How to Increase Your Construction Company’s Profit
Learn to Increase Your Construction Company’s Profit.
About this course:
Do you own a construction or home improvement business? Are you responsible for the financial performance of the company you work for? If the answer is yes than you know the types of challenges that you face on a day-to-day basis managing and leading a successful construction company.
The construction and home improvement industries are difficult. Building a successful construction company that makes a profit takes a lot of hard work. The most successful contractors realize that they must continue to learn on a consistent and constant basis. The best of the best are students of their business. They continue to learn as they grow building on their past experiences. They understand that profit is a result of good decisions that they make.
The course examines the lack of financial responsibility and awareness that most construction company owners and leaders have. Statistic Brain reports that 53% of all construction company start-ups fail within 4 years of their founding. A primary reason for this failure is the lack of financial awareness of the company owner.
A solution for this problem is for construction company owners and managers to develop a solid understanding of how they affect and impact the income statement. When owners and managers understand how their actions impact the gross and net profit margins they can make more intelligent decisions regarding the financial position of their construction company.
This course focuses on the impact that owners and managers can have on the business’s income statement. It looks at the income statement - or profit and loss statement - and the major building blocks of this financial statement.
- The three main building blocks that make up an income statement.
- The difference between Gross Profit Margin and Net Profit Margin
- How you can impact the gross profit of your company through the first building block on the income statement.
- How you can impact the gross profit margin of your construction company through the second building block on the income statement.
- How you can increase the net profit margin of your construction company through the third building block on the income statement.
Chris has over 25 years of experience in the commercial and residential construction industry. He has worked in multiple roles including leading construction crews, leading sales and marketing and serving as president of his family's construction businesses.
Chris has estimated and sold projects worth over $1,000,000. He has also been responsible for maintaining key accounts for over 20 years which have resulted in millions of dollars in revenues from repeat customers.
His history and current industry involvement include:
- He is a third generation contractor. His grandfather first started in the roofing industry in the late 1940's.
- He currently serves as the President of his family's commercial roofing company.
- He currently serves as the President of Roof Asset Management Inc. - a roof consulting and evaluation firm.
- He is a certified John Maxwell Team trainer and coach.
- He holds an MBA in Executive Global Leadership from Delaware Valley University.
- He has studied leadership with Bell Leadership Institute - Chapel Hill, NC.
"I have had a front row seat to see the benefits of personal development have for individuals and the companies who pursue education and growth. Constant growth is the difference between success and failure in business."