Highly Successful Contractors Like Saving Money Where They Can
But Not On Cheap Tools, Equipment, Material, And Bookkeeping
Because That Always Costs Them Profit Dollars In The End
• Cheap tools break which slows the work down increases labor costs and in the end costs more than quality tools.
• Cheap equipment breaks down more often increases labor costs and also costs more than quality equipment.
• Cheap material is one of the causes for warranty work which drains profits and runs up labor and material costs.
• Cheap Contractor Bookkeeping can cost more than the previous three combined because of what you don't see.
The Cost Of Cheap Tools, Equipment And Material
Cheap Tools And Equipment - Cost a lot of money that you cannot see; out-of-sight means out-of-mind.
If Every Ten Minutes Your Construction Worker Costs You $5.94 then
the Construction Company loses $1,544.42 Each Year. At 10% Profit, You Need To Sell $15,544.20 More To Maintain Profit Margin.
For Example - Your best construction worker asks for a tool which costs $1,200.00, will save ten minutes a day in labor and last three years the most common response is "We can't afford it...make do with what you have...it is a poor craftsman who blames his or her tools".
When someone suggests "buying a tool to save money" most contractors hear "spend my hard earned money." These knee-jerk reactions come directly from the part of our brain called the "amygdala." It is what causes us to react to circumstances rather than respond them. It is also known as the "Fight or Flight" decision center. Break the cycle of "doing the same thing you have always done and got the same thing you have always gotten" by simply "Stopping And Thinking".
Cheap Contractor Bookkeeping
Until Your Construction Company - Reaches at least $5 million in annual sales you cannot afford to hire a qualified bookkeeper or construction accountant full-time to put on your accounting staff and don't be fooled; there is no such thing as a part-time qualified bookkeeper or construction accountant.
The True Cost Of A Cheap Bookkeeper At $15.00 Is Close To $25.29 Per Hour. For A Rough True Cost Of Your Bookkeeper Double, The Hourly Wage You Pay Them
Every Ten Minutes A Day Of Unproductive Office Labor Could Cost Your Company $273.93 Every Year. At 10% Profit, You Need $2,739.30 More Sales To Maintain Profit Margin.
Everybody Loses When A Contractor Goes Out Of Business Or Worse Yet Bankrupt!
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.