Format: MP3 Audio Download or Compact Disc
Presenter: George Hedley
Owning and managing a profitable construction company starts with knowing your numbers. Learn how to use the right overhead and profit mark-up, track your sales goals, manage your finances, and develop a clear understanding of what it costs to run your business.?? In this practical session, learn how to calculate accurate job costs, labor rates, equipment costs, crew rates, overhead, and profit mark-up. Learn the 12 step formula to always make a profit; determine the right overhead and sales you need to make a profit; how to use your Work In Progress and Completed Contracts schedules; track your monthly sales revenue and gross profit; develop a job size mark-up plan; and track field production, accounts receivables and cash. You can reach your bottom-line goals by monitoring, tracking and updating your financial scorecard. Bring your calculator. Presented by the author of ‘How To Build A Construction Company That Always Makes A Profit!”? ?
1. Develop a financial scorecard and tracking system to always make a profit.?
2. Determine accurate labor, equipment and crew costs.?
3. Calculate your overhead and profit markup and sales required to always make a profit.?
4. Implement financial statements, scorecards and reports to track your numbers.