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0123: Unique Contractor Investment Can Exceed 100% Return
How Many Places Can You Find With Strong Chance Of 100% Return On Investment?
If something seems too good to be true, it probably is, and you should stay far away from it.
Knowledge Leads To Profits And Cash Flow
What Makes Knowledge Powerful? Use Of Knowledge!
If You Could Harness half of the information in your QuickBooks, you could easily become wealthy, debt free and living the lifestyle you truly deserve in five years or less.
One Tiny Bit Of Knowledge High-Profit Contractors Use To Get Over 100% Return On Investment
They Provide Snacks And Beverages For their field workers and office staff. What do you say? It costs money! How is spending money going to make money? Perhaps you think I am crazy!
For Example Let's Look Field Worker Named Henry:
Henry may or may not have a hearty breakfast before coming to work at the construction site depending on a variety of factors outside your control and perhaps his too.
If Henry Is Hungry His body does not have enough fuel to produce good quality work efficiently at 100%, and it will show.
If Henry Is Not Hungry, He will deliver at 100% in less time with fewer mistakes and that saves time and money on your labor, material, warranty work and other costs.
If Henry Wastes Thirty Minutes A Day And you pay him $25.00 an hour, with the employment taxes and overhead he costs you roughly $35.64 an hour.
You lost you lost $17.82 on what can be measured. What cannot be measured; bad attitude disease, rework, warranty repairs, excess wear and tear on tools and equipment, etcetera is equal or greater than $17.82.
Henry Could Cost The Company $1,544.42 Each Year
At 10% Profit, You Need $15,544.20 More Sales To Maintain Profit Margin
After A Couple of Hours, Henry is dehydrated and burning calories and when Henry slows down you lose money!
Lunch Time Henry didn't pack a lunch; he wants to "work through lunch" and leave early. Around 02:00 PM his metabolism will drop, and he will be edgy, grouchy and nasty which cost you money!
02:00 PM Until Quitting Time Is when Henry will break something up or get hurt and require medical attention. If you are lucky, his afternoon production will be 80% of his morning production.
Profit Enhancement Strategy #01 Get a large cooler, stop by the convenience store get bags of ice, ice teas, bottled water, juices and some energy bars and related snacks. Cost per worker is approximate $5
Profit Enhancement Strategy #02 Lunch delivery to the job site every day. Alternate Pizza, Sandwiches, Chicken, Tacos, etc.
What You Don't Know Can destroy profitability because it is hidden. If you don't know how to analyze your QuickBooks reports get someone who does, perhaps Fast Easy Accounting.
The Same Scenario Applies To Office Staff Too!
Growing Profits By The Inch Is a cinch works great because we did it for years in our construction businesses and we do it now in our accounting office.
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 2063613950 or [email protected] and schedule your no charge one-hour consultation.
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By Randal DeHart, PMP, QPAHow Many Places Can You Find With Strong Chance Of 100% Return On Investment?
If something seems too good to be true, it probably is, and you should stay far away from it.
Knowledge Leads To Profits And Cash Flow
What Makes Knowledge Powerful? Use Of Knowledge!
If You Could Harness half of the information in your QuickBooks, you could easily become wealthy, debt free and living the lifestyle you truly deserve in five years or less.
One Tiny Bit Of Knowledge High-Profit Contractors Use To Get Over 100% Return On Investment
They Provide Snacks And Beverages For their field workers and office staff. What do you say? It costs money! How is spending money going to make money? Perhaps you think I am crazy!
For Example Let's Look Field Worker Named Henry:
Henry may or may not have a hearty breakfast before coming to work at the construction site depending on a variety of factors outside your control and perhaps his too.
If Henry Is Hungry His body does not have enough fuel to produce good quality work efficiently at 100%, and it will show.
If Henry Is Not Hungry, He will deliver at 100% in less time with fewer mistakes and that saves time and money on your labor, material, warranty work and other costs.
If Henry Wastes Thirty Minutes A Day And you pay him $25.00 an hour, with the employment taxes and overhead he costs you roughly $35.64 an hour.
You lost you lost $17.82 on what can be measured. What cannot be measured; bad attitude disease, rework, warranty repairs, excess wear and tear on tools and equipment, etcetera is equal or greater than $17.82.
Henry Could Cost The Company $1,544.42 Each Year
At 10% Profit, You Need $15,544.20 More Sales To Maintain Profit Margin
After A Couple of Hours, Henry is dehydrated and burning calories and when Henry slows down you lose money!
Lunch Time Henry didn't pack a lunch; he wants to "work through lunch" and leave early. Around 02:00 PM his metabolism will drop, and he will be edgy, grouchy and nasty which cost you money!
02:00 PM Until Quitting Time Is when Henry will break something up or get hurt and require medical attention. If you are lucky, his afternoon production will be 80% of his morning production.
Profit Enhancement Strategy #01 Get a large cooler, stop by the convenience store get bags of ice, ice teas, bottled water, juices and some energy bars and related snacks. Cost per worker is approximate $5
Profit Enhancement Strategy #02 Lunch delivery to the job site every day. Alternate Pizza, Sandwiches, Chicken, Tacos, etc.
What You Don't Know Can destroy profitability because it is hidden. If you don't know how to analyze your QuickBooks reports get someone who does, perhaps Fast Easy Accounting.
The Same Scenario Applies To Office Staff Too!
Growing Profits By The Inch Is a cinch works great because we did it for years in our construction businesses and we do it now in our accounting office.
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 2063613950 or [email protected] and schedule your no charge one-hour consultation.