Talked with a coaching client about promoting his company, he’s investigated purchasing an extended warranty program for his remodeling work.
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.
Successful construction contractors do more than their duty – they go the extra mile for their specialty contractors, their customers, their construction employees.
A question arose this morning on a call from a contractor. Should you write a contract on all the jobs you do, regardless of the size of the job?
Have you noticed that when you have a solid, well thought out payment schedule and insist your customers abide by that schedule, you have fewer problems?
Some have called asking how to increase business. They have not been advertising, and the phone is dead.
Often we get phone calls from contractors worrying about what a customer will say when they present their price for a job.
If you are tired of starving because you have enough work but don’t have the money to pay your bills, heed these words.
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.
Devon and I were at an association social recently and had a great time. I spent time with a banker who works with many remodeling companies around the area.
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.
Just a quick reminder. Be sure to put a limit on the length of time your proposals are valid. That time should be a maximum of 3 working days, no more.
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.
A caller asked the best way to buy insurance. My response was that if you have a choice, I would choose a broker rather than an agent.
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.
Watch how your employees conduct themselves. Some things we accept as normal can be the very thing that sets a customer off and turns them into the customer from hell.
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?"
If you are not a licensed electrician and do not have a permit to do electrical work on a job, you are putting yourselves and your company at risk of a huge lawsuit.
If you have a problem either now or in your past, whether it is a dispute, lawsuit, arbitration, whatever, get it resolved. Don't ignore it in hopes it will go away.
I know you haven't heard this before, but there is a chance in the future that your business might slow down. If you want to keep working when things slow down –