Building A Stronger Foundation for Profit and Success

Guest Speaker Shawn McCadden A special seminar event to help business owners survive today AND thrive tomorrow. Eight of every ten high quality remodeling business with raving fans for clients fail within the first five years. The number one reason contracting businesses fail s due to a lack of available money when they needed it, even if they are operating profitably. The number two reason is that they do not know the costs of being in business. Financial Self Quiz: Is your checkbook balance often lower than you expect? Do you know if you will make a profit this year? Do you know how much money will pass through your company at any given time? Do you always have enough money to pay monthly bills on time or meet payroll? Do you know whether you are buying rather than selling projects? Do you know how and when to predict the costs of doing business? Do you know what your options are for smart business growth? Are you confident about making it through the current recession? Will you and your business be ready to thrive when the economy turns around? If you answered no to one or more of these questions, you are definitely not alone. For many Builders or Remodelers financial management skills are not necessarily part of their educational background. So what do those who want to succeed need to know? Why try to figure this stuff out by yourself by attending the "Lumberyard School of Hard Knocks"? Shawn has already graduated from that institution and he is willing to share some hard earned lessons from the trenches! Join us for a fun and enlightening discussion to find out. Shawn McCadden will share some of the simple and successful strategies he has used to help other remodelers achieve the financial success they deserve. If earning and keeping profits is important to you and your business, you need to attend this down to earth, interactive and easy to follow seminar program. Learning Objectives: By completing this class you will be able to: -Determine the markup your business needs to use when pricing projects to ensure your ability to cover project and overhead expenses and maintain planned net profit. -Understand how to determine your company's gross profit margin requirement and breakeven point and how to use both to track your company's profitability. -Understand how sales volume and gross profit margins are interdependent and what you can do if one or both are falling short as you do business. -Know the differenct between cash and accrual accounting and which one to use for your business. -Understand and use a variety of options for better managing cash flow. -Take advantage of several options and strategies for smart business growth and know how business growth can affect your bottom line. -Identify important considerations and available options for making growth happen. -Make more money in less time and have more fun doing so!