This Podcast Is Episode Number 438, And It's About Proven Proactive Contractors Formula To Get Things Done And Get Paid As much as we plan, it would be best if you were flexible, adaptable, and reliant. Things happen that are beyond your immediate control. Those of you who want a predictable environment are employees working for a large employer where schedules are fixed and doing the same things every day.      It was a different mindset when you became a Construction Business owner. You wanted to be independent, and part of being independent is that there is no one telling you what to do or when to do it. Your suppliers and government agencies direct you and impose fines and penalties when you get off track.   Proactive versus reactive are the two methods of getting something done. I find everyone works in a combination of both, I included. Proactive is scheduling and doing everything ahead of time. Nothing is ever waiting until the last minute. Reactive is more emergency-driven and are things that need to be done now.   As the Construction Contractor owner paying the bills, you are constantly concerned about "Making Money or Losing Money" jobs. It never seems like there is any money left over! Why does it seem like I am just watching the money fly by and zooming out of my checking account? First things first: Have you invoiced everyone? Do you have an easy way for your clients to pay you? Change orders - get them signed and delivered where appropriate (ASAP). Sloppy bookkeeping happens just a little at a time. There are not any limits to the number of transactions that can be entered into QuickBooks improperly. Messy files build transaction by transaction or, more simply put, invoice by invoice, receipt by receipt all can be entered into QuickBooks improperly. No popup says "This Is WRONG" – Do It Over. Reactive contractors practice the "Keep It Simple Method" for bookkeeping. Put all of the receipts in the drawer, out of sight and out of mind. The drawer is next to the computer with the QuickBooks for Contractors or other Bookkeeping Software on it.  Using the power of Wishful Thinking, the hope is that the transactions will "Magically Appear" into the Bookkeeping software without any additional assistance. Unfortunately, with all of the technology available, it still requires the help of a "Real Person" with skills to know where to put the transaction into the system.  Watch out for the customers who are not looking to pay you the value of your services.  These can be other contractors where you are working as a trade contractor or retail clients. Understand the rules about Notice To The Owner, and each state may have different laws.  RED FLAG anytime a homeowner or general contractor implies you will not get the job if you do not do this. On larger jobs, make it a habit to do Notice Of Intent To Lien. The notice does not say you will lien but protects your rights if you are not getting promptly paid. DO IT NOW – USE A SERVICE. Run, don't walk. If you are being threatened, then chances are they do not intend to pay you. Your supplier, whenever material is delivered, will automatically do a Notice Of Intent To Lien. This is a good thing because they are helping make sure you get paid for the material used on the job.  As a contraction accountant, I hear stories every day. Some are from contractors who gleefully brag about rejecting the estimates unless a discount is given (even when they know the price is reasonable). In my opinion, these are not good customers, just professional scammers. A good contractor knows his pricing and wants to give good value to his customers and pay a fair price to his contractors.     I have heard people bragging about not paying the contractor unless additional unpaid work is completed in social settings. It takes a lot for a customer (I mean scammer) to get on "The Bad List" of fast food places. Do you have clients,...