Why is it important to know the burdened labor rate when you estimate your work? Because the labor burden cost is the one that often falls through the cracks.
Can you afford to hire a new office employee, or take on any overhead increase? Michael Stone discusses what you need to do to insure that increase in overhead won’t put your business in financial peril.
Have you ever had a client go behind your back and ask your employees and/or subcontractors to work for them outside your company?
When I was selling, I always sold on straight commission only. Pay should be based on performance. When you hire a salesperson, set ground rules that you both work under.
If your construction business isn’t profitable, it won’t survive. You have an option of being competitive in construction. You don’t have the option of being profitable.
It's your job, as the construction business owner, to make sure no one smokes and no one smells like an ashtray when you go on a job.
If you have employees, changing laws can impact your business. Two states recently legalized recreational marijuana. Another 15 states allow medical marijuana.
When you are looking for employees, your advertising should include the caveat that speaking, reading and writing English as a job requirement.
Whenever you get two people together, there's the chance of a disagreement.
If you're an employer, these are things you should watch for and be prepared to deal with. If you're an employee, check to see how you're doing.
Do you have a potty-mouthed employee who is offending your clients, subs, suppliers and maybe even your other employees?
I recently worked with a company having problems with a particular salesperson. They produced sales, but also created a lot of clean up opportunities for the owner.
If you have salespeople, their job is to bring in profitable work. If you are paying them anything other than straight commission, where is the motivation to sell?
It’s my opinion, that being late is almost always a habit. If you have employees who are perpetually late, you have to decide how much you want to put up with.
We are approaching the time of year when the subject of bonuses comes up. Your employees might be saying, “Do you suppose they will pay us a Christmas Bonus this year?”
Now, if you are a subcontractor, it doesn't matter what trade, if a general contractor has hired you to work on a job your obligation is to that general contractor only.
If you’ve raised kids in the past 20-30 years, you know the new rules – no one loses, everyone gets a prize. Don’t keep score because it hurts their feelings.
If you are a general contractor hiring a salesperson, do you have a written agreement with them?
At the National Tile Contractors Association national convention this fall, I sat in on a class about social media and how it can benefit your business.
We are rapidly approaching the time of year when you should review and update your employee manual.