Podcasts about Bidding

This Podcast Is Episode 634, And It's About Financial Red Flags Your Construction Company Can't Afford To Ignore As a construction bookkeeper, I've had a unique vantage point, watching countless projects unfold from the first bid to the final payment. While the hammers and blueprints are the visible signs of progress, it's the numbers behind the scenes that truly tell the story of a company's health. And let me tell you, those numbers often whisper warnings before they start screaming.   Small business owners in the construction industry are incredibly busy. You're juggling bids, managing crews, dealing with permits, and ensuring client satisfaction. It's easy for subtle financial warning signs – what I call "red flags" – to get overlooked until they become critical problems. However, ignoring these signals can lead to severe cash flow issues, stalled growth, and even business failure.   Based on what I've observed, here are five common financial red flags that you absolutely cannot afford to ignore, along with practical steps you can take to address them. Red Flag #1: Constant Cash Flow Crises Despite "Profitable" Projects This is the most puzzling red flag for many owners. You look at your profit and loss statement, and it shows a healthy profit. Yet, your bank account is always running on fumes. You're constantly chasing payments, delaying supplier invoices, or juggling funds to make payroll. Why it's a problem: Profit is a theoretical measure of what you've earned over a period; cash flow is the actual money moving in and out of your business. In construction, where you often incur significant costs upfront (materials, labor for the first phase) and payments come in installments (often with retainage held back), it's entirely possible to be profitable on paper but cash-poor in reality. This constant stress impacts your ability to take on new projects, negotiate better deals, and even pay your team on time, leading to low morale. How to fix it: Implement Robust Progress Billing: Don't wait until a project is 50% or 100% complete. Structure your contracts to allow for regular progress payments tied to specific milestones (e.g., foundation poured, framing complete, rough-ins finished). This ensures a steady stream of cash. Aggressive Accounts Receivable (A/R) Management: Send invoices promptly as soon as milestones are met. Have a polite but firm follow-up process for overdue invoices. Don't be afraid to make phone calls. Negotiate Favorable Payment Terms with Suppliers and Subcontractors: While you want to pay your bills on time, try to secure longer payment terms (e.g., Net 30 or Net 45) from your vendors whenever possible. This helps you collect from your clients before your payments are due. Manage Retainage Proactively: Thoroughly understand the retainage clauses in your contract. Track how much retainage is outstanding for each project and aggressively pursue its release as soon as the contractual conditions are met. This money is yours; get it! Build a Cash Reserve: Even a small percentage of profit set aside each month into a dedicated savings account can create a vital buffer for lean times. Aim for 3-6 months of operating expenses. Red Flag #2: Consistently Inaccurate Project Estimates (Leading to Underbidding) Do you frequently find projects ending up significantly over budget, eating into your expected profit margins, or even becoming a loss? Do you often need to inform clients about additional costs? This points directly to issues with your initial estimating process. Why it's a problem: Inaccurate estimates mean you're consistently underbidding, leaving money on the table, or worse, taking on jobs that will inevitably lose you money. This directly impacts your profitability and, by extension, your cash flow, as you're funding the gap with either the cash from other projects or your capital. It also damages client trust when costs unexpectedly balloon. How to fix it: Implement Detailed Job Costing: This is a non-negotiable requirement. For every project, meticulously track all expenses, including labor hours (with specific tasks), material quantities and costs, subcontractor invoices, equipment rentals, permit fees, and miscellaneous expenses. Learn from Past Projects: Conduct a post-mortem analysis after each project. Compare your actual costs to your estimated costs. Where were the discrepancies? Was it materials? Labor hours? Unexpected site conditions? Use these insights to refine your estimating formulas. Categorize and Standardize: Develop a comprehensive system of cost codes for materials, labor types, and activities to ensure accurate and consistent tracking of costs. This consistency makes it easier to track and compare data across projects. Build in Contingency: Always include a contingency fund (typically 5-15% of the total project cost) in your estimates for unforeseen issues, changes in material prices, or minor scope creep. Use Estimating Software: Even simple estimating software can help streamline the process, ensure all line items are considered, and integrate with your accounting system. Red Flag #3: Uncontrolled Material Waste & Loss Are materials constantly going missing or getting damaged on site, or are you consistently buying more than what was initially estimated? This is a direct drain on your project's profitability and your company's cash. Why it's a problem: Every piece of wasted or lost material is money directly out of your pocket. It means you're paying more than you bid, leading to cost overruns. It can also cause project delays while you wait for replacements. How to fix it: Implement Strict Inventory Control: Secure Storage. Designate secure, organized storage areas on job sites for materials when not in use or overnight. Material Tracking System: For larger projects, consider a simple log or spreadsheet to track materials received and used. Regular Site Cleanliness: A clean, organized job site naturally leads to less waste and makes it easier to spot missing items. Careful Material Handling: Train your crew on proper handling and storage techniques for various materials to minimize damage and ensure optimal safety. Accurate Take-offs: Ensure your initial material take-offs (the process of determining the quantities of materials needed) are precise to avoid over-ordering or multiple trips to the supplier. Return Unused Materials: Establish a process for returning unused, undamaged materials to suppliers for credit, where possible. Red Flag #4: Inefficient Labor Utilization & Unaccounted Time Labor is often the most significant cost for a construction company. Suppose your crews are standing around, waiting for materials, traveling excessively between job sites without proper tracking, or simply not as productive as they could be. In that case, your labor costs are likely to be increasing significantly. Why it's a problem: Every idle hour or misspent minute costs you money. Inefficient labor directly reduces your profit margins and can cause projects to fall behind schedule, leading to client dissatisfaction and potential penalty clauses. Unaccounted time can also lead to compliance issues with wage and hour laws. How to fix it: Accurate Time Tracking: Implement a robust system for tracking employee time. This could include mobile apps with GPS features, biometric time clocks, or even detailed paper timesheets, as long as they are managed in a meticulous manner. Ensure all hours (including travel, breaks, and specific tasks) are accurately recorded. Optimize Scheduling & Workflow: Plan daily tasks meticulously. Ensure materials, equipment, and instructions are ready before the crew arrives. Minimize downtime from waiting or searching for tools. Cross-Training: Train your crew members on various tasks. This provides flexibility and prevents delays if one skilled worker is absent or busy elsewhere. Daily Huddles/Toolbox Talks: Begin each day with a brief meeting to review tasks, identify potential roadblocks, and ensure everyone is aware of their role. Regular Performance Reviews: Identify bottlenecks or areas where productivity can be improved. Provide training or reassign tasks as needed. Red Flag #5: Lack of Financial Visibility & Untimely Reporting Are your financial reports always weeks or months behind? Do you rely on gut feeling more than actual numbers to make business decisions? Do you only look at your bank balance at the end of the month? This means you're flying blind. Why it's a problem: Without up-to-date and accurate financial information, you cannot make informed decisions. You won't spot cash flow issues, cost overruns, or unprofitable projects until it's too late. This lack of visibility prevents strategic planning and proactive problem-solving. How to fix it: Invest in Good Accounting Software: QuickBooks Desktop or Online, Foundation Software, or other industry-specific solutions are essential. They automate data entry, generate reports, and track job costs. Maintain Clean Books Consistently: Don't let your bookkeeping pile up. Enter invoices, payments, and expenses regularly, ideally on a daily or weekly basis. This provides a real-time picture. Review Key Reports Regularly: Cash Flow Statement - Review it weekly or bi-weekly to track where your money is going and coming from. Job Costing Reports: Review weekly to compare actual costs against your budget for each project. Accounts Receivable Aging Report: Review weekly to see who owes you money and for how long. Work Closely with Your Bookkeeper: A good construction bookkeeper isn't just a data entry specialist; they are your financial partner. They can provide valuable insights, flag potential issues, and help you understand your numbers, enabling you to make informed, profitable decisions. Identifying and addressing these financial red flags isn't about adding more burdens to your plate; it's about building a stronger, more resilient construction business. By taking proactive steps and staying on top of your numbers, you can turn those red flags into green lights for growth and lasting profitability. Don't let hidden financial issues undermine your hard work on the job site – empower yourself with clarity and control.   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 managing 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 sharie@fasteasyaccounting.com    

This Podcast Is Episode 633, And It's About Cash Is King But Do You Have A Crown? Why Cash Flow Trumps Profit

Willkommen zur nächsten Folge von "Damit's bei dir Klick macht", dem True Online Marketing Podcast von Hanseranking! Abonniere jetzt und verpasse keine Episode! Smart Bidding klingt nach „einmal einstellen, zurücklehnen und Google macht den Rest“ – aber ganz so einfach ist es nicht. In dieser Folge von Damit's bei dir Klick macht zeige ich dir, wie automatisierte Gebotsstrategien in Google Ads wirklich funktionieren – und wie du sie so nutzt, dass sie dir messbare Ergebnisse bringen, statt nur Budget zu verbrennen. Bleib außerdem dran für kommende Folgen, in der ich dir tiefere Einblicke in spezifische Online Marketing Strategien und Interviews mit weiteren Experten gebe.

Ready to unlock your Property Investment game in 2025? Grab your FREE copy of our Buy-to-Let market guide today! https://bit.ly/buy-to-let-hotspots-guide-2025 ——————————————————————In this episode of This Property Life, host Sarah Blaney sits down with Simon Duckworth, Director at Triangle Property Solutions, to explore his journey from a corporate career to building a purpose driven property business. Simon shares how his strategic mindset, planning expertise, and desire for more autonomy led him to step away from the motor trade and dive into full-time property investing.Key LearningsStrategic use of planning permission can significantly boost project profitability.Building a business around lifestyle goals leads to long-term sustainability.Having clarity of purpose helps navigate uncertainty in entrepreneurship.A strong support network is vital to stay motivated and informed.Timestamps[00:00] - Trailer [01:38] - Simon's background in project and cost management[03:27] - What led him to transition into property full-time[09:01] - Auction registration [14:06] - Due diligence for Clients [18:52] - Values in buying & selling for Simon[25:13] - Negotiation auction conditions [39:16] - Final advice for aspiring property investors[41:27] - Where to connect with Simon and Triangle Property SolutionsThis Episode is Kindly Sponsored by:Visit thispropertylife.co.uk for more resources, networking events, and industry insights.Follow Simon Duckworth Socials:LinkedIn: https://www.linkedin.com/in/simon-duckworth-a1290048/?originalSubdomain=uk Website: https://www.trianglepropertysolutions.co.uk/ Follow This Property Life Podcast on Socials:Instagram: https://www.instagram.com/thispropertylife/# Facebook: https://www.facebook.com/profile.php?id=61564457166712&locale=en_GBLinkedIn: https://www.linkedin.com/company/this-property-life-podcast/about/ Youtube: https://www.youtube.com/channel/UCtmPj98bC6swNuYRCaUGPUg Twitter: https://x.com/propertylifepod Hosted on Acast. See acast.com/privacy for more information.

If you’re planning to buy in an area where auctions are common, then you need to understand how to win a property auction. Too many buyers show up on the day without a game plan, and we’ve seen it all. From people freezing up, bidding too late, or walking away from a property they actually wanted, just because they didn’t know how to handle the pressure. In this episode, we’re sharing the do’s and don’ts of auction day. We talk about the psychology behind the bidding process, what makes people lose control, and why staying calm and knowing your walk-away price is non-negotiable. There’s strategy involved, and if you don’t know it, you could end up making an expensive mistake. We’ll also walk you through how to win a property auction by showing you what prep actually looks like, beyond just getting your finances sorted. We cover how to read the auctioneer, spot bait pricing, and avoid getting psyched out by other bidders. It’s all about being ready before the auction even begins. At the end of the day, buying at auction doesn’t have to be terrifying. When you know how to win a property auction and you understand the rules, the pace, and the tactics; you’re not just crossing your fingers and hoping. You’re in control. Episode Highlights: 00:00 - Introduction 04:08 - Why do auctions freak people out? 07:15 - Auction DOs 10:15 - Auction DON’Ts Course Details: The First Home Buyer Course is our Step-By-Step, No BS Guide to Every Stage of The Home Buying Process – It's the next best thing to having your own buyer's agent. With our expert guidance, you'll know what to do at every step along the way. Become a home owner faster and easier. Click here: https://homebuyeracademy.com.au/YFHBG If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey! Subscribe on YouTube: https://www.youtube.com/@TheFirstHomeBuyerCourse Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825 Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f See omnystudio.com/listener for privacy information.

This Podcast Is Episode 632, And It's About Navigating Job Site Challenges For Small Construction Businesses As a small construction business owner, you're not just a builder; you're a problem-solver, a negotiator, a project manager, and often, the first one on-site and the last one to leave. While the vision for a completed project is always clear, the path to getting there is often paved with unforeseen challenges, daily inconveniences, and persistent problems.   I've seen it time and again from my vantage point, both as a previous construction business owner and now a construction bookkeeping specialist: these job site issues, if left unchecked, don't just delay projects – they eat into profits, strain client relationships, and can even jeopardize the future of your business. But here's the good news: recognizing common pitfalls is the first step to conquering them.   1. The Relentless March of Labor Shortages The U.S. construction industry is grappling with a significant shortage of skilled labor. Finding qualified carpenters, electricians, plumbers, and other tradespeople can be a constant headache, leading to project delays, increased labor costs, and a struggle to take on new work. How to Handle It: Invest in Training & Apprenticeships: Partner with local trade schools, community colleges, or established apprenticeship programs. Grow your talent by investing in on-the-job training for less experienced workers. Competitive Compensation & Benefits: Review your wage scales and benefits package. Offering competitive pay, health insurance, and retirement plans can significantly improve attraction and retention in a tight labor market. Employee Referrals: Encourage your current, trusted employees to refer candidates by offering a bonus for successful hires. Cross-Training: Train your existing crew members on multiple tasks to increase their versatility and cover gaps when a specific skill is in short supply. Utilize Technology for Efficiency: Leverage project management software to optimize scheduling and minimize wasted labor hours, maximizing the productivity of your existing workforce. 2. Escalating Material Costs & Supply Chain Disruptions From lumber and steel to concrete and specialized components, material prices can fluctuate significantly, and supply chain issues can lead to frustrating delays. This unpredictability makes accurate bidding and project profitability a constant challenge. How to Handle It: Early & Bulk Ordering: When feasible, order materials well in advance, especially for items with long lead times or volatile prices. Consider bulk purchasing when storage and cash flow allow. Multiple Supplier Relationships: Cultivate strong relationships with several suppliers. Having backup options is crucial for urgent needs or when your primary supplier faces delays. Price Escalation Clauses: Include clauses in your contracts that allow for price adjustments if material costs exceed a certain percentage, protecting your profit margins from sudden spikes. Explore Alternatives: Be open to using alternative materials or construction methods that offer cost savings or improved availability without compromising quality or code compliance. Real-time Cost Tracking: Utilize robust accounting and project management software to track material costs in real-time against your budget, enabling quick adjustments. 3. Navigating the Regulatory Maze: OSHA, Permitting, & Local Codes The U.S. construction industry is heavily regulated, with strict rules from federal agencies such as the Occupational Safety and Health Administration (OSHA), as well as complex state and local permitting and building codes. Non-compliance can result in substantial fines, project delays, and legal liabilities. How to Handle It: Prioritize Safety (OSHA Compliance): Implement a comprehensive safety program to ensure compliance with OSHA regulations and maintain a safe work environment. Conduct regular safety meetings (toolbox talks), provide proper Personal Protective Equipment (PPE), and ensure all workers are trained on OSHA regulations relevant to their tasks. Regular site inspections are key. Dedicated Compliance Officer: For larger businesses, consider designating a team member to be responsible for staying up-to-date on all relevant regulations and ensuring compliance. Permit Proactiveness: Start the permitting process early. Understand the specific requirements of each municipality you work in, as these can vary significantly. Consult Experts: Don't hesitate to consult with legal counsel, an experienced construction bookkeeper, or a safety consultant to ensure full compliance. Documentation is Key: Maintain meticulous records of all safety training, inspections, permits, and communications with regulatory bodies. 4. Poor Communication & Coordination Among Stakeholders Construction projects involve numerous moving parts: your crew, subcontractors, suppliers, architects, engineers, inspectors, and, of course, the client. Miscommunication or a lack of coordination can lead to costly errors, delays, and friction. How to Handle It: Implement Project Management Software: Utilize software designed explicitly for construction that enables centralized communication, scheduling, document sharing, and progress tracking, accessible to all relevant parties. Daily Huddles & Weekly Meetings: Conduct brief daily huddles with your on-site team to review tasks, address immediate concerns, and assign responsibilities. Hold weekly meetings with key subcontractors and the client for larger updates. Transparent Chains of Command: Define who is responsible for what and establish clear reporting lines to ensure accountability. Documentation of Decisions: Follow up verbal discussions with written summaries (emails or notes in your project management system) to avoid "he said, she said" disputes. Manage Client Expectations: Set realistic expectations from the outset regarding timelines, budget, and potential challenges. Implement a formal change order process for any scope adjustments. 5. Cash Flow Challenges & Budget Overruns Delayed payments from clients, unexpected expenses, and inaccurate cost tracking can quickly lead to cash flow issues and projects spiraling over budget, jeopardizing your business's financial stability. How to Handle It: Accurate Job Costing: This is my wheelhouse! Implement a robust job costing system that tracks every expense (labor, materials, equipment, subs) against specific projects. This helps you identify where money is being spent and where you might be losing profitability. Detailed & Realistic Bidding: Don't underbid to win a project. Include a reasonable contingency fund (typically 10-15%) for unforeseen issues. Progress Billing: Structure your contracts to allow for progress payments based on milestones achieved. This ensures a steady inflow of cash as work progresses. Aggressive Invoice Follow-Up: Don't let invoices sit unpaid. Have a straightforward process for following up with clients on outstanding payments. Leverage Technology: Utilize accounting software integrated with your project management tools to automate invoicing, track receivables, and monitor cash flow in real time. Building Success, One Solution at a Time Being a small construction business owner in the U.S. is not for the faint of heart. The challenges are significant, but they are not insurmountable. By proactively addressing these common job site problems with thoughtful planning, clear communication, strategic technology adoption, and a strong financial management system, you'll not only overcome obstacles but also build a more resilient, reputable, and profitable construction company that stands strong for years to come. Your foundation for success is built not just on steel and concrete but on sound operational and financial practices. P.S. We wish our construction community fathers a "Happy Father's Day" this coming weekend for being actual builders, both at work and at home! Your dedication to your craft inspires those around you, and the strength you show on the job site mirrors the strength you provide to your family. Thanks for laying a solid foundation of love, support, and hard work in our lives. Enjoy your special day—you've earned it! 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 managing 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 sharie@fasteasyaccounting.com

Joined by three former DOT leaders, the Let's Be Civil crew dives into the recent FHWA memo on anti-competitive bidding and breaks down the agency's recommendations, anti-competitive bidding methods, and the valuable role that cost-based estimation and pre-award analysis can play in ensuring fair competition. Host: Nate Binder, InfotechGuests:About Infotech: ⁠https://www.infotechinc.com/

Is gambling Gary a jerk for bidding $2000 at a live auction while his partner was in the bathroom? full 510 Wed, 11 Jun 2025 14:03:04 +0000 BxilS08fWi5O7f1dAgmoYuAFONsyhNdp society & culture Alley and DZ on demand society & culture Is gambling Gary a jerk for bidding $2000 at a live auction while his partner was in the bathroom? If you missed Alley and DZ this morning on 103.7 KISS-FM – you can catch up with the show here! Every show. Every day. No commercials, no music.    2024 © 2021 Audacy, Inc. Society & Culture False

Dynamic UP & DOWN bidding on Amazon PPC can be the difference between bleeding cash and printing profit.In this centennial episode of That Amazon Ads Podcast, Brett Messieh shows exactly when to flip Dynamic UP & DOWN bidding on Amazon PPC to crush ACoS and explode sales velocity.

#445 Ever thought about landing contracts with the U.S. government? In this episode, host Brien Gearin sits down with Jason White — aka J White — founder of The Federal Code — to explore the untapped world of federal government contracting. Jason shares his powerful journey from military jail to managing 39 active government contracts and reveals how he built a business earning residual income by acting as the middleman between service providers and the federal government. He explains how small businesses in virtually any industry — lawn care, IT, dry cleaning, security, and more — can win contracts without needing to change their core business. Jason also breaks down the step-by-step process for bidding, why communication and organization are critical skills, and how you can create recession-proof income by leveraging long-term government deals. Whether you want to land your first contract or build a full-time business around federal procurement, this episode is packed with insight, strategy, and inspiration! What we discuss with Jason: + How Jason discovered government contracting + Federal contracts for any industry + Bidding process explained step-by-step + Importance of communication and organization + Subcontracting vs. doing the work yourself + Residual income through long-term contracts + Why the government is a recession-proof client + Using SAM.gov to find contract opportunities + Managing 30+ contracts at once + Cold calling and securing service providers Thank you, Jason! Check out The Federal Code at TheFederalCode.com. Follow Jason on Instagram and YouTube. Get Jason's book and ebook. And follow us on: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tik Tok⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Youtube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Twitter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ To get exclusive offers mentioned in this episode and to support the show, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠millionaireuniversity.com/sponsors⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. EXCLUSIVE NordVPN Deal ➼ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://nordvpn.com/millionaire⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Try it risk-free now with a 30-day money-back guarantee! Want to hear from more incredible entrepreneurs? Check out all of our interviews ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠! Learn more about your ad choices. Visit megaphone.fm/adchoices

This Podcast Is Episode 631, And It's About Proven Strategies For Attracting Quality Construction Clients As a construction business owner, you already know that winning new work is the lifeblood of your company. But not just any work—what you need are quality clients: the kind who pay on time, respect your expertise and give you the types of jobs that grow your bottom line. As construction accounting and bookkeeping specialists, we've worked with dozens of contractors who struggle with the same thing: they're busy, but they're not profitable. Often, the root of the issue isn't in their craftsmanship or work ethic—it's in who they're working for and how they're finding those clients. Let's talk about how to attract and retain high-quality construction clients effectively—and how to make sure those relationships support the financial health of your business. 1. Know Your Numbers So You Can Know Your Ideal Client Before we even talk about marketing or referrals, you need to get clear on one essential thing: which clients are making you money? If you're not tracking your job costs, labor hours, overhead, and profit margins by project, you're flying blind. I've seen numerous contractors take on high-dollar jobs that ultimately drained their resources and paid far less than expected. Start by reviewing past projects: Which types of jobs were most profitable? Which clients paid quickly and didn't nickel-and-dime you? Which ones were time-consuming, unprofitable, or challenging to manage? By tracking this through your bookkeeping system—ideally using job costing reports—you can identify which types of clients and projects contribute to a healthier, more sustainable business. That's who you want to go after. 2. Referrals Are Gold—But Only If You Ask for the Right Ones Word-of-mouth is the #1 way most small contractors get new business—and for good reason. It's free, it builds on trust, and it often leads to high-converting leads. However, here's the key: you'll need to be intentional about it. Instead of saying, "Hey, let me know if you hear of anyone needing work," try: "I'm looking to take on more [kitchen remodels/new builds/commercial maintenance] in the next few months. If you know anyone looking for that type of work, I'd appreciate an introduction." Also, don't wait for the end of the job to ask. If a client is thrilled with your work halfway through, that's a great time to ask for a referral—when enthusiasm is at its highest. 3. Focus on Partnerships, Not Just Projects One-off jobs can keep the lights on, but ongoing relationships will grow your business faster and more sustainably. Some high-value partners to build relationships with: Real estate agents and property managers Interior designers and architects Developers or general contractors (if you're a subcontractor) Insurance adjusters (for restoration work) These partners often have a repeat need for reliable contractors and can funnel steady work your way. If your books show a constant trend of high-profit jobs from just one referral partner, it's a sign that deepening that relationship is worth your time. 4. Create a Simple, Credible Online Presence High-quality clients don't want to chase down a phone number scribbled on your truck. You don't need a flashy website, but you do need: A professional-looking website or landing page with photos, testimonials, and contact info A Google Business profile with updated hours, service area, and reviews Active social media only if you can maintain it—even one or two project photos a month can help When a potential client looks you up online, they should quickly understand: What kind of work do you do Where you operate Why can they trust you Think of your website as your digital job site—keep it clean, clear, and professional. 5. Don't Underprice to Win Jobs—It Will Cost You Later Here's where my accounting hat comes in: Undervaluing your work is one of the fastest ways to attract the wrong clients. Many solopreneurs think lowering their prices will help them stay competitive, especially during slower seasons. But cheap clients often lead to: Constant change orders without pay Late payments or no payments Poor reviews or lack of referrals And worst of all, it trains you to operate on razor-thin margins that won't sustain your business in the long term. Instead, use your financials to understand your real costs—then price accordingly. Your rates should reflect not only your labor and materials but also overhead, insurance, taxes, and profit. When you know your numbers, you can confidently say, "This is what it costs to do it right." 6. Offer a Great Client Experience—Then Ask for Reviews Happy clients are your best marketing. But they don't always leave reviews unless you ask. After the job wraps up: Send a quick email or text thanking them and asking for a review on Google or Facebook. Include a direct link to your review page (make it easy to access). Let them know how much referrals and feedback help your business. Even five or six solid reviews can help you stand out in your local area. That kind of credibility fosters trust with discerning clients—the ones who conduct thorough research and are willing to pay more for quality work. 7. Invest Time in the Right Marketing Channels Not all marketing strategies are effective for every construction business. Here's what tends to work best for small-to-mid-sized companies: Local SEO – Optimizing your website and Google profile for local searches (e.g., "kitchen remodeler in Austin") is a powerful strategy for enhancing your online presence. Project Signs – A simple branded sign on your job site can turn one job into three. Neighbors notice good work. Client Email List – Keep past clients informed with occasional updates, seasonal tips, and promotions. You'd be surprised how many people come back—or refer others—when you stay top of mind. Networking in Trade or Builder Associations – These groups often lead to strategic connections with other professionals who can send work your way. You can track your results and focus your time on what generates quality leads. Final Thoughts It's Not Just About More Clients—It's About the Right Clients Finding new clients doesn't mean saying yes to every job that comes your way. The most successful construction business owners I work with are selective in their approach. They know which types of jobs make sense for them financially because they're tracking their numbers. They build systems that attract and retain the clients that make their businesses profitable, not just busy. To attract more of the right clients, it starts with understanding your numbers and building your business around them. Need help getting your bookkeeping organized so you can actually see which jobs are working for you? I offer tools and templates made specifically for construction businesses—and I'd be happy to point you in the right direction. Want to get serious about growing your business profitably? Check out our Construction Bookkeeping Templates—designed to help contractors like you track job costs, monitor cash flow, and make smarter decisions with every client. Let's build a stronger business—one client (and job) at a time. 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 managing 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 sharie@fasteasyaccounting.com  

Is AI a leveller or a kingmaker? Let's explore this intriguing question as we discuss the transformative power of AI and how you can use it as a competitive edge in your business!Time Stamps00:44 - Episode Intro01:18 - AI Safety Concerns and Real-World Examples14:45 - AI as a Competitive Advantage25:20 - AI in Construction: Addressing Real Pain Points27:24 - Leveraging AI for Bidding and Estimations29:49 - Optimizing Business Processes with AI37:21 - Starting with AI: Practical Steps and TipsSnippets from the Episode  ” Make it a habit to start with AI, and you'll be better off than most people. -KhalilThe businesses that are going to win have data. That is where you start. The more data you have, the more valuable AI will be to you. -KhalilEinstein had a quote. He didn't remember numbers. He said, “Why would I take up my mental space with something I can readily look up?” -MartinResourcesCFC 153 - Stay One Step Ahead with Jon MatznerCFC 192 - AI for Contractors: How Can You Actually Use AI in Your Business?Lazy Leverage Podcast24 Things⁠⁠⁠ Construction Business Owners Need to Successfully Hire & Train an Executive Assistant⁠⁠⁠Schedule⁠⁠⁠ a 15-Minute Roadblock CallCheck out ⁠⁠⁠OpenPhone⁠⁠⁠Build a Business that Runs without you. Explore our ⁠⁠⁠GrowthKits ⁠⁠⁠Need Marketing Help? We Recommend ⁠⁠⁠Benali⁠⁠⁠Need Help with podcast production? We recommend ⁠⁠⁠Demandcast⁠⁠⁠More from Martin Holland⁠⁠⁠theprofitproblem.com⁠⁠⁠⁠⁠⁠annealbc.com ⁠⁠⁠⁠⁠⁠Email Martin⁠⁠⁠⁠⁠⁠Meet With Martin⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠More from Khalil⁠⁠⁠benali.com ⁠⁠⁠⁠⁠⁠Email Khalil⁠⁠⁠⁠⁠⁠Meet With Khalil⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠More from The Cash Flow ContractorSubscribe to our ⁠⁠⁠YouTube channel⁠⁠⁠Subscribe to our ⁠⁠⁠Newsletter⁠⁠⁠Follow On Social: ⁠⁠⁠LinkedIn⁠⁠⁠,⁠⁠⁠ Facebook⁠⁠⁠, ⁠⁠⁠Instagram, ⁠⁠⁠⁠⁠⁠X(formerly Twitter)⁠⁠⁠Visit our ⁠⁠⁠website⁠⁠⁠⁠⁠⁠Email⁠⁠⁠ The Cashflow Contractor

This Podcast Is Episode 630, And It's About Small Business Administration - Essential Strategies for Contractors Running a small business is exciting, but let's be honest, managing the admin side of things can feel overwhelming. Between keeping financial records, looking after daily operations, and ensuring compliance with tax laws, it's easy to feel buried under endless to-do lists. But here's the good news: with the right strategies, small business administration doesn't have to be a headache. Here are some practical steps to streamline your business admin, save time, and boost productivity, leaving you with more energy to do what you love – whether it's working at the jobsite or growing your business! Why structure is the foundation of success Think of admin tasks as the backbone of your business. If these tasks aren't handled regularly and properly, things can quickly spiral out of control. Staying on top of your admin enables you to see how your business is truly performing, reduce legal risks, and ensure everything runs smoothly.    Here's where accounting software can make your life easier:   Automated Bookkeeping: Track income and expenses without lifting a finger. Payroll Made Simple: Handle staff payments quickly and accurately. Real-Time Insights: Monitor cash flow and performance at a glance. Popular tools like Xero or QuickBooks are ideal for small construction businesses seeking to streamline administrative tasks. And the best part? They store everything digitally, ensuring you're audit-ready at any time. Go digital with your records. Paper receipts and ledgers are so last decade. Not only do they accumulate unnecessarily, but they're also at risk of being lost or damaged. Transitioning to digital records is a crucial step toward administrative efficiency. Here's how to make it happen: Scan and Upload Receipts: Use mobile apps to digitize paper invoices. Cloud Storage: Securely store records online for easy access and backups. Spreadsheets or Software: Use spreadsheets for basic tracking or invest in platforms that allow you to tag and code transactions instantly.  Digital records reduce clutter and make year-end tasks, such as taxes, much easier. Organize the administration with task breakdowns. Breaking admin tasks into daily, weekly, monthly, and annual routines will make them feel more manageable. Treat them like habits – they may be small tasks, but they add up to make a significant impact. Daily Tasks Devote just 15–20 minutes a day to knock out small but essential tasks like: Checking emails and responding to client queries. Logging sales and expenses into your accounting software. Scanning new receipts or invoices. Weekly Tasks Dedicate time weekly to review your business's operational health: Pay suppliers and review outstanding invoices. Reconcile accounts to ensure everything has been logged correctly. Schedule social media or post updates to engage your audience. Monthly Tasks At the end of each month, set aside time for: Payroll processing (if you have employees). Reviewing inventory levels and replenishing stock. Analyzing your profit margins or hitting sales targets. Annual Tasks The big picture matters, too! Annually, focus on: Preparing your taxes (or outsourcing them). Reviewing your business plan and setting goals. Evaluating ongoing contracts, insurance, or subscriptions. Breaking tasks into bite-sized chunks will help you stay on track and avoid falling behind. Tip: Set calendar reminders to stay on track! Pro Tip: Ask us about our "Five For Five at Five" When to consider outsourcing? If the admin is still consuming too much of your time, outsourcing can be a game-changer. Hiring a virtual assistant, part-time administrator, bookkeeper, or accountant can free up your schedule for high-impact tasks. Here are some options to consider: Virtual Assistants can handle tasks such as appointment scheduling, data entry, and email management. Accountants and bookkeepers can ensure accuracy and compliance with tax laws, saving you from costly errors. Freelancers or part-time administrative staff can step in as needed without the cost of hiring full-time employees. Outsourcing doesn't just reduce your workload – it also gives you peace of mind that specialists are handling complex tasks. Important Consideration:   Specialized accountants understand the nuances of the construction industry, including project costing and compliance with tax regulations, enabling them to provide tailored financial solutions. This expertise is crucial for navigating the complexities associated with managing construction finances and ensuring that your financial records are accurate and compliant with applicable laws.   Moreover, outsourcing minimizes the risk of errors that can arise from doing-it-yourself (DIY) accounting. Experienced specialists leverage advanced accounting software to track expenses, monitor cash flow, and prepare detailed financial reports. This precision not only aids in effective decision-making but also helps identify areas for cost savings and revenue growth. By having accurate and timely financial information, you can make informed decisions that positively impact your bottom line.   In Summary   Build a Sustainable Routine The key to effective administration in your construction business lies in consistency. Use Digital Tools: Leverage technology to stay organized and automate repetitive tasks, from invoicing to document management. Establish Routines: Make your administrative tasks part of your daily or weekly habits to prevent them from piling up. Seek Expertise: Don't hesitate to get help when necessary. Whether through software or professionals, utilizing available resources can free you to focus on your core business. By implementing these practices, you can establish a foundation for efficient operations and enhanced profitability in your construction business. If you're looking for assistance in streamlining your administrative processes, don't hesitate to reach out! Whether you have questions about your finances or need guidance on better practices, I am here to help. It's time to work smarter, not harder. 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 managing 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 sharie@fasteasyaccounting.com

This Podcast Is Episode 629, And It's About How To Optimally Allocate Resources For Construction Business Growth In the competitive construction industry landscape, efficient resource allocation is a fundamental pillar of success. Construction business owners like you face the dual challenge of meeting deadlines while adhering to budget constraints, making effective resource management essential.    As a business owner, you understand that growth doesn't just happen – it takes smart decisions, dedication, and a clear plan. One of your most critical decisions is allocating your resources effectively. Do you expand into new markets, invest in technology, or double down on customer acquisition? For many businesses, resource allocation is both an art and a science.   What is Resource Allocation?   Before we discuss strategies, let's clarify the allocation of resources. Simply put, it involves deciding how to allocate your resources—time, money, talent, and tools—to achieve your business objectives. It's not just a financial exercise but a crucial practice that determines whether your company grows or stalls.   Construction companies can streamline their operations and boost productivity by strategically assessing project needs, prioritizing tasks, and leveraging technology effectively. The ability to adapt resources dynamically enhances project outcomes and contributes to overall profitability. Implementing well-defined strategies for resource allocation empowers construction firms to navigate complexities and optimize their performance at every stage of the project lifecycle. Resource allocation is crucial for construction business owners to enhance productivity and ensure projects are completed on time and within budget. Here's why you should take resource allocation seriously: It ensures alignment with your business goals and vision. It helps you avoid wasting time and money on low-priority areas. It positions your business for competitive advantages through bold, forward-thinking moves. However, a reactive or incremental approach to allocation can derail your plans. Without a clear system, you risk spreading yourself thin – or worse, missing opportunities for growth. Understanding Challenges Knowing where you'd like to invest is one thing, but figuring out how to stay on track is often more complicated. Why do so many construction businesses struggle with resource allocation? The answer lies in three common challenges: 1. The comfort of the status quo It's easy to stick with what worked last year. For many companies, budgets are carried over without considering whether those plans align with the current strategy. Businesses often fall into this pattern, avoiding bold risks that could accelerate growth. 2. The impact of decision biases Even the best leaders are influenced by biases, like anchoring on past successes or favoring familiar options over innovative ones. These biases can snowball within any business, especially when teams resist change or prioritize short-term gains over long-term objectives. 3. Fragmented processes Resource allocation isn't a one-off task – it's an ongoing process. Yet, many businesses approach it without transparent governance or guidelines, leading to misalignment between strategy and execution. The good news? All of these challenges are solvable with a thoughtful, proactive approach. Here's how to take resource allocation from chaotic to productive. These steps focus on alignment with your long-term strategy while allowing you to adapt as conditions evolve. 1. Assess Project Needs: Begin by thoroughly assessing the specific resources required for each project, including labor, materials, machinery, and time. This helps in understanding the scope and scale of what's needed. 2. Prioritize Tasks: Identify critical tasks that need immediate attention. Utilize project management software to set deadlines and allocate resources effectively. 3. Prioritize High-Impact Areas: Not all investments are created equal. You can evaluate your business objectives to identify which initiatives will drive the most growth. Are you looking to improve customer retention, streamline operations, or scale a product line? Focus your resources on the highest-impact opportunities. Pro Tip: Use the 80/20 rule - 80% of results often come from 20% of efforts. Identify the game-changers and invest in them. 4. Utilize Technology: Implement construction management software to track resources, budgets, and schedules in real-time. Tools like BIM (Building Information Modeling) can help visualize resource allocation needs more effectively. 5. Invest in Human Resources: Ensure skilled labor is available. This may involve training staff or hiring subcontractors to fill gaps in expertise. 6. Flexible Resource Pooling: Maintain a flexible workforce that can be adjusted to meet project demands. Cross-train employees to take on various roles as needed. 7. Analyze Past Projects: Review previous projects to identify what worked well and what didn't. Learning from past experiences can help you make informed decisions. 8. Budget Wisely: Develop a comprehensive budget that includes all potential resource costs. This will help track spending and ensure that allocated resources stay within financial limits. 9. Communicate Clearly: Establish communication channels among team members to ensure everyone understands resource availability and project timelines. 10. Regular Review and Adjust: Continuously review the resource allocation throughout the project's lifecycle. Be prepared to adjust as necessary to meet the project's changing demands. How Can We Help? Effective resource allocation in the construction business is significantly enhanced through meticulous bookkeeping and accounting practices. By maintaining accurate financial records, construction firms can track labor, materials, and overhead expenses, enabling precise budgeting and forecasting. This helps businesses to monitor their cash flow effectively, ensuring that sufficient resources are available. We can help with regular cost control measures and Key Performance Indicators to identify discrepancies and prompt timely resource reallocation to keep projects on track. Additionally, specialized accounting software can streamline processes, providing real-time access to data and generating automated reports. Sound financial management empowers construction companies to optimize resource utilization, improve project profitability, and maintain a competitive edge. Final Thoughts A successful resource allocation strategy blends short-term execution with long-term aspirations. By aligning your daily decisions with your vision for growth, you'll create a resilient and future-ready construction business. Yes, it takes effort to go beyond the status quo and address inefficiencies, but the rewards are more than worth it. Instead of operating reactively, take control of your resources to set your business on a winning trajectory. Whether you're a budding startup contractor or a seasoned construction business owner, these steps will help you invest smarter, outperform the competition, and achieve your ultimate goals. Start by identifying one area where you can shift resources for greater impact. When these decisions feel overwhelming, there's no need to go alone. Time is your most valuable resource. Tap into our insights or receive guidance to create a growth plan.  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 managing 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 sharie@fasteasyaccounting.com

Fiona Adler - the mother of 17-year-old Bianca - joined Jacqui Felgate from Nepal. See omnystudio.com/listener for privacy information.

More and more homebuyers are paying way over the odds to buy second hand properties in Dublin. Exclusive research carried out for the Pat Kenny Show has found that one in ten second hand homes in the capital are now selling for €100k or more over their asking price.Bidding wars are becoming the norm, with many pointing the finger at Estate Agents for inflating prices. Our Chief Reporter Barry Whyte has been looking into the current second hand home market in Dublin.

Is "smart bidding" really that smart? This week Chris discusses the results from an experiment where the smart bidding strategy failed in comparison to the manual bidding campaign. Let's talk about why this happened and why it is important to understand that smart bidding is not always the smartest choice.Try Opteo for free for 28 days - https://opteo.com/pspChris Schaeffer - https://www.chrisschaeffer.comJoey Bidner - https://joeybidner.comWatch this episode on YouTube: https://youtu.be/jUP6KeOOmWcSubmit a Question - https://www.paidsearchpodcast.comTwitter - https://twitter.com/PaidSearchPod

Marvin explains, we talk Superman and Daredevil. Leave a message: ⁠⁠⁠https://www.speakpipe.com/WednesdayComics⁠⁠⁠WednesdayComics.comSponsors:⁠⁠⁠Rainbow Comics and Cards⁠⁠⁠Roots of the Swamp Thing

Recent reports suggest that high-profile celebrities are allegedly engaged in a bidding war to prevent the release of explicit tapes from Sean "Diddy" Combs' notorious "Freak Off" parties. Actor Daniel Baldwin claimed on the PBD podcast that these tapes, purportedly documenting illicit activities involving various celebrities, are being sold to those featured in them to avoid public exposure. Baldwin compared the situation to Jeffrey Epstein's secret recordings, highlighting the potential for significant reputational damage. The controversy has ensnared other prominent figures, including Jay-Z, who faces allegations of sexual assault alongside Combs. Jay-Z has vehemently denied these claims, labeling them as blackmail attempts.(commercial at 8:43)to contact me:bobbycapucci@protonmail.comsource:Diddy tapes spark 'bidding war' from stars over fears names will be released... claims Daniel Baldwin | Daily Mail OnlineBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

Today is Friday, May 16. Here are some of the latest headlines from the Fargo, North Dakota area. InForum Minute is produced by Forum Communications and brought to you by reporters from The Forum of Fargo-Moorhead and WDAY TV. For more news from throughout the day, visit InForum.com.

This Podcast Is Episode 628, And It's About Efficient Payroll Implementation For Construction Business Owners mplementing an effective payroll system is crucial for construction business owners, as it directly impacts project management, employee satisfaction, and overall financial health. Given the complexities of the construction industry, including varying pay rates, overtime requirements, and the need for certified payroll reports, developing a streamlined payroll process is essential.    Here are some steps to consider:   1. Determine Payroll Needs: Assess the size of your workforce (hourly vs. salaried employees). Identify the types of workers (e.g., subcontractors, full-time employees) and ensure your payroll system can handle various pay rates and classifications.   2. Choose the Right Payroll Software: Look for software that caters to the construction industry's needs, including support for job costing, lien waivers, and compliance with prevailing wage laws. Ensure it has features for tracking time worked, overtime, and benefits. 3. Set Up Employee Information:  Gather necessary documentation for all employees, including W-4 forms, identification, and relevant licenses.  Enter employee data into the payroll system, including their pay rates, tax information, and benefits enrollment. 4. Establish a Time Tracking System: Implement a reliable method for tracking hours worked. This can be done via paper timesheets, digital time clocks, or mobile apps. Ensure the method complies with labor regulations regarding work hours and overtime.   5. Understand Payroll Tax Obligations:  Familiarize yourself with federal, state, and local payroll taxes, including Social Security, Medicare, and unemployment.  Set up an account with the IRS and pay estimated taxes regularly to avoid penalties.   6. Communicate with Your Team: Educate your employees about how the payroll system works, including how to report hours worked and any deductions they may see. Keep an open line of communication for any payroll-related questions or concerns.   7. Run Payroll: Determine a payroll schedule (weekly, bi-weekly, or monthly) that best suits your business needs. Process payroll on time, ensuring accurate calculations for hours worked, overtime, and deductions.   8. Maintain Compliance: Stay updated with labor laws and regulations specific to the construction industry to avoid compliance issues. Keep records of payroll transactions and employee information for audit purposes.   9. Review and Adjust: Regularly review your payroll processes for efficiency and accuracy. Make adjustments as needed to enhance effectiveness and address any emerging issues. Consider soliciting employee feedback about the payroll process to identify any areas for improvement.   By following these steps, construction contractor business owners can implement a payroll system that meets their operational needs and effectively supports their workforce.    Now, what if you already have a system in place? Upgrading or changing your payroll system offers numerous significant benefits. Saving time and money, making everyone's lives easier, and improving integration are good reasons to consider a change.   But if the switch is mishandled, the results can be catastrophic and lead to long-lasting problems. So, please make sure that you allocate the project the time it requires. While some people may indeed enjoy coming to work, earning money is the main reason most people seek employment. Our jobs make the world go round, supporting us and our families so that we can afford everything else in life.   Not receiving payment correctly is a significant issue for your crew. As a construction business owner, you want to ensure your employees are paid sufficiently and on time. This protects your business and their happiness.   Changing payroll systems is a huge undertaking. Many moving parts and people will be affected. Ensure that this project receives the time and attention it deserves. Determine what will be necessary to make the transition, understand who it affects, and communicate with everyone involved. The planning process is critical. Treat it as the foundation to making the switch, and the rest will fall into place.   The primary motivation for implementing a new payroll system is to simplify processes. Yet, many construction businesses overlook how their new technology can help. It's easy to lean on old methods for getting things done because they're familiar, but that would be a mistake when switching to a new payroll system.   Ensure you are familiar with and understand the features of your new platform. The real-time, monetary, and energy savings will be realized here. Automate anything you can. When these tools prove their worth, your team will understand the rationale behind the switch.   That is why we're here. Fast Easy Accounting streamlines construction payroll by offering specialized services tailored for the industry's unique needs. Our bookkeeping services are designed to seamlessly assist you with your payroll processes, ensuring efficiency and accuracy at every step. Here's how we can help:   1. Tailored Solutions for Construction Payroll: We understand the unique challenges of construction payroll, such as varying pay rates, overtime calculations, and compliance with regulations. Our services are customized to meet these needs, ensuring every worker is paid correctly and on time.  2. Time Tracking and Data Management: We offer tools and systems for accurately tracking hours worked, including overtime and different pay classifications. Whether through digital time clocks or integrated apps, we help set up a reliable time management system that feeds directly into payroll, minimizing the risk of errors.  3. Compliance Assurance: Navigating payroll tax obligations can be complex, especially in the construction industry. Our bookkeeping services inform you about federal, state, and local regulations, ensuring you comply with all payroll tax requirements. We handle the calculations and submissions, allowing you to focus on your projects.  4. Efficient Payroll Processing: We streamline payroll by automating everything from calculating wages to processing payments. Automating these tasks saves you valuable time, allowing you to allocate resources more effectively.  5. Record Keeping and Reporting: Accurate documentation is critical for construction businesses, especially for audits and employee inquiries. Our services include maintaining thorough payroll records and generating necessary reports, such as certified payroll for government projects, that are easily accessible when needed.  6. Training and Support: We train your staff to use payroll systems effectively and provide ongoing support for any questions or issues. This ensures that your team feels confident and knowledgeable about the payroll process.  7. Monthly Reviews and Adjustments: Payroll needs can evolve as your business grows. We conduct regular reviews of your payroll processes and reports, making adjustments as necessary to enhance efficiency and address any new requirements that may arise.    Final thoughts   A well-implemented payroll system ensures that employees are paid accurately and on time and helps managers maintain compliance with labor laws and regulations. Furthermore, integrating payroll with project management and job costing enables better tracking of labor expenses and profitability for each project.    Deciding to change your payroll system is a big undertaking. But with some planning and preparation, it can be a smooth and rewarding transition.   For construction business owners, investing in a robust payroll solution means gaining a competitive edge, improving operational efficiency, and creating a positive work environment that fosters employee loyalty and productivity. By utilizing our bookkeeping services, construction business owners like you can ensure your payroll processes are compliant, accurate, and streamlined to support overall business growth and employee satisfaction. Let us handle the complexities of payroll while you focus on what you do best—building and growing your business. 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 managing 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 sharie@fasteasyaccounting.com  

Clark County Today's weekly poll asks if the I-5 Bridge project should be paused due to rising costs and limited contractor interest. Vote now at https://www.clarkcountytoday.com/opinion/poll-should-the-i-5-bridge-project-be-paused-over-cost-and-bidding-concerns/#ClarkCountyWa #localnews #I5Bridge #transportation #publicworks #VancouverWa #bidding #projectpause #infrastructure

Send us a textMost Amazon sellers don't use all the ad types available. This 2025 walkthrough shows how to run every campaign format. Learn how to structure and set up Amazon PPC ads including sponsored products, brands, display, and video. Understand bidding, placement, TACoS, keyword vs product targeting, and which campaigns to focus on first.Need help with your Amazon ads? Book a call with My Amazon Guy and get expert suppor fast: https://bit.ly/44uHuaR#AmazonPPC #AmazonAds #AmazonAdvertising #PPCstrategy #AmazonSellersWatch these videos on YouTube:Amazon PPC Tier List Management Rankings https://www.youtube.com/watch?v=m9s9vjtU5l4&list=PLDkvNlz8yl_a1PRDJWRoR4yIM8K5Ft569Why Turning Off Ads Kills Sales and Rankings on Amazon https://www.youtube.com/watch?v=fp5fCd0i7ts&list=PLDkvNlz8yl_a1PRDJWRoR4yIM8K5Ft569&index=2-----------------------------------------------Want better ad results? Download our free Amazon PPC Guide and start improving your campaigns today: https://bit.ly/3F8SBfsStruggling to rank higher? Grab our SEO Toolkit for Amazon Sellers and fix your listings the right way: https://bit.ly/4dkfxVBTimestamps00:00 - Are You Using Every Amazon Ad Type?00:36 - Intro to Ad Types on Amazon01:11 - Sponsored Products Overview01:51 - Naming Ad Groups the Right Way02:32 - Auto Campaign Setup Walkthrough03:14 - Bidding for Close, Loose, Substitutes & Complements05:01 - Negative Keyword & Product Targeting Explained06:04 - Campaign Bidding Strategies Compared08:01 - Understanding Placement Bid Adjustments10:11 - Proper Campaign Naming Examples12:02 - Budgeting Based on TACoS14:04 - Automated Tasks & Bid Scheduling14:37 - Manual Campaigns: Keyword Targeting16:02 - Broad vs Phrase vs Exact Match Keywords17:57 - How to Set Competitive Bids19:04 - Product Targeting Strategies20:50 - Why Price Matters in Product Targeting22:04 - Sponsored Brands Overview24:05 - Why Video Ads Perform Best25:32 - Store vs Product Landing Pages26:45 - Cost Controls & Keyword Targeting for Videos28:29 - Creative Guidelines for Sponsored Brand Videos30:12 - Sponsored Display Overview32:02 - Choosing Targeting Types on Sponsored Display34:46 - In-Market, Lifestyle & Remarketing Audiences35:11 - Creative Formats for Sponsored Display36:22 - Sponsored TV Explained (Why It's Rarely Used)37:11 - Recommended Budget Allocations by Campaign Type39:08 - When to Use DSP (Link to Deeper Guide)----------------------------------------------Follow us:LinkedIn: https://www.linkedin.com/company/28605816/Instagram: https://www.instagram.com/stevenpopemag/Pinterest: https://www.pinterest.com/myamazonguys/Twitter: https://twitter.com/myamazonguySubscribe to the My Amazon Guy podcast: https://podcast.myamazonguy.comApple Podcast: https://podcasts.apple.com/us/podcast/my-amazon-guy/id1501974229Spotify: https://open.spotify.com/show/4A5ASHGGfr6s4wWNQIqyVwSupport the show

It's Lance Roberts' 60th birthday, and the birthday faery made an early visit to the studio. Markets will be boosted today by news of an agreement between the US and China over tariffs. Is the recent market rebound a sign of recovery—or just a classic bear market trap? Lance Roberts breaks down what defines a bear market rally, why investors often get whipsawed by false hope, and how to position your portfolio amid short-term optimism and long-term uncertainty. With earnings season in full swing and rate cuts still in question, we'll explore whether this bounce has legs or is setting up for another leg lower. Lance is looking for a classic truck and has his eye on a '71 International Scout; interestingly, commentary on valuations, and the prices people are willing to pay. A history lesson on market corrections, recessions, and bottoms (with charts); why it's important to not ignore bear market signs. SEG-1: 60th Birthday, Mother's Day & Bear Market Rally SEG-2a: Bidding on a '71 Scout SEG-2b: Valuations Are What People Are Willing to Pay SEG-3: Bear Market Rallies and Market Bottoms SEG-4: Do Not Ignore Bear Market Signs Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch today's video on YouTube: https://www.youtube.com/watch?v=uTZmVaVMzpg&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Articles mention in this show: "A Bear Market Rally?" https://realinvestmentadvice.com/resources/blog/a-bear-market-rally/ ------- The latest installment of our new feature, Before the Bell, "S5-12-25 Do You Want to Make Some Money?" is here: https://www.youtube.com/watch?v=ngmFyV6B9TY&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Will Tax Reform Stall?" and "Money Advice for Single Moms on Mother's Day:" https://www.youtube.com/watch?v=7_0Zpmbtb-I&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=2&t=2s Watch the first-hour of the show here: https://www.youtube.com/watch?v=kwfW2yddsWI&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=9s ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- REGISTER FOR OUR NEXT CANDID COFFEE (5/3/25) HERE: https://realinvestmentadvice.com/resources/events/live-chat/ ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketRally #MarketConsolidation #100DMA #50DMA #200DMA #BearMarketRally #StockMarketUpdate #MarketVolatility #InvestmentStrategies #EconomicForecast #LanceRobertsBirthday #InternationalScout #RayDaleo #JohnHuntsman #PEterSchiff #InvestingAdvice #Money #Investing

Send us a textLearn how Amazon's four bidding strategies—fixed, down only, up and down, and rule-based—really work. Understand when to use each strategy depending on impressions, budget limits, or ACoS goals. This breakdown helps sellers avoid common mistakes with campaign-level bidding setups.Grab the PPC guide built by real Amazon experts and start making smarter ad decisions: https://bit.ly/43nMUDy#AmazonPPC #AmazonAdvertising #AmazonFBA #PPCstrategy #EcommerceTipsWatch these videos on YouTube:Amazon PPC Tier List Management Rankings https://www.youtube.com/watch?v=m9s9vjtU5l4&list=PLDkvNlz8yl_a1PRDJWRoR4yIM8K5Ft569Why Turning Off Ads Kills Sales and Rankings on Amazon https://www.youtube.com/watch?v=fp5fCd0i7ts&list=PLDkvNlz8yl_a1PRDJWRoR4yIM8K5Ft569&index=2-----------------------------------------------Not getting sales? Send us your listing and let our experts take a look: https://myamazonguy.com/contact/?utm_source=YouTube&utm_medium=referral&utm_campaign=Contact%20UsBook a free consultation with My Amazon Guy: https://bit.ly/44uHuaRGet the exact SOPs our team uses to choose the right Amazon bidding strategy: https://bit.ly/4cGqWigTimestamps00:00 - Amazon Keyword Bidding Options00:30 - What Are Fixed Bids?01:35 - When Fixed Bids Work Best02:00 - Understanding Dynamic Bids Down Only02:50 - Real-World Example with eBay03:30 - What Is Up and Down Bidding?04:20 - How Bidding Modifiers Stack Up05:05 - Rule-Based Bidding Explained06:10 - When to Use Rule-Based vs. Other Strategies07:00 - Final Advice for Picking the Right Strategy----------------------------------------------Follow us:LinkedIn: https://www.linkedin.com/company/28605816/Instagram: https://www.instagram.com/stevenpopemag/Pinterest: https://www.pinterest.com/myamazonguys/Twitter: https://twitter.com/myamazonguySubscribe to the My Amazon Guy podcast: https://podcast.myamazonguy.comApple Podcast: https://podcasts.apple.com/us/podcast/my-amazon-guy/id1501974229Spotify: https://open.spotify.com/show/4A5ASHGGfr6s4wWNQIqyVwSupport the show

It's Lance Roberts' 60th birthday, and the birthday faery made an early visit to the studio. Markets will be boosted today by news of an agreement between the US and China over tariffs. Is the recent market rebound a sign of recovery—or just a classic bear market trap?  Lance Roberts breaks down what defines a bear market rally, why investors often get whipsawed by false hope, and how to position your portfolio amid short-term optimism and long-term uncertainty. With earnings season in full swing and rate cuts still in question, we'll explore whether this bounce has legs or is setting up for another leg lower. Lance is looking for a classic truck and has his eye on a '71 International Scout; interestingly, commentary on valuations, and the prices people are willing to pay. A history lesson on market corrections, recessions, and bottoms (with charts); why it's important to not ignore bear market signs. SEG-1: 60th Birthday, Mother's Day & Bear Market Rally SEG-2a: Bidding on a '71 Scout SEG-2b: Valuations Are What People Are Willing to Pay SEG-3: Bear Market Rallies and Market Bottoms SEG-4: Do Not Ignore Bear Market Signs Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch today's video on YouTube: https://www.youtube.com/watch?v=uTZmVaVMzpg&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Articles mention in this show: "A Bear Market Rally?" https://realinvestmentadvice.com/resources/blog/a-bear-market-rally/ ------- The latest installment of our new feature, Before the Bell, "S5-12-25 Do You Want to Make Some Money?" is here:  https://www.youtube.com/watch?v=ngmFyV6B9TY&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Will Tax Reform Stall?" and "Money Advice for Single Moms on Mother's Day:" https://www.youtube.com/watch?v=7_0Zpmbtb-I&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=2&t=2s Watch the first-hour of the show here: https://www.youtube.com/watch?v=kwfW2yddsWI&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=9s ------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- REGISTER FOR OUR NEXT CANDID COFFEE (5/3/25) HERE: https://realinvestmentadvice.com/resources/events/live-chat/  ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketRally #MarketConsolidation #100DMA #50DMA #200DMA #BearMarketRally #StockMarketUpdate #MarketVolatility #InvestmentStrategies #EconomicForecast #LanceRobertsBirthday #InternationalScout #RayDaleo #JohnHuntsman #PEterSchiff #InvestingAdvice #Money #Investing

Thinking about buying your first home or upgrading to a new one?

Matt is joined by Risinger Build Executive Project Manager Daniel Glauser to discuss pre-construction service agreements (PSAs), emphasizing the importance of getting paid for the extensive time and effort builders invest before actual construction begins. They explain how PSAs help weed out unserious clients, foster transparent collaboration with architects and homeowners, and ultimately ensure a smoother, more efficient building process. Matt and Daniel outline Risinger Build's current process, which includes an initial discovery phase, a high-level estimate based on preliminary plans, and a formal PSA requiring a $20,000 deposit billed against their time. This allows them to guide clients early on, avoid surprises, and align budget expectations. They encourage other builders—even those working on smaller projects—to adopt similar practices, advocating for industry-wide change through local builder networks. Both Builders encourage others to value their time and expertise and move away from outdated bidding practices that devalue the work they do. By doing so, builders can cultivate better client relationships, make more informed decisions, and improve outcomes for everyone involved in the building process.Thank you to episode sponsors Huber & Truss. Learn more at huberwood.com & trusspayments.com.Find Daniel on the Web:Website: https://risingerbuild.com/Instagram: @risingerbuild_atx & @glauserbuilding Save the Date for Build Show LIVE 2025 in Dallas, TX: October 16-18, 2025!Don't miss a single episode of Build Show content. Sign up for our newsletter.

This Podcast Is Episode 627, And It's About The Essential Benefits Of A Purchase Order System For Contractors Running a small business is no small feat. Every purchase, every invoice, and every supplier relationship counts. But as your business grows, so does the complexity of managing procurement. This is where a Purchase Order (PO) System can help.    The importance of a POS for contractors cannot be overstated. In the fast-paced and often unpredictable world of construction, managing resources effectively is crucial for the success of any project. It is a fundamental tool that helps contractors streamline their procurement processes, maintain budget control, and ensure efficient communication with suppliers.   What is a Purchase Order System?   A POS tool helps businesses manage and automate the procurement process. It replaces manual methods with a structured, digital system to create, track, and manage purchase orders from start to finish. Think of it as your time-saving, mistake-reducing, cost-controlling ally in procurement.    Do you need one? Let's examine the benefits of using a purchase order system to help you decide if it is right for your business. 1. Reduce procurement time  How much time do you spend manually tracking purchases or chasing up approvals? A purchase order system streamlines the entire process, liberating you from the burden of admin tasks.  With just a few clicks, you can generate POs, send them for approval, and share them with suppliers. It simplifies requests by automating repetitive actions, helps you quickly process orders, and document all necessary approvals, freeing you up to focus on growing your business. Quick Tip: Look for a system that integrates seamlessly with your accounting software to automate even more of your workflow. 2. Enhance data quality  Errors in procurement paperwork can lead to unnecessary spending or damaged supplier relationships. A PO system eliminates manual entry and tracks every detail, ensuring accurate and consistent records. You can keep track of materials and supplies needed for a project, reducing the risk of running out or over-ordering. For example, automating data entry and storing everything in one place reduces mistakes, and locating records becomes much easier come tax season. Quick Tip: Choose systems with robust reporting features to give you insights into purchasing data. 3. Improve cost control  Do you sometimes overspend because you aren't tracking expenses in real time? A purchase order system changes this by offering real-time cost monitoring. It helps you manage your funds by clearly recording what has been ordered, how much it costs, and when payment is due. The system links each purchase to a budget, instantly allowing you to see the impact. This ensures funds are appropriately allocated and prevents unexpected costs from creeping up.  Quick Tip: Ask us how we can set your PO system for you. 4. Streamline internal approvals  How often do you deal with approval bottlenecks slowing down necessary purchases? With a PO system, approvals are digital, fast, and traceable.  It facilitates communication between you and your suppliers. They provide a formal way to convey requirements and expectations, which can reduce misunderstandings. You can set up tiers of approval based on purchase size or department, and team members can quickly approve requests from anywhere. This gives you the control to make decisions without the hassle of paperwork.  Quick Tip: Implement systems that offer mobile notifications for approvals to keep things moving even when key decision-makers are on the go.  5. Simplify compliance and audits  Small businesses can find it daunting to keep track of compliance. PO systems create a clear audit trail, providing peace of mind that every purchase and approval is documented.  In an industry where disputes can arise over the quality or timelines of materials, having a documented purchase order can safeguard contractors and suppliers. It establishes an explicit agreement regarding the purchase terms, offering a measure of protection should any issues arise. This legal backing can be invaluable in negotiations or as evidence in disputes. Quick Tip: For construction companies with complex regulations, ensure your PO system can handle complicated transactions and has audit-ready reporting features. By formalizing the process of ordering materials, you can convey your requirements to suppliers. With a purchase order in place, both parties have a documented reference that outlines the specifics of the transaction, including quantities, prices, and delivery timelines, which fosters a more collaborative and transparent relationship. This system creates a reliable audit trail. This is particularly important for financial reporting and compliance for contractors like you. Having a well-documented record of all purchases helps simplify the audit process, providing transparency and clarity that can build trust with clients, stakeholders, and financial institutions. In conclusion A purchase order system is not merely a bureaucratic formality but a vital contractor tool that supports effective budget management, inventory control, communication, legal protection, efficiency, and auditing. By incorporating a robust purchase order system into your operations, you can enhance your overall project management capabilities and increase the likelihood of delivering quality results on time and within budget. If any of the challenges above resonate with you, then a purchase order system might be necessary to sort your procurement, save time, and control costs. Even for small construction businesses, the advantages, like improved efficiency and better supplier relationships, can have a significant impact as your operations grow. Why not explore some options? Many PO systems offer free trials, giving you a risk-free opportunity to see how they could transform how you handle procurement. Start taking control of your purchases and setting your small business up for success. Chat with me today. 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 managing 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 sharie@fasteasyaccounting.com    

GovClose is the fastest way to break into federal sales — or scale it.Whether you're starting out or already selling, our certification gives you the system, tools, and training to win contracts now.Start here: ⁠https://www.govclose.com/sales-certification⁠The federal government is about to enforce CMMC at scale, and most businesses aren't ready. In this episode, I sit down with Jacob Hill, one of the most trusted experts in CMMC, cybersecurity compliance, and federal regulations, to break down:What CMMC really is (and what it isn't)The difference between Level 1, Level 2, and Level 3What contractors must do now to stay compliantThe massive opportunity for consultants in the CMMC spaceWhy small businesses are at risk of losing contracts and how to get aheadWhether you're a federal contractor, consultant, or just starting out in government sales, this episode gives you a tactical edge in a shifting compliance environment.LINKS AND RESOURCESGovClose Certification Program – for consultants and federal sales professionalshttps://www.GovClose.comWant to speak with Jacob Hill or get CMMC help?Comment “CMMC” on this episode or message me directly on LinkedIn.Connect with Richard C. Howard on LinkedInhttps://www.linkedin.com/in/richard-c-howardSubscribe to the show and leave a review if this helped you win smarter in government contracting.Training the top 1% of public sector consultants and sales professionals. If you're ready to build a pipeline of federal contracts or help others do it—we'll show you how.

Bidding is now open for the Cinco Celebration Sale!

In this episode of A Question of Law, solicitor Cora Sherlock looks at the bidding process when buying a house and she then goes on to explain the area of giving notice to a landlord. L'articolo A Question of Law – Cora Sherlock – bidding process when buying a house – giving notice to a landlord proviene da Radio Maria.

This Podcast Is Episode 626, And It's About From Chaos To Clarity: The Right Construction Job Management System Running a business involves countless moving parts, which can feel overwhelming. From managing projects and keeping the team on the same page to ensuring profitability. Have you ever sent an email about a critical update only to find that team members missed it? With a job management system, those headaches disappear.    Given the industry's complexity and unique challenges, effective job management is crucial for construction contractors. Managing multiple projects, coordinating teams, tracking budgets, and ensuring timely completion are just a few daily demands. A well-implemented job management system can be a game changer, streamlining operations and improving efficiency.    But how do you know if a job management system is right for you? And if it is, how do you select the one that best suits your needs? Let's break it down. The key benefits of using a Job Management System Investing in a job management system doesn't just make tasks easier—it helps your business thrive. Here are the top benefits of implementing one into your workflow: 1. Centralized Project Management A job management system allows contractors to manage all projects from a single platform. This central hub provides easy access to project timelines, tasks, and milestones, ensuring everyone knows their responsibilities and deadlines. 2. Enhanced Communication Clear communication is vital on construction sites. Job management systems facilitate real-time updates and notifications, reducing the likelihood of miscommunication between team members, subcontractors, and clients. 3. Efficient Resource Allocation Construction projects often require careful scheduling and resource allocation. Job management tools help track materials, labor hours, and equipment, ensuring that resources are used efficiently and reducing downtime on-site.  4. Real-time Reporting and Tracking These systems provide real-time updates on project progress, budget adherence, and timelines. This visibility enables contractors to make informed decisions and adjustments as needed, minimizing delays and cost overruns. 5. Financial Management Keeping construction projects within budget is critical. Job management systems help track expenses against budgets, providing insights into profit margins and alerting contractors to any financial discrepancies before they escalate. 6. Compliance and Documentation The construction industry is heavily regulated, and keeping track of permits, safety regulations, and compliance documents can be overwhelming. A job management system helps streamline this documentation, ensuring everything is up-to-date and easily accessible. How to Choose the Right Job Management System for Construction Contractors   1. Focus on your business needs Ask yourself, "What are my top priorities right now?" You may need better tracking for resource allocation. Your focus may be on speed or improving client communication. Write down what matters most—this will guide your decision. Determine your key requirements as a construction contractor. Consider factors like project size, number of team members, and specific functionalities you need, such as scheduling, budget tracking, or safety compliance. 2. Consider your budget Some systems offer all the bells and whistles, but they may strain your budget. Be realistic about what you're willing to spend. Remember, it's okay to focus on features that align with your goals and accept trade-offs for secondary needs. While investing in a robust solution is essential, ensure you find one that offers the features you need without overspending. 3. Understand your team and client needs Your team will use the system daily; in some cases, so will your clients. Choose intuitive and user-friendly software, especially if your team or clients have varying levels of comfort with technology. Given the diverse tech proficiency of team members, a user-friendly interface can enhance adoption and minimize training time. 4. Evaluate core strengths Every job management system has strengths. Some excel in scheduling and resource management, while others shine in reporting or integration with other apps. Research each tool's strengths and match them with your specific demands. Evaluate features tailored specifically for construction, such as Gantt charts for scheduling, bid management, and mobile accessibility for on-site updates. 5. Think beyond your industry Focusing on software marketed exclusively to your industry is tempting, but don't limit yourself. Tools designed for other sectors often have features that better align with your company's unique needs. Broaden your search to explore all options. Opt for a system that integrates well with other software you're using, such as accounting tools or design software. This can streamline processes and maintain data consistency across platforms. 6. Plan for implementation Even the best systems won't work unless they're properly implemented. Consider how much time and effort it will take to onboard your team, migrate data, and integrate the software into your operations. Look for providers that offer support or training to make this process smooth. Consider providers that offer solid customer support and training resources. Transitioning to a new job management system requires time and effort, so having assistance available can ensure a smoother onboarding process. Final thoughts A job management system can transform your business, helping you work smarter, not harder. It fosters better teamwork, provides real-time insights, and saves you from labor-intensive manual work—all while keeping your bottom line in check. A robust job management system can significantly enhance the efficiency and effectiveness of construction contractors. These tools can facilitate better project outcomes and increased profitability by providing streamlined communication, real-time data, and improved resource management. When selecting a system, focus on your specific needs, budget constraints, and the usability for your team. With the right job management solution, construction contractors can minimize chaos and focus on delivering quality results more efficiently. The right choice isn't solely about features; it's about finding something that aligns with your goals and empowers everyone, the team, and clients, to succeed. Let's chat today, and let me know if you need help choosing the right system for your construction company. 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 managing 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 sharie@fasteasyaccounting.com

Thinking about bidding on bonded jobs? Learn what surety bonds REALLY mean for your business. In this episode, Dominic Rubino interviews Matthew Snowden of The Mahoney Group, an experienced surety bond advisor. They cover what a bond actually guarantees, how to qualify, the risks of not being prepared, and how bonding can level up your business. Topics Covered:

Quinn comes to you LIVE 3 days before his wedding to reminisce about some of his worst dating moments, including Goodwill Christmas presents, the parking girl, and never getting to see Carmen.

New York State will award three coveted casino licenses by the end of this year. Nick Garber, politics reporter at Crain's New York Business, reports on where the process stands, including news on environmental reviews, a big player dropping out and where the Mets owner Steve Cohen's bid stands.

Today's episode is hot off the press. We're talking about the brand-new Executive Order from the White House that's set to completely reshape defense acquisitions. This isn't theory—this is a real-time opportunity for small businesses, non-traditional vendors, and tech disruptors to break through the red tape and start solving real problems for the government—faster and more directly than ever before. In this episode, I walk you through how to take advantage of non-FAR pathways like OTAs, how to build backchannel agency connections, and how to tap into the GovCon Giants community to align with national priorities. I'll also share what's coming down the pipeline, including our role in helping manage federal funds and upcoming live events that will connect you directly with decision-makers in 2025. If you've been waiting on a sign—this is it. Let's dive in.

Big News! Marketing O'Clock's weekly news shows are moving to a new day! Check back Monday bright and early for the digital marketing news of the week. Until then, Greg & Shep have a special bonus episode discussion Google Ads' smart bidding strategies.Visit us at - https://marketingoclock.com/

This Podcast Is Episode 624, And It's About Trading For Sales Vs. Trading For Profit In the Construction Business Times were tough, so Remodeler John decided to lower prices below those of his competitors. He promoted a charge-out rate 20% below the industry average, explaining that his overheads were lower than those of larger companies.   The turning point came after advice from his mentor. "You're selling yourself short, John," said the mentor. "With your qualifications and experience, you should charge at least as much as other businesses – if not more. I understand your marketing strategy, but I don't think clients see it that way. They are more likely to interpret lower costs as lower value and quality. In your industry, confidence goes a long way, so you shouldn't be afraid of marketing yourself at a price that reflects your expertise and experience."   Then came the call from his accountant. "Aren't the sales figures great?" said John, getting his bit in first. "Yes," said the accountant, "impressive sales indeed. That's the good news. The bad news is that the business has actually lost money over the last quarter."   This was how John learned that trading for sales and trading for profit could be different. Chasing sales revenue is fine, provided your prices give you a sustainable profit. John hadn't checked his costs for some time, so the unwelcome news from the accountant came as a shock.   In the construction industry, business strategies can vary significantly, particularly regarding the goals of trading for sales versus trading for profit. Understanding the distinctions between these two approaches is essential for contractors and construction businesses aiming for long-term success.   Trading For Sales   Trading for sales focuses primarily on generating revenue and increasing the volume of work undertaken. Businesses adopting this approach often prioritize:   1. Volume Over Margin: The goal is to secure as many contracts as possible, even accepting lower profit margins. This strategy can be beneficial for establishing a market presence and building a portfolio of work.   2. Winning More Contracts: Construction companies may aggressively bid to win contracts, often underestimating costs to make their proposals more attractive. This can lead to an immediate revenue influx but risks squeezing profit margins.   3. Short-Term Focus: While generating sales volume can provide immediate cash flow relief, it may divert attention from long-term sustainability and profitability.   4. Increased Risk: Accepting low-margin projects can expose businesses to more significant risks, especially if unforeseen costs arise or projects exceed budgets.   Trading For Profit   In contrast, trading for profit emphasizes the importance of maintaining healthy profit margins and sustainable business practices. Key aspects of this approach include:   1. Cost Analysis: This strategy involves thorough cost assessments to ensure all expenses are covered, and a reasonable profit margin is included in pricing. It prioritizes profitability over sheer sales volume.   2. Selective Contracting: Businesses may focus on projects that align with their capabilities and offer the best profit potential rather than simply accepting every available job.   3. Building Long-Term Relationships: Trading for profit often emphasizes forming relationships with clients based on trust and quality of work, leading to repeat business and referrals rather than one-off contracts.   4. Investment in Quality: By prioritizing profit, companies can invest in high-quality materials and skilled labor, enhancing their reputation and leading to better long-term outcomes.   Finding the Balance   While the two strategies may seem mutually exclusive, many successful construction businesses find a balance between trading for sales and trading for profit. Here are some strategies to consider:   1. Diversified Projects: Secure a mix of contract types—some aimed at building sales volume while others focus on profitability. This allows for stability and growth.   2. Efficient Operations: Improve operational efficiency to reduce costs without sacrificing quality. This can help improve profit margins while still being competitive in bidding.   3. Data-Driven Decisions: Utilize accurate bookkeeping and financial analytics to guide decisions. Understanding past project performance can help inform future bids and strategies.   4. Building Value: Shift client perceptions by emphasizing the value of your work rather than just the cost. Clients who recognize quality and reliability may be willing to pay a premium.   How Construction Bookkeeping Can Help You Avoid Selling Yourself Short And Price Your Services Competitively   Accurate bookkeeping can distinguish between thriving and surviving in the competitive construction world. Many contractors struggle with pricing their services correctly, often leading to undervalued projects and lost profits. Here's how effective construction bookkeeping can help you avoid selling yourself short and ensure you price your services competitively.   Understanding Your Costs   One of the primary benefits of bookkeeping is gaining a clear understanding of your costs. This includes direct costs such as materials and labor, and indirect costs like insurance, permits, and overhead. By tracking these expenses meticulously, you can gain insightful data about your actual costs, allowing you to create a pricing strategy that accurately reflects the value of your services.   Improved Project Costing   Construction bookkeeping involves detailed project costing, which enables you to evaluate how much time and resources are spent on each project. Analyzing past projects can identify cost overruns or savings trends that inform your future bids. Knowing the real costs helps ensure you're not underbidding your work, allowing you to set prices that fairly compensate you for your effort and expertise.   Cash Flow Management   Effective bookkeeping helps you manage your cash flow effectively. By keeping tabs on income and expenses, you can avoid the pitfalls of cash flow shortages that often plague contractors. A healthy cash flow allows you to invest in quality materials, hire skilled labor, and cover unexpected expenses without compromising future projects. This financial stability strengthens your position when pricing your services.   Competitive Pricing Strategy   With accurate financial data at your disposal, you can analyze what competitors are charging for similar services. Understanding the market rate allows you to adjust your pricing strategy accordingly. Comprehensive bookkeeping gives insights into deciding whether you compete on price, quality, or unique services.   Financial Insights for Growth   Detailed financial records provide insights not just for pricing but also for long-term growth. By assessing the profitability of different services or projects, you can strategically focus on the most lucrative areas of your business. This means you can price your services to reflect the value of your unique expertise and position yourself competitively in the marketplace.   Final thoughts   The trade-off between sales and profit is a critical consideration in the construction business. While generating sales volume can boost short-term revenues, focusing on profitability ensures long-term sustainability and growth. Striking a balance between these two approaches allows your construction company to thrive in a competitive market, optimizing revenue and profitability for lasting success.   Accurate construction bookkeeping is vital for ensuring you don't sell yourself short. Offering a clearer picture of your costs, optimizing project bids, managing cash flow, and formulating a competitive pricing strategy empowers you to price your services competitively.  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 managing 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 sharie@fasteasyaccounting.com  

This week on Birdie Little Secrets, Sydney and Kassidy are still buzzing from one of the most captivating golf tournaments of the year! The whispers are true – Rory McIlroy has conquered Augusta, securing his place in history as a Career Grand Slam winner. It was an emotional victory that resonated with everyone, making this year's Masters feel truly special (much to Syd and Kass's envy from afar – manifesting those Augusta National badges for next year!). Beyond the green jacket, the fashion game was strong, with the stylish attendees clearly understanding the assignment. The week was also filled with heartwarming news as Maya and Maverick McNealy announced their growing family, and the Homas clan revealed they're expecting another little one. The beloved Par 3 contest delivered its usual charm, with Frankie Fleetwood stealing hearts (and interviews!), though Claudia and fiancé, Nico Echavarria ultimately took home the coveted crystal. However, not all history made was celebratory. The ladies discuss Nick Dunlap's record-setting high score in a round, acknowledging his resilience in bouncing back and proving that even the best have off days. Syd and Kass also delve into some amateur antics and ponder any potential "hard feelings" between two golfers and a caddie. But the excitement doesn't stop there! Birdie Little Secrets welcomes the delightful Katherine Fitzpatrick to the podcast. Katherine spills all the tee on her recent wedding to Matt Fitzpatrick, offers insights into life on the PGA TOUR and the new TGL season, plus shares some exclusive behind-the-scenes scoop from the Masters. This jam-packed episode is one you absolutely won't want to miss! -- Exciting news! The PGA TOUR Wives Association Silent Auction is LIVE! This fundraising event is a way for spouses of PGA TOUR players to come together and raise funds to make a meaningful difference in the lives of the communities we travel to throughout the season.  From exclusive wine tasting experiences, vacation spots, children's clothing, and signed memorabilia, there's something for everyone - and it's all for a great cause! A big thank you to everyone who has donated an item! Please note, we can continue to receive donated items up until the conclusion of the auction and we encourage you to continue checking the website for new items. Bidding is open from April 15-30th here: https://givebutter.com/c/pgatourwivesauction/auction      

Frank starts the third hour talking about new robots that will do household chores and the impending likelihood of a robot uprising. He later is joined by Jeffrey Lichtman, veteran criminal defense attorney and the host of “Beyond the Legal Limit”. They discuss Diddy's legal battle, Trump's cuts to colleges and the mayor's race in New York City. Learn more about your ad choices. Visit megaphone.fm/adchoices

PinPoint Analytics is revolutionizing the public works construction industry with AI-powered bid intelligence. With over $4 million in funding, PinPoint is building what co-founder Mark Zurada describes as "the Zillow for public works." In this episode of Category Visionaries, I sat down with Mark to learn how PinPoint is bringing data-driven decision making to an industry where the "lowest price bid wins" mentality has traditionally forced contractors into a risky race to the bottom. Topics Discussed: The unique challenges of public works construction bidding, where lowest price wins but pricing information is non-standardized How PinPoint collects and digitizes data from every public works project in the country over the past five years The company's journey from 2.5 years of intense R&D to launching their first generally available product PinPoint's ingenious marketing strategy that leverages real-time bid data to target prospects at exactly the right moment The critical importance of finding specialized investors who understand the niche market Why few tech founders have ventured into the construction space, and how PinPoint's technical expertise gives them an edge   GTM Lessons For B2B Founders: Target the stakeholders with the highest pain point: PinPoint serves three customer segments (municipalities, engineering firms, and general contractors) but focuses primarily on GCs because they have the most financial risk and greatest need for the solution. As Mark explained, "GCs are our primary target, and they're basically the most at risk. They need this the most." When creating a new category, seek specialized investors: For companies building in niche markets, corporate venture capital from established industry players can be invaluable. Mark shared, "We really had to find a specialized VC... we ultimately landed a CVC, basically a huge construction conglomerate that felt the pain point. They're like, 'Oh my God, you guys can solve this. We've been trying to solve it forever.'" Build proprietary data moats: What attracts investors to PinPoint isn't just AI but their unique data assets. "VCs are really gravitating towards us because of the data moat that we have and the IP moat... We are an AI company solving a real-world problem with a great moat around us." Use your data to drive hyper-targeted sales outreach: PinPoint transforms the bid summaries they collect into actionable sales intelligence. "We know exactly who's bidding almost in real time... We're very focused on hitting our customers at the right time with the right message, with rich analysis on what they did, opening the doors to how our product could have helped them." Approach complex technical challenges with the right expertise: Sometimes the reason a market remains underserved is that the technical barriers are substantial. "We're really like tech guys building construction software... We know how to do data and analytics and AI extremely well... We just knew how to approach it and surmount some of those early technical problems that would have been super hard if you were coming at it from the other side."   //   Sponsors: Front Lines — We help B2B tech companies launch, manage, and grow podcasts that drive demand, awareness, and thought leadership. www.FrontLines.io The Global Talent Co. — We help tech startups find, vet, hire, pay, and retain amazing marketing talent that costs 50-70% less than the US & Europe.  www.GlobalTalent.co

Today's Talmud page, Sanhedrin 113, brings us to the end of our magical tractate. Rabbi Dovid Bashevkin joins us to recap what we've learned, and share Judaism's unique and inspired view of the law. Why keep the commandments when we're already guaranteed a place in the World to Come? Listen and find out.

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Subscribe to the ECB newsletter: https://newsletter.ecommercecoffeebreak.com/ ---In this episode, we explore how customers navigate from search to sale and how AI is driving consumer discovery and retail spend.Steve Warrington, SVP of Client & Industry Engagement at upp.ai, shares insights from research conducted with Retail Economics involving 2,000 customers and 100 major UK retailers. The discussion reveals why search engines remain the most influential discovery channel despite retailer underinvestment, how fragmented consumer attention affects purchasing behavior, and the critical role AI plays in optimizing search performance for retailers with large inventories.Link to research: https://insights.upp.ai/from-search-to-sale-report Topics discussed in this episode: Why search is underrated by retailers. How the customer journey has changed. What is the ‘messy middle' in eCommerce. Why older shoppers lean heavily on search. How AI improves more than just bidding. How to use product data to boost search. Why large inventory retailers need automation. Links & Resources Website: https://upp.ai/Link to report: https://insights.upp.ai/from-search-to-sale-report  LinkedIn: https://www.linkedin.com/company/upp-ai/  LinkedIn: https://www.linkedin.com/in/stephenwarrington/ Get access to more free resources by visiting the show notes athttps://tinyurl.com/3d9adw2z MORE RESOURCES Enjoying this episode? Here are a few ways to grow your business: https://ecommercecoffeebreak.com/level-up/ Store Optimization Beginners Guide: Instant PDF Download! It's FREE.

Erik Halterman is joined by Tristan Cockcroft of ESPN to review their NL-only Tout Wars draft, discussing their strategies and favorite value picks. Draft board: https://tinyurl.com/2025ToutWars.---00:00 Headlines14:30 Hitter/pitcher balance17:45 Building a deep-league bullpen21:00 $1 players26:20 Building a deep-league rotation32:30 Building a deep-league lineup36:45 Infield vs. Outfield40:35 Bidding tricks44:40 Tristan vs. Erik playing time battles49:30 Other interesting buys and builds57:10 Best bullpen buys---NFBC RotoWire Online ChampionshipThe NFBC RotoWire Fantasy Baseball Online Championship is Live!  Play fantasy baseball against your favorite RotoWire experts on NFBC this baseball season.  Jeff Erickson, James Anderson, Clay Link and more will compete in the RotoWire NFBC Online Championship for a shot at $150,000!  Sign up today!FantraxSign up for Fantrax FREE today and you'll be entered to win an Official MLB signed jersey from Vladimir Guerrero Jr. Simply visit this link to sign up today. Get the latest fantasy sports insights, expert analysis, and premium tools—subscribe now at RotoWire.com/pod

The Kansas City Royals are coming off a playoff season and bid for an encore. KC Star sportswriters break down the team on SportsBeat KC Learn more about your ad choices. Visit megaphone.fm/adchoices