Contractor Success M.A.P.

0109: The Truth About Owning A Construction Company


Listen Later

The Hard Truth About Owning A Construction Company
Contractors Are Our Heroes! The rough and tumble world of construction company ownership is not for the weak or the timid. It is an arena where the price of admission is a lot of blood, sweat, tears, and long nights and lost sleep, with peaks of enthusiasm and depths of despair.
It can feel like riding a roller coaster operated by a mad man trying to convince you to get off, get out and do something else like teaching a pig to sing!
If you work it right, you can end up with a construction company that is like a money tree that can take care of you and your family for a lifetime and leave a legacy for your heirs.
To get to the truth about your construction company, you must go on a journey. It is four levels deep and like most successes in life, it is simple but not easy.
The Four Levels
Number One - What contractors want to hear
Number Two - What contractors want to believe
Number Three - Everything else
Number Four - Truth
A Story To Illustrate The Four Levels
#1 What Contractors Want To Hear - One evening after work a group of contractors met at the Contractor Business Round Table, which is the neighborhood tavern with a round table, pitcher of beer and four contractors. They talked about how tough it is to get profitable jobs no matter what the economy. When times are good, it is hard to find employees, when times are tough the phone doesn't ring. Everyone agreed there was nothing anyone could do about it.
#2 What Contractors Want To Believe - A short while later they talked about making money and agreed that big contractors make most of the money, and little contractors were doomed to struggle.
#3 Everything Else - One of the contractors suggested maybe they could ask one of the larger more profitable contractors and find out what they did that made the difference. It made the other contractors a bit uncomfortable.
Then it happened, and they all heard and felt the dreaded Snap-Crackle-Pop! The contractor who suggested asking for help experienced a paradigm shift and broke through to the other side.
This contractor began leveling up! Suddenly they all remembered what that The Contractors Accountant, Randal DeHart, had said about leveling up. "As you develop your Business Strategy your income is likely to increase.
The impact on your friends will not be pleasant as you will be proving that good people can win in the construction game by playing it with high moral and ethical standards and the willingness to try something different."
Truth - Is whatever you believe, and you will look for evidence to support your truth. Part of my truth comes from some of the writings of Og Mandino The Salesman’s Prayer
Listen to this Podcast for more…
If you are Thinking About Outsourcing Your Contractors Bookkeeping Services you are invited to download a guide to finding the right contractor bookkeeping service to fit your particular situation at www.FastEasyAccounting.com/hs
Call Sharie now 206-361-3950 or [email protected] and schedule your no charge one-hour consultation.
...more
View all episodesView all episodes
Download on the App Store

Contractor Success M.A.P.By Randal DeHart, PMP, QPA