractors. Yet there is more to the picture. They’re ambitious, smart, determined, enthusiastic, resourceful, industrious go-getters. We understand the position many of our clients are in when they come to us. They’re splitting their time between: returning phone calls developing new products or services going on sales calls hiring or firing employees managing social media doing the bookkeeping answering email checking the

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Part 1 – Let Middle Managers Manage

Nov 29, 2017
1 min

Part 1 – Let Middle Managers Manage

This is part 1 of a 2-part discussion concerning growing your construction contracting or service business through growing your middle managers. In this section the discussion will center on what you as an owner should be doing in your business while allowing your middle managers to manage other aspects. You’re the boss – own it You have better things to do than being on job sites all day long. Put your time and effort towards critical, big-picture decisions concerning your c

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Do You Really Understand the Financial Position of Your Construction Contracting Business?

Nov 9, 2017
2 min

Do You Really Understand the Financial Position of Your Construction Contracting Business?

If you’re like many people who own construction contracting and service businesses, you likely have little to no financial training. That’s OK, you probably have a slew of other skills which allowed you to move into the realm of business owner. It is also likely that you put a lot of time and thought into knowing where your crews are, what they’re doing, and which tools and supplies they’ll need for the day. Yet, you may be less likely to know where your dollars are, what job

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Financials: Cash Basis versus Accrual Basis for QuickBooks Online

May 16, 2017
4 min

Financials: Cash Basis versus Accrual Basis for QuickBooks Online

If you want to get a handle on the numbers in your Construction Contracting business then it is imperative you understand your financial statements. Understanding the difference between a cash basis financial statement and an accrual basis financial statement is a good start. Then, understanding what makes them different in QuickBooks online and how they’re deciphered there aids you in getting a firm grip on those numbers. Cash Basis Perspective Gained – The Cash Flow within

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