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Overhead Expenses in Accounting Software

By Michael Stone

I was reminded again this week by a dear friend who is an expert in the use of QuickBooks of the necessary care that needs to be taken when you set up your accounting.


Bigger doesn’t always mean more profitable

By Michael Stone

Often when I talk with contractors, I hear, "I want to grow my company so I can make more money." Consider this, if size mattered, dinosaurs would still be here.


Connecting with Potential Clients

By Michael Stone

If you aren’t getting a response to your advertising, either printed or on the web, you aren’t connecting with your potential clients. You must connect with them.


Watermelons and Sales Leads

By Michael Stone

You might not think of watermelons, but one of our clever coaching clients shared a method he’s used to attract new leads for his business.


Close Out Package

By Michael Stone

As you’re walking out the door on a finished project, you want your clients to remember you as the company that went the extra step for them.


Thank You Notes

By Michael Stone

I’m a strong proponent of thank you notes. We received a creative note from a contractor the other day.


Customer Furnished Materials

By Michael Stone

A recent note said, "The client wants to furnish all the materials. They are going to give me the money to go buy the materials, should I add my markup on the materials?"


Rent or Purchase Construction Equipment?

By Michael Stone

Do you rent or buy your tools or equipment? Here is a quick and dirty rule to follow. Don’t tie up money in tools and equipment that seldom gets used.


How Much Do You Pay the Owner?

By Michael Stone

During a recent class I taught, it was clear many in the audience didn’t understand that their sales volume must be enough to support the salary of the company owner. 


Specialize in Construction – Stay Focused

By Michael Stone

After working with a few hundred coaching clients, I believe that the key to profitability in construction is staying focused on doing a few things well.


Construction Employees – It’s Break Time!

By Michael Stone

At the start of break, the crew jumped in a truck, drove 15 minutes to a doughnut shop, had coffee and a doughnut or two, drove 15 minutes back to the job site.


Price Your Construction Jobs Correctly

By Michael Stone

If you are tired of starving because you have enough work but don’t have the money to pay your bills, heed these words.


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