RIBA Contractor and Remodeler Business Success Boot Camp
Session #3
Small Business Finances and Profit Strategies for Non-Accountants
Note: This is Session #3 of a FREE 5-session Educational Boot Camp for Remodelers, Home Improvement Contractors, Sub Trades and Builders
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This 2 hour session has been approved by the Massachusetts Board of Building Regulations and Standards for 2 credit hours towards Massachusetts Construction Supervisor License Continuing Education Requirements. Includes one credit in the Business Practices category and one credit in the Elective category
Course #CS-7500, Coordinator ID Number: CSL-CD-0075
Small Business Finances and Profit Strategies for Non-Accountants
A special Boot Camp session to help construction business owners survive today and thrive tomorrow.
Don’t Risk Financial Failure!
- Is your checkbook balance often lower than you expected?
- Are you putting your construction business at risk by guessing at what markup to use?
The Facts:
Eight of every ten high quality remodeling businesses with raving fans for clients fail within the first five years. The number one reason contracting businesses fail is due to a lack of available money when they needed it, even if they are operating profitably. The number two reason is that they do not know the costs of being in business.
Try this Financial Self Quiz to see if this FREE session can help you
So what do those who want to succeed need to know?
Why try to figure this stuff out yourself by attending the “Lumberyard School of Hard Knocks”? Shawn has already graduated from that institution and he is willing to share some hard earned lessons from the trenches!
Join us for a fun and enlightening workshop to find out.
Shawn McCadden will share some of the simple and successful strategies he has used to help other business owners achieve the financial and personal success they deserve.
If earning and keeping profits is important to you and your business, you need to attend this down to earth, interactive and easy to follow workshop.
“I have been trying to figure out this margin and markup stuff for my whole career. In five minutes you helped me understand what no one else has for almost 30 years!”
By completing this class you will be able to:
- Determine the markup your business needs to use when pricing projects to ensure your ability to cover project and overhead expenses and maintain planned net profit.
- Get a free Excel “Budget Worksheet” so you can use what you will learn to do your own budget right away
- Understand how to determine your company’s gross profit margin requirement and breakeven point and how to use both to track your company’s profitability.
- Get a free Excel “Planning for Profit Worksheet” that literally makes figuring out margin and breakeven as simple a filling in a few numbers
- Understand how sales volume and gross profit margins are interdependent and what you can do if one or both are falling short as you do business.
- Know the difference between cash and accrual accounting and which one to use for your business.
- Understand and use a variety of options for better managing cash flow.
- Take advantage of several options and strategies for smart business growth and know how business growth can affect your bottom line.
- Identify important financial considerations and available options for making growth happen at your business when the economy improves
- Make more money in less time and have way more fun doing so!
