Michael Stone on February 27th, 2009

Continue reading: A Minute With Michael – Working Without a Contract

Michael Stone on February 25th, 2009

I have heard from a couple of contractors lately telling me about invoices that came into their office that they knew little or nothing about. In checking with the guys that picked up the materials, they learned that some of the materials had gone to “side jobs” the guys were doing on nights and weekends. [...]

Continue reading: Are You Reviewing Invoices?

Michael Stone on February 18th, 2009

The word is that financing is holding up many projects. Several contractors have told me that customers are asking them to carry the contracts for the job(s). Translated, that means, “If you want the job, you will not ask for any down or progress payments and I will get around to paying you anytime [...]

Continue reading: Find Them a Lender

Michael Stone on February 10th, 2009

It is not smart to spout political opinions when you are in business. There is a good chance half your listeners will agree and the other half will disagree. That’s part of the beauty of living in the United States. We try hard (or at least Devon does) to avoid politics in our business dealings, [...]

Continue reading: Plan a War on Debt

Michael Stone on February 9th, 2009

A quick check here gang to see if you are staying on track.
Did you get your 2009 planning done yet? Do you know how much business you want to do this year? How many leads is that going to take and how many people or subs will you have to hire?
Have you gotten your 2008 [...]

Continue reading: Check-up Time

Michael Stone on February 6th, 2009

We would like to ask a kindness. Would you be willing to share your thoughts with us on what you are seeing in the market now?
You can get all kinds of opinions in the national media with radio, TV, newspapers, magazines telling us what they think, but I want to know from real people like [...]

Continue reading: What Do You See?

Michael Stone on February 5th, 2009

I want to share a note we received earlier this week:

“I have purchased Profitable Sales and Mark Up and Profit. I made sure to read them twice and I now keep them on my desk as a reference. For example, I had a customer who I gave a contract to say, ‘Your competitor is quite [...]

Continue reading: Profitable Sales . . . Knowing how to respond

Michael Stone on February 4th, 2009

Many of you have started doing handyman or property management work over the last few years. Here is something that you need to watch.
Many times when you are working with property management companies they can be a little slow or even darned slow about paying. A friend of mine, Abe WalkingBear, who writes a lot [...]

Continue reading: Payment terms that won't bankrupt your business