May 23, 2014
If You Are In This Contractor Group You Are In The Third Largest Group Of The Four Types Of Contractors
Together you and your like-minded contractors combined production is more than the Enterprise Contractors due to the sheer number of contractors similar to you.
Here Are A Few Statistics Based On Per Person Where You Do Well:
#01 Sales Dollar Volume Per Job
#02 Sales Dollar Volume Per Month
#03 Sales Dollar Volume Per Year
#04 Marketing Cost Per Dispatch
#05 Dollars of Revenue Per Billable Hour
#06 Percentage Closed Sales Per Dispatch
#07 Billable Hours In Standard Eight Hour Day
Your Production Average - Is not as high as Dog And Pickup Truck Contractor however it is close because you have implemented systems, processes and procedures such as Business Process Management, BCG Matrix, The 80/20 Rule For Success In Construction and other profit and growth strategies. Some of you are discovering the power of Contractor Success M.A.P. which we have developed and are using to help contractors just like you to build on the success you already have and make it better a little at a time with controlled, sustainable growth strategies.
Let Me Describe Some Of Your Wonderful Personality Traits
You Are A Wonderful Soul - Due to the number of times you have been involved in litigation, negotians, defections of key staff and customers and the astonding number of earth shaking massive disappointments you have experienced you have toughened up and as a result you tend to keep your guard up.
One Of The Most Heart Wrenching - Tasks you have had to do is upgrade management staff because in order to get here you needed to change your staff several times. The people who helped you start the company would not adapt to change so you had to change people. The people who helped you grow the company from Salt of The Earth to Professional had to be replaced because sadly they would not adapt to change.
These Growth Events Are Called Expansion Isoquants - And if you planned for them they were fast and easy; however, if you did not it was hard and painful.
Your Company Now Has A Structured Approach - And you tend to operate more like a firm than a construction business.
Your Firm Has - Formal organizational charts, processes and systems including a formal documented business plan which is updated and reviewed regularly with a board of advisors as outlined in my article on the subject.
Your Firm Invests Heavily In Marketing - You understand your target market, and use The 80/20 Rule to understand the demographics and psychographics of their prime customer, the ones who generate 80% of the cash and income. You are always seeking to acquire more of them and will do whatever is economically feasible to turn those customers into lifetime repeat business.
Your Firm Usually - Engages the services of a competent financial planner, banker and accountant to work together in helping plan and develop a financial estate that can take care of the officers and key employees in their senior years
Your Firm Normally - Has or is developing a succession plan to sell or pass on the firm to future generations.
Your Firm Operates - As C-Corporation, LLC or
Sub-S or Partnership.
The Owners Generally Earn - $100,000+ a year after all expenses
Your Bookkeeping Needs Are - Fairly complex and in most cases we handle all your bookkeeping, Complex Pay Applications, Payroll, Quarterly Tax Reports using our Cloud Based Bookkeeping System and scanners for a surprising low cost. Business coaching is included at no additional charge along with access to The SnoKing Contractors Center.
This is one more example of how Fast Easy Accounting is helping construction company owners just like you put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email sharie@fasteasyaccounting.com
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Need Help Now?
Call Sharie 206-361-3950