This Podcast Is Episode Number 0320, And It Will Be About How To Build A Construction Company That Can Grow Without You If you are the typical construction contractor trying to keep track of your construction projects, meetings, tasks, and conversations without the tools and technologies you could be living in a nightmare. You can either keep on "Powering Through"- spend your life endlessly chasing details, missing appointments, suffer untold losses in cash flow and profits; or you can start developing a plan and work on your business. You may be getting your construction projects done with sheer will-power, but the lack of processes, business plan, and strategy will eventually wear you down. Successful contractors improve processes all year long. Your construction company can benefit from this system that other successful contractors are using now, which means there is no need to "Reinvent The Wheel." As your construction company grows and evolves, your processes can support the controlled and planned expansion. Here Are Some Important Questions To Consider: What if there was a way to have useful Financial and Job Costing Reports on demand 24/7 from a secure web portal that provides the information you and your construction company actually need rather than adapting the way you work to a tool that only partially addresses your construction company's needs? What if these tools and processes not only worked well within your construction company but allowed you to invite your Board of Advisors to participate and collaborate with you? What if these tools and processes could be customized for your particular construction company without having to go to multiple sources to get it done? What if these tools and processes required little or no technology investment? Please read objectively and assess your strengths and weaknesses in each area. You will be a better contractor for it. We do not ask you to change who you are but rather encourage you to do what you do best and outsource the rest. Some of you will experience a paradigm shift which is something deep inside yourself, recognizing there may be another way to do something you are already doing. Others will experience nothing. Whatever is in your best interest will occur. The Process-Dependent Approach: 1. Work for clients instead of customers The 80-20 Rule 20% of your customers usually generate 80% of your net profit. 20% of the goods or services you sell contribute 80% of your revenue. 20% or 2 out of 10 of your staff create 80% of the value for your customers. The most critical value proper bookkeeping brings to a business is an understanding of where your 20% is hidden. By generating daily reports that uncover the best customers, jobs, services, or products, you will soon see how you can refocus your internal efforts on doing more good work. 2. Use Change Orders The purpose of the construction change order form is to help you make a prisoner on paper any conversations between your customer and you, the contractor, your project manager, superintendent, foreman, construction worker or anyone else who has communications with your client. Your customers and clients may try to push you a little just to see if you will give them something for free so don't take it personally, it is just a game to them. Stand your ground, and in most cases, reasonable people will pay you a fair price for your services. Which means, in the end, your construction company will earn more money, pay better wages to your employees and you will generally enjoy a fuller and richly rewarding life. 3. Client and Document Management System With the rapid changes in technology, finding the right system that works best for you and your company might seem a bit of a challenge but well worth the time invested. Improper document management results in overpaying taxes and...