BuilderBooks, the book publishing arm of the National Association of Home Builders (NAHB) recently released a new publication, Managing Your Business With 7 Key Numbers. This new book lays out a process that will help business owners see where they stand every day, with every job, by monitoring just seven key numbers that drive all profits and cash flow.
Most builders and contractors struggle to get a clear picture of where their business is at the moment and where it's headed financially. By the time they compare their accounting reports with their job costing, estimating and change orders, and pipeline, it is often too late to make adjustments to guarantee profit.
Industry veterans Jeff Prager and Scott Stroud, provide a refreshingly different approach to business management, one that puts the focus on cash flow rather than profits. Managing Your Business With 7 Key Numbers was written to help small business owners understand how to get and keep control of the key areas of their business.
Managing Your Business With 7 Key Numbers takes readers through the fundamentals of management focusing on the right questions to ask in order to drive profitability. The book also shows builders and remodelers how to develop a process that alerts them immediately when costs or scheduling deviate from the estimate - in time to make adjustments to ensure profitability and cash flow.
Jeff Prager has founded, owned and sold multiple businesses, including Strauss Homes, a large homebuilding company based in Denver. He's the founder of Backroom Management Services, a full-service accounting firm specializing in the construction industry, and promotes the concept of Cash Flow Engineering as a way to streamline business management and ensure consistent and predictable cash flow.
Scott Stroud is the owner and host of BuilderRadio, a blog and podcast offering insights on marketing and selling new homes. He is also Business Development Manager for Power Marketing, a firm specializing in marketing for builders, remodelers and developers.
Managing Your Business With 7 Key Numbers is available for purchase ($35.95 Retail/$31.95 NAHB Member, ISBN978-086718-733-5) at BuilderBooks.com or by calling 800-223-2665. The eBook is available at ebooks.builderbooks.com ($24.99 Retail/$20.99 for NAHB Members).