Contractor's Survival Manual, Revised



Completely New Edition - Revised and Updated

Contractor's Survival Manual can teach you how to survive in hard times and succeed during the up cycles!

Save money & earn more money with your business. Discover for yourself the great results possible with this manual. Whether you’re just getting started or have been bidding jobs and meeting payroll for years, this practical manual will suggest unique ways to overcome your most persistent problems.

Discover what to do:
  • When the bills can't be paid
  • How to find money and buy time
  • How to transfer debt
  • Handling creditors
  • Cash float techniques
  • All the alternatives to bankruptcy
Contractor's Survival Manual explains how to build profits and avoid problems in zoning and permits, taxes, time-keeping and payroll.

Learn how to build sales and profits:
  • Using other people’s cash
  • Becoming a great salesman
  • Setting goals
  • Using limited partnerships
  • Building financial reserves
  • Accurate estimating
  • Calculating overhead
  • Contingency and profit margins
Completely updated, including major new sections on the use of personal computers for bookkeeping, estimating and scheduling, and Web addresses that have additional useful information.

You won’t find conventional advice in this book. Instead, expect to learn what’s really needed to survive, stabilize and thrive as a construction contractor.

Important, unconventional advice on how to:
  • Invest in inflation
  • Get high appraisals
  • Trade and postpone income
  • Stay hip-deep in profitable work
Contractor's Survival Manual is based on William Mitchell's proven experience as a self-employed general contractor, developer and architect. It describes how to build a prosperous construction contracting or subcontracting company of your own, and how to avoid many of the pitfalls along the way.



Table of Contents:

Part One: Surviving

Chapter l - The Basics of Construction Contracting, 7
Should You Be a Construction Contractor?, 8
A Word About Profits, 9
Preparing a Financial Statement, 10
Coping with Recessions, 11
Plotting the Construction Cycle, 11
Planning for the Economic Cycle, 14
Transferring Debt, 18
Finding a Group and Regrouping, 19

Chapter 2 - Which Way Is Up?, 23
Debt Organization and Priorities, 24
Too Little Debt, 27
Collection Agencies and Your Credit Rating, 28
Trading Services and Working Off Debts, 29
Liquidating Assets, 30
Hard Money Loans and Factoring, 33

Chapter 3 - Finding Money and Finding Time, 37
Interest Rates, 37
Buying Time, 40
Dealing with Your Banker, 42
Cash Flow, 42
The Tax Man, 43
The Utility Companies, 44

Chapter 4 - Got That Sinking Feeling?, 47
Bankruptcy and Legal Process, 47
Lawsuits and Judgements, 49
Mechanic's Liens, 52
Asset Protection, Trusts and Corporations, 53
Protecting Your Equity, 54

Chapter 5 - Who's Minding the Store?, 59
Accounting, 59
Your Checkbook, 60
Journals and Records, 61
Job Costing, 65
Payroll and Withholding Tax, 65
Billing and Statements, 68
Collections, 71
Insurance and Bonding, 72
Suppliers and Purchasing, 74
Employee Dishonesty, 77
The Labor Relations Board, 78

Chapter 6 - Who, Me Work?, 81
Sole Proprietor or Partnership, 81
Job Supervision and Your Foreman, 83
Losing Time, 84
Risk Management, 85

Chapter 7 - The Equipment Payment's Past Due, 87
Capital-Intensive Contractors, 88
Paper Contractors, 89
Doing Your Own Work, 89
Equipment Maintenance, 90
Switching Emphasis and Your Profit Margin, 92
Your Working Radius, 94
So You're a Lousy Salesman, 95
Repeat Business, 96

Chapter 8 - One Problem at a Time, 97
Your Home and Your Privacy, 97
Time Off, 98
Employees, 98

Part Two: Thriving Chapter

Chapter 9 - Your Purpose and Goals, 103
Goal Setting, 103
A Realistic Look at Retirement, 105
Your Work and Your Company, 108
Your Family and Your Business, 111

Chapter 10 - Going Where the Money Is, 113
Inflation: The Multiplier, 114
Their Buck vs.Your Buck, 116
The Limited Partnership, 117
Cash Is King, 120
Staying Power and Reserves, 120

Chapter 11 - So You Can't Find a Job?, 123
Talk to Your Clients, 123
Public Relations and Your Company, 123
The Prospect List, 124
Designing Your Company Brochure, 124
Magazines and Newspapers, 127
Recommendations, 127
Credit Checks, 128
Where's the Money Coming From?, 129

Chapter 12 - Over-Design, Under-Design & No Design, 131
Architects and Engineers, 131
Zoning and Permits, 132
Planning and Building Departments, 134
Plans and Specifications, 134

Chapter 13 - Second, for the Third Time, 137
What Business Are You In?, 137
If Bid You Must, 138
Negotiated Fees and Design-Build Contracts, 139
Adding Taxes and Insurance, 141
Kinds of Overhead, 143
Financing and Carrying Your Client, 144
Schedules, 144
Contracts, 146

Chapter 14 - Investing in Inflation, 149
Buying and Investing in Property, 149
Trading Property, 150
Deal Structuring and Financing, 153
In Summary, 155

Index, 156



By: Bill Mitchell
Published by: Craftsman Book Company
ISBN: 9781572181724
340 Pages, 8-1/2 x 11



Contractor's Survival Manual sur-c07$39.95



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