Business owners maintain a heavy workload when managing a budget. From projecting costs to limiting spending, there’s a lot to forecast to keep the company in the black.
“The two things that are the most important to learn when you become a builder are to make sure you have a solid estimating system and a good job cost accounting system,” said Tom Stephani, president of Custom Construction Concepts and a previous NAHB instructor on the subject.
“One of the challenges for small builders is that many of them come up through the trades and they aren't as aware of how important the back-office stuff is,” said Stephani.
That’s why NAHB is offering a pair of interactive courses on Oct. 31 and Nov. 2 to help emerging owners learn how to better balance their books.
“I think anyone that's doing the books for a small company would be well served to see how it should be done,” said Alan Hanbury, president of House of Hanbury Builders and the instructor of NAHB’s “Business Accounting: A Road Map to Profitability” course.
“And if there’s any chance that a business is going to change their accounting system, this would be the perfect time to take the class, too.”
Business Accounting: A Road Map to Profitability
Tuesday, Oct. 31 | 1–4 p.m. ET
Job Costing: The Road Map Continues
Thursday, Nov. 2 | 1–4 p.m. ET