Michael Stone on January 28th, 2010

On my desk within easy reach is a copy of the book, “Never Give In”, written in 1995 by Stephen Mansfield. The subtitle is, “The Extraordinary Character of Winston Churchill”.
Churchill is one of my heroes. He is arguably one of the best orators in the history of the world. This man knew how to communicate. [...]

Continue reading: Never Give In – Even in Construction

Michael Stone on January 27th, 2010

I have a good buddy down in Southern California who has a great way of saying things. I love talking with him.
We were talking this morning about business and why so many contractors are having trouble getting work in the door. Dan said, and this is a quote, “Opportunity may knock, but it doesn’t [...]

Continue reading: Why Should I Advertise?

Michael Stone on January 20th, 2010

Last week, we held a webinar on prepping for taxes. One topic Karen Mitchell (OnlineAccounting.com) covered was how to handle bad debts.
A question came in from a contractor. They had a change on a job and now the owner thought the charge for the change work order was too high and they weren’t going to [...]

Continue reading: Change Work Orders Becoming Bad Debts . . . Shouldn’t Happen!

Michael Stone on January 19th, 2010

Do you wonder if the book, “Markup & Profit; A Contractor’s Guide” can help your business, even in today’s economy? Check out a note we received earlier this month:
“Michael, I just wanted to thank you for putting together your book Markup and Profit. It has helped get our firm back on track during tough times [...]

Continue reading: Construction Company Turnaround

Michael Stone on January 14th, 2010

I have talked about focusing your attention on just the 1, 2, or maybe 3 things you do well and make the most profit on. Doing a good job of advertising and promoting those things will get you the lions share of the business in your area on those particular type of jobs. This takes [...]

Continue reading: What Makes the Most Money?

Devon on January 11th, 2010

A reminder – our next free online webinar is tomorrow, Tuesday evening, January 12 at 5 pm Pacific (6 pm Mountain, 7 pm Central, 8 pm Eastern) when Karen Mitchell from Online Accounting discusses Making Tax Time Easy. Register here!
Karen, author of “The Contractor’s Guide to QuickBooks Pro” will discuss a straightforward approach to simplify [...]

Continue reading: Make Tax Time Easier

Michael Stone on January 5th, 2010

Recently, my son had a major fire in a 45,000SF warehouse he owns. While asking me about dealing with insurance and getting the building back to working order, he told me that one of the smartest things he had done was purchasing Business Interruption Insurance on the building. He suggested I pass along to others [...]

Continue reading: Do You Have Business Interruption Insurance?

Michael Stone on January 4th, 2010

I was looking through the November issue of Remodeling magazine the other day and was reminded what a great tool the Cost vs. Value report is. (If you own a construction-related business, you can get a free subscription to Remodeling magazine here.)
Question number four of the four basic questions you need to ask every prospective [...]

Continue reading: Cost vs. Value – Remodeling Magazine