From The Desk Of
Bryan L. Ramirez, CPA
Fort Worth, Texas
Dear Residential Construction Company Owner,
Would you agree with me if I said that business has become increasingly challenging for residential construction companies like you?
I'm sure you've felt the pressure...
On top of inflation, material price increases, shortage of skilled labor, job costing, you are dealing with the stress of keeping up with your accounting records. It may feel like you are always behind, and never in a position to plan ahead.
As someone who's spent the past 5 years working with multiple residential construction companies across the US, I understand the unique challenges you face while running your business.
And here's the thing...
No matter where you're at in your business, the biggest challenge you face to having financial success and generating lasting wealth from your business is actually developing and implementing your accounting systems and understanding your business financials. Being prepared internally will help mitigate the external risks!
Great accounting systems are key for accurate financial statements. Accurate financial statements are key for effective tax planning. Effective tax planning is key for building financial wealth.
The process is not easy. A mistake can lead you to lose five to six figures of your hard earned money in a given year.
The truth is, it is easy to make money and increase business. The challenge is being able to keep up with the work, and profit from it.
What's the point of increasing your earnings, if your profits do not increase in proportion?
You have to have a strong internal business infrastructure that will not only keep up with the growth, but help you identify and bid jobs that are profitable.
The problem that I run into all the time is that most residential construction company owners focus more on the external problems, rather than fixing up their business internal infrastructure.
That's why I decided to write my latest book...
