Running a construction business can be frustrating when you don't know what to do. The paperwork piles up because there are never enough hours in the day to do everything precisely as you want it to be. Especially true when it comes to accounting.
There are several more reasons you do what you do, including the satisfaction you get from getting the job done, the thanks and appreciation from your customers and clients, and the freedom and pleasure of being in control of your financial destiny.
Is your Construction Company Process Dependent Or People Dependent?
There is no one right answer; it depends on what you want from your construction company. Having owned and operated a few of them, I found the thrill of living on the edge, not knowing what new and exciting things would occur each day got real old real fast!
If your construction company depends on people to remember what to do, how to do it, when to do it, you are in for an emotional and financial Dog-And-Pony-Show-Roller-Coaster-Ride without any safety net, and it's not fun!
If your construction company depends on repeatable processes, you are in for a long, tedious, predictable ride on the Cash-Cow-Merry-Go-Round, and that is much fun!
When you were young and had a support system providing your food, clothing, and shelter, that was the time to own and operate your contracting company fast and loose without any checklists, processes, systems, or any of that perceived non-sense. You just went out and acquired some customers and found out what they were willing to pay you for.
Times change rapidly when you moved into the real world and needed to generate enough money to pay for all those nice things like food, clothing, and shelter.
Although there is no one-size-fits-all solution to your construction business woes, a shift in thinking can change your life. Being stuck and frozen means repeating the same mistakes and expecting different results. We have numerous free resources here and on our main website. Start from there and contact me if you need any help. Otherwise, I'm always ready to lend an ear.
About The Author:
Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or email sharie@fasteasyaccounting.com.