Generally Accepted Accounting Principles (GAAP) makes logical sense, but it doesn’t make “human sense.” GAAP both supersedes our natural behavior and makes us believe “bigger is better!” For construction businesses this translates to more and more sales, more equipment, and driving up the top-line revenue. But as construction business coach Shawn Van Dyke points out, when all your efforts are focused at the top of the P&L, you end up not controlling what drips down to the bottom line. And the bottom line is really all that counts.
In this session, presented by the author of Profit First for Contractors and The Paperwork Punch List, construction business owners and members of their top-level team will learn how to build profit into every job, how to set the profits aside through a custom cash management strategy, and how to change the way you do business to make the rest of the money work for you and your company.
Attendees will learn:
How to understand and evaluate their financial reports without the help of a CPA
How to set up a cash management system that will guarantee profits and eliminate waste
How to eliminate debt in their businesses and generate cash for future purchases and expenses
How to build profit into every job and ensure that profit remains in the business
You’ll take home a proven system you can put in place to guarantee profits, make accurate tax payments, eliminate debt, and streamline your construction business.