The Purchase Order is one of the most important systems to help make sure you make money. Purchase orders provide the foundation to effective job costing and insures you get the facts on your production performance and profits. Here are the simple steps to implementing the Purchase Order System
I must admit that I am not very supportive of commissions. Typically, they are used as incentives to get employees to do better than they are already doing at their jobs. Incentives are used to coax the employee into better behavior, higher achievements, and improved results. They are paid extra if successful. The problem is rarely does this work. Rarely does coaxing or incentivizing actually produce better behavior. So the owner ends up paying twice for the behavior that should already be expected.
A change order is any change to the scope of work agreed to by the contractor and customer. In the insurance industry it is typically an upgrade or a downgrade to an already approved item of repair. For example, if a customer intends to change existing damaged carpet in 4 rooms of the house to hardwood the upgrade in material and labor costs represent the change order. So, how do you correctly do this?
For some owners growing their business is given only an occasional thought. But gaining new business, sustaining healthy profit margins, and accelerating gross revenue growth can’t be done in your spare time.
To grow your restoration business your company must pass several critical financial stress tests. Following the 2008 recession Americans became painfully aware of the importance of financial stress tests for banks that were just too large to fail. Stress tests whether financial or physical are indicators of health. Do you have the time for a check up to see how your business is really doing?