This book covers the basics of construction business management. In order to succeed in construction, if you want a profitable construction business, you have to price jobs to recover all labor, material and overhead expenses, and make a reasonable profit. Michael Stone discusses this and much more. The book applies to general and specialty contractors, whether working in remodeling, new construction or commercial work.
Here, you’ll find tried and tested formulas that guarantee profits. There are step-by-step instructions and easy-to-follow examples to help you learn how to make your business a success. You’ll learn how to:
- Calculate your full overhead
- Price your work at the proper markup
- Maintain a stable cash flow
- Figure all your job costs
- Estimate your breakeven point
- Recognize warning signs in your business
- Compute a fair wage for yourself
- Collect on your work
“I attended Michael Stone’s seminar 12 years ago and I got the first book. Thanks to this book and the seminar, I am still in business.” – Lech Kozubek, Kozubek Construction, April 2012
As a supplement to the book, Michael also teaches a six-hour class that’s available online covering many of these topics, the Markup & Profit class.