Respect your time – get paid for the work you do.
Design agreements, letters of intent – get paid for written quotes.
We are only five short months away from deer and elk hunting seasons. It is not too soon to remind your employees that if they want time off for hunting season, now is the time to get those dates on the schedule.
Last fall, I heard several owners complain about employees wanting time off to go [...]
Establish a time limit on price proposals for remodeling, new home, specialty construction projects.
New home construction, remodeling contractors, specialty contractors – it is important to advertise your construction business and not count on work by referral only.
As I get older I realize even more that how you treat others matters. Mom was right.
We did it. We passed final inspection today. We got the job done. I have done a ton of projects over the years but this one was a bit taxing.
All that’s left is to finish the exterior painting and a few details on the interior.
My lady is happy and as one of our good friends, [...]
Time for a quick review of some terms.
Gross profit is the money left after paying all job-related costs. Gross profit is used to pay overhead expenses and profit.
Net profit is the money left after all the bills are paid.
Owner’s salary: This is an overhead expense. It should be a fixed figure, taken as a [...]
Continue reading: Definition of Terms – Construction Accounting
