The perfect business is one that makes money while the owner sleeps. That's not literally possible for most businesses, but perfectly demonstrates the two objectives most major business owners: (1) maximize wealth and (2) discharge its business.

Companies do not create wealth and freedom by accident. They occur because the owner creates systems that turned the business into a well-oiled machine. Has systematized the six core functions of your business needs to have success?

• Marketing
• Sell
• Staffing
• Planning
• Monitoring
• Financial Control

After looking at the six, you may think you have systematized their construction business, but a better test is to look at the subsystems make the six systems. To help you develop a clearer picture of the activities of your company must do, here's a look under the hood of these six systems core business in the subsystems that make them go away.

MARKETING

The purpose of your marketing system is to produce a flood qualified sales. You need systems for:

"Getting Results from new customers.
"Getting Results from existing customers.
Referrals insistence from existing customers.
-Collect testimonials.
-Keep in touch with your customers.
"The disclosure of your business.
-Development of advertising pieces.

SALE

The purpose of sale system (and you have to consider selling as a system) is to obtain commitments from buyers who hire you. The subsystems are selling a combination of the tasks of sales, motivation, and development. You need systems for:

"Prioritization and driving.
"Drive beneficiaries.
"Following the prospects.
-Creating proposals and presentations.
Processing orders.
"Following customer after completing your project.
-Motivate finding and securing profitable sales.
"Improving sales techniques.
-Networking.
-Strengthening of their customer relationships.

STAFFING

The purpose of the staffing system is getting the right people in your company and get placed in positions that are suitable for individual and group success. You need systems for:

Advertising openings.
-Interviews.
-Create and update job descriptions.
-Communicating performance expectations.
Market monitoring rates of wages.
Dismissing-non-artists.
-Development of employee skills.
Rewarding good performance.
-Selecting the right people for promotion.

PLANNING

The purpose of their planning systems to eliminate negative surprises is the solution of problems before they arise. You need systems for:

-The determination that the markets will continue.
-Creation of its annual budget.
-Creating a cash flow budget.
"The increased capacity liaison.
-Planning project completion.
"Programming your teams.
"The determination of when to buy equipment.

MONITORING

The purpose of the monitoring system to ensure your business is performing as you need it to. Your tracking system should be monitoring the following elements:

-Expenditure vs. budget (employment and entrepreneurship).
-Revenue vs. budget.
-Gross profit vs. budget (employment and company).
"Labor productivity (employment and enterprise).
-Effectiveness of advertising.
The sales effectiveness.
"In conclusion-time.
-Employee performance.
"The cost of equipment.
Work time for primary tasks.
"For outstanding receivables.
"Sales pending.
Security efforts and injuries lost time.
-Estimate accuracy.
-Mark-up success.
-Re-work.

FINANCIAL CONTROL

The goal of systems Financial control is to make sure your business is on solid financial ground. You need systems for:

"The development of relationships with bankers.
"The development of relations with the bonds and insurance agents.
-Rating and evaluation of the CPA.
-How of appropriate business licenses.
-Processing of payroll.
-Make scheduled payments of federal and state taxes.
-Manage your cash.
"Verification is not money retired from the company badly.
-Verification of suppliers' invoices are legitimate.
The closing credits title Collectibles.
-Payment of bills on time.
-Paying employees appropriately.
-Presentation liens and claims.
-Gather information about employees.
-Sending 1099.
"Getting adequate insurance coverage.
-Verification of lease terms and payments are proper.
-Construction and management of their online credit.

Until you get all these subsystems into their place and people trained in how to perform properly, be a slave to your business and your wealth staff will be severely limited.

About the Author:

Ron Roberts runs a coaching practice that shows contractors how to build strong, profitable businesses. Pick up his free report, The 10 Biggest Mistakes Contractors Make, and sign up for his weekly Contractor Best Practices Newsletter at

http://www.filthyrichcontractor.com
.

Article Source: ArticlesBase.com – How Construction Contractors Get Rich

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