Running a Financially Effective Construction Company 3 hours – SRA0216

This course offers tips for managing a successful construction company and avoiding the most common reasons for failure. Topics include proper establishment and management of profit margin, overhead expenses, gross margins, breakeven point, operating capital reserve account, cash flow needs, change work orders, contracts, profit-and-loss statements, employee and subcontractor manuals, and year-end review and planning. Instructor: Michael Stone, former residential contractor, author and consultant for over five decades. Author of “Markup & Profit: A Contractor’s Guide Revisited.”