Over The Past 30+ Years -I actually have accumulated a ramification of phrases to explain the construction industry. Some of them are intended to be humorous, some are serious and the relaxation are unique. Please feel loose to percentage them with your friends, family and most importantly contractors as they’ll respect the humor and possibly discover price within the words of awareness we are sharing.
If You Have Any Others You Would Like To Be Added Please Leave A Comment On The Right
80/20 Rule – of a contractor’s wealth and well-being comes from 20% in their sports
24 Hour Bookkeeper – Bookkeeper that sits in your workplace quietly, no watering, no feeding, to be had to work around the clock, in no way wastes employer time surfing the internet or chatting on mobile smartphone
Aggravation Box – Computer with creation accounting software program operated through a trainee
Auction – End end result of working in the enterprise, that specialize in the wrong stuff and bad economic reviews
Auditor – Person who goes in after the conflict is misplaced and bayonets the wounded
Assets of Company – Cash / Receivables – Payables / Trucks / Tools / Equipment / Material
Assets of Firm – Cash / Business Process / Sales Process / Client List / Predictable Cash Flow
Bad Bookkeeper – Wealth prevention device retaining contractors from incomes more than bookkeepers
Bad Bookkeeper Thinking Patterns – Some of the reasons they do what they do to drive contractors crazy
Bad Bookkeeping – Saving money in the wrong place and making decisions on rubbish reports
Bad Numbers – Lead to bad decisions / cash shrinks / commercial enterprise unstable / financial disaster or failure
Bankruptcy – Result of saving cash on bookkeeping and making decisions on garbage reviews
BCA Business Coach – Someone who facilitates you boost your degree of questioning and profits
BCA Staff Member – Cheerful, well paid, questioning, responsible adult, Mastermind Team member
BCG Matrix – Graphical illustration of Cash Cows / Rising Stars / Question Marks / Dogs
Belly Button Accountability – The one man or woman who is liable for a deliverable on a construction assignment
Bid – A wild bet carried out to 2 decimal places
Bid Collector – Customer seeking out cheap contractor
Bid Opening – A poker recreation wherein the losing hand wins
Black Box – Computer with production accounting software operated by way of a trainee
Bookkeeper Training Contractor – Bookkeepers, who train the boss to let them are available in past due, depart early, name buddies and loved ones, take lengthy breaks, get paid more and do less and less.
BPM – Business Process Management for construction agency proprietors to develop passive income streams demolition contractor Kansas City
Budget Bookkeeping – Listing all deposits from the bank announcement as income profits and results in contractor paying too much in taxes.
Business Failure – No significant monetary and project control records within the calendar zone previous the failure
Business Life Cycle – Start small / develop huge / lose blouse / shy away to small commercial enterprise
Business Plan – A plan to have accurate economic reviews to base long and short time period choices on
Business Process Management – Develop a construction enterprise that generates passive earnings
Business Roundtable – Little round desk in tavern with pitcher of beer and 4 contractors strategizing
C.P.A. – Someone who is qualified to do tax returns and we refer a whole lot of enterprise to those that best do tax returns.