Markup and Profit Online Classes
$19.95 – $99.95
Our Markup and Profit class focuses on business management: pricing jobs, working with employees and subs, contracts, being profitable. Presented as six, one-hour online videos.
Streaming video, you’ll have immediate access and can view as often as you want at your convenience. No expiration, no recurring charges.
Our Markup and Profit class focuses on construction business management training: pricing jobs, working with employees and subs, contracts, being profitable. It is broken into six one-hour online videos, you can purchase just one, or all six for a discount. This contractor business management training has the goal of changing your way of thinking from that of a mechanic into thinking like a successful businessperson in the construction industry.
Streaming video. View as often as you want, no expiration date, no recurring charges. These classes are available online only. You’ll set a username and password during checkout, and have immediate access.
- Part 1 – Financial Basics, Estimating and Sales
- Part 2 – Markup and Margin Calculations
- Part 3 – Cash Flow Needs
- Part 4 – Contracts
- Part 5 – Business Problems and Making Money
- Part 6 – It’s All About Business
Contractors licensed in Oregon state: Purchase all six classes directly from Oregon Contractor Education to receive CCB credit.
Owner’s Salary for a Construction Company
Length: 3 minutes, 34 seconds
- Reasons for failure in construction
- 5 basics of survival
- Determining your financial requirements
- Estimating your job costs
- Setting your profit % – overhead expenses
- Projecting your sales – volume
Using Markup to Calculate Sales Price
Length: 2 minute, 3 seconds
- Calculating markup
- The right markup for your company
- A practice problem on markup
- Sliding scale markups
- Adjusting your markup
- Incorrect markup formulas
- Calculating margins
- Incorrect margin formulas
- Problems to watch for
- Purchasing a vehicle using margin
Warning Signs of Financial Trouble
Length: 3 minute, 58 seconds
- Pricing your services
- Avoiding financial pitfalls
- Payment Schedules
- Volume built per employee
- Unbudgeted Overhead Expense
- Know your cash flow needs
- O.C.R.A.
- Profitable vs. Competitive
- Market vs. Cost Based Pricing
- Preventing Business Failure
Cost Plus Contracts
Length: 1 minute, 25 seconds
- Importance of a detailed contract
- Writing your contract documents
- Contract language to keep you out of trouble
- Doing business with the government
- Contract layout
- Cost Plus & Time and Material Contracts
- Job Supervision
- Using change work orders
- Subs and change work orders
- Contract writing software
- Special contracts
Job Signs, Door Hangers – Advertising Your Construction Business
Length: 2 minute, 14 seconds
- Get leads, get jobs
- Job cycle
- Attracting leads
- Proprietary Information
- Better business practices
- Employees & subcontractors
- Paying employees
- Fraud and embezzlement
- Making clients a priority
- Building “quality” jobs
- Classes, seminars and conventions
- Recognizing problems in your business
- Preventing business failure
Working with an Attorney for your Construction Business
Length: 1 minute, 11 seconds
- Working with Professionals
- Tools for your business
- Formulas for your business
- Starting a new business
- Partnerships
- Some final stuff
Richard Jackson –
Outstanding for those just starting out. Fast paced but insightful.
JK –
These classes are so refreshing and are for new and seasoned contractors alike. If only I had some of this information when I was first starting out. 15 years into it and there’s still so much learning to do and I am grateful for all of the growth I have made thanks to Michael Stone since taking these online classes. You will not regret this purchase!