You own a dog whether or not you know it If you own a construction contracting business, you own a dog. And we’ll get to that part later. But for right now, I’ll take you on a little journey down Working Dog Lane. Ranch dogs must be working dogs For example, Tonya’s first paying job beyond babysitting was on a ranch in northern Arizona. Her boss was a no-nonsense type who expected each of her ranch hands (including the animals) to put in a day’s work to receive a day’s pay. I

Cost is something we can all understand – or not There is this interesting mindset we humans get caught up in known as the Lost Cost Fallacy, otherwise known as Honoring a Sunk Cost. David McRaney at You Are Not So Smart goes into detail concerning what is entailed in Lost Cost Fallacy. What it boils down to is, it’s hard to abandon a person, a product, or a process once you’ve invested time or money into any of them. It is hard to give-up when you’ve spent so much. You don’t

This is the final installment of a 5-part series about specific strategies you can use in order to retain your best construction employees. You can find the first installment here, the second here, the third here, and the fourth here. Pay them well Dad explained to me, when I was quite young, that the wise person “knows which side his bread is buttered on.”  Dad was referring to his relationship with his employer. He knew, that in order to keep his job he had to perform up to

You need an accounting system for your construction contracting or service business because you need data. There are three basic reasons you need data. Because the federal as well as state and local governmental entities require it. And, let’s face it, running your construction contracting business from a prison cell would be much harder than any issues you’re currently facing. Because banks or lending institutions, as well as bonding businesses require it. Loan officers have

When you first became a construction contractor or construction service business owner it was pretty simple – get a job, do the job, get paid, see how much money you made. Now, things are different. You have people working for you, people who rely on you in order to make a living. Knowing the whats, hows, and whys of construction accounting has become much more difficult. Following are 5 critical problems Schulte and Schulte solves for clients on a regular basis. Not knowing

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