Financial Management
Take control of your residential construction business finances and make smarter, data-driven decisions. This financial management course is designed for small-volume builders and remodelers who want to improve profitability, manage cash flow and plan for long-term growth. You will learn how to interpret key financial documents, including income statements, balance sheets and pro formas, and use them to guide strategic planning. Through real-world examples and practical tools, this course connects your business goals with your personal financial objective, helping you build a more stable and successful future. By the end of this course, you will have the confidence to evaluate performance, reduce risk and lead your business with clarity.
This course is ideal for residential construction professionals who want to strengthen their financial skills and improve business performance.
You should take this course if you are a:
- Small-volume home builder looking to improve profitability
- Remodeler who wants better control over job costs and cash flow
- Business owner planning for growth, scalability or retirement
- Residential construction professional seeking practical financial management skills
By completing this course, participants will be able to:
- Use financial ratios and break-even analysis to evaluate business performance and guide decisions
- Create and apply pro forma budgets to forecast revenue and plan for growth
- Calculate and manage labor burden for accurate job costing and improved profit margins
- Use variance analysis and job costing tools to identify issues and maintain profitability
This course provides 6 hours of continuing education credits for all NAHB education credentials.
This course counts as 6 credit hours towards the required continuing education component of the NAHB Certified Master Building and Remodeling Professional Credentials (CMBP and CMRP).
