Expert Columns: Page 121

How Much Profit is Enough?

Construction Business Coaching

Profitable construction companies have written, precise annual goals including revenue, gorss profit, overhead, net profit and return on equity

Companies that track costs, target profit, control overhead and watch what they keep are in-control, organized and one-step ahead of their competition.

Allocating Overhead via Man-hours

The Contractor's Business Coach

Allocating overhead based on job price might be the easiest way, but allocating based on per field man-hours generates the best bottom line

All of your estimating, budgeting, scheduling, job costing and financial reporting systems need to adhere to the same basis of allocation.

Thoughts On Caterpillar’s Second-Quarter Results

Caterpillar - Cat

A couple of key challenges have dropped Cat's revenues 16%, but here's why that's no reason to panic

Q2 2013 Cat Revs By Segment

Four Steps to Motivate Your Workforce

Construction Business Coaching

A leader's job is to discover what makes each worker do their best and produce outstanding results

Clear expectation, recognition, communication and showing you care can help motivate your workers to want to work like you want them to.

Long-term Planning vs. Short-term Survival

GB Financial Services, LLC

Manage both cash flow and costs to ensure continued viability for your construction business.

How to Set and Track Construction Production Goals

The Contractor's Business Coach

Production goals have a direct impact on profitability and competitiveness and can be the toughest business system to get right

Daily production targets are relatively easy to set if you invest a little thought into how to measure field productivity.

What It Takes - Now and Going Forward

Detmer Consulting Inc.

Tips on how rental business owners can adapt to the fast changing technological and professional advances of today's business world.

Look Before You Leap Into Equipment Acquisitions

GB Financial Services, LLC

If actions are taken to provide informed fleet additions and deletions, business owners can expect acceptable balance sheets, debt service coverage and positive cash flow.

Quality Control

Keep Track of Your Fleet... Or Else

Rental business owners should be alert and aware of new regulations in the equipment industry in order to provide customers with products that meet the new legal requirements.

Equipment Fleet 11141860

Nine Business Numbers You Need to Know and Track

Construction Business Coaching

Know, track and review these nine necessary business numbers on a weekly and monthly basis to keep your business going in the right direction

Track nine aspects of your business weekly and monthly to make sure your heading in the right direction and staying profitable.

Make Sure You Can Get Your Money's Worth

GB Financial Services, LLC

With prices increasing, make sure the return on investment potential is there before committing to a construction equipment purchase.

How to Produce Effective Equipment Costing

The Contractor's Business Coach

Equipment is a productivity tool and it should be costed to projects accordingly

A well-designed equipment costing system charges projects for the full cost of the equipment each uses.

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