BUILDBOOK WEB APP: COMMUNICATION SIMPLIFIED FOR YOUR CONSTRUCTION BUSINESS
POOR COMMUNICATION COSTS MONEY Poor communication is the number one reason construction businesses lose money. It’s hard to keep track of all the calls, texts, emails, and face-to-face interactions that happen throughout each project. Forget one detail, and you may have a dissatisfied customer and a bad reputation. YOU…
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THIS IS THE SIMPLE WAY TO INCREASE CONSTRUCTION PROFIT MARGINS
OF COURSE, YOU WANT TO MAKE A PROFIT, BUT… The problem most construction business owners encounter when implementing the Profit First for Contractors system is that they try to go too big, too soon. They get excited about finally knowing how to increase their profit margin in construction and making…
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HOW TO MAINTAIN POSITIVE CASH FLOW FOR YOUR CONSTRUCTION PROJECT
ARE YOU FINANCING YOUR CLIENT’S JOB FOR THEM? If you’re like most contractors, you have financed a customer’s job at some point. You’ve spent more money on producing and managing the job than the money you have received from the customer. When the projects were small, this wasn’t that big…
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PERCENTAGES: THE BEST WAY TO ANALYZE YOUR PROFIT & LOSS STATEMENT
ARE YOU UNSURE WHAT YOUR FINANCIAL REPORTS MEAN? Most construction business owners struggle to understand Profit and Loss statement analysis. They depend on their bookkeepers or CPAs to interpret what the numbers mean. Properly interpreting your financial reports takes time and can be confusing. HOW TO TAKE ON PROFIT…
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THE #1 RULE YOU NEED TO HACK YOUR PROFIT & LOSS STATEMENT
ARE YOU SPENDING MORE THAN YOU RECEIVE? If you spend more than 100% of your income, then you are going to have problems in your construction business. I know it sounds simplistic, but many construction business owners violate this fundamental principle of financial planning. They spend more money than they…
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SHAWN VAN DYKE JOINS BUILDBOOK TEAM
SHAWN VAN DYKE JOINS THE BUILDBOOK BOARD OF ADVISORS [PRESS RELEASE JULY 29, 2019] If you know me, you know that I’ve dedicated my career to helping construction companies grow their businesses. In my work, I’ve been fortunate enough to meet a ton of great people, doing exciting things, who…
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DO THESE 3 THINGS IN JULY TO END THE YEAR ON TOP
LISTEN TO THE BLOGCAST A SIMPLE PLAN IN Q3 & Q4 FOR YOUR CONSTRUCTION BUSINESS It’s the beginning of July and it’s one of my favorite times of the year. The reason is because half of the year’s already over. The first half of the year told you exactly what…
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USING A GANTT CHART TO PREDICT CASH FLOW
LISTEN TO THE BLOGCAST CONSTRUCTION BUSINESS CASH FLOW The phrase “Time is money” may be cliche, but it is true. A plan for money is called a budget. A budget for time is called a schedule. Therefore: SCHEDULE = BUDGET FOR TIME = BUDGET FOR MONEY I once heard Dave…
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HOW TO GROW A PROFITABLE CONSTRUCTION BUSINESS
Growing a profitable construction business requires more than just increasing the top-line revenue. In fact, selling more work at the wrong price to the wrong customers will ensure that yours never grows in a sustainable manner. Edward Abbey, an American author and essayist, said, “Growth for the sake of growth…
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LINE ITEM PRICING
WATCH THE VIDEO BELOW. Do you ever get nervous or feel uncertain when your potential customer asks you to provide line item pricing? I used to feel the same way until I realized that providing line item pricing usually causes confusion with my customers. LINE ITEM PRICING CAUSES CONFUSION The…
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