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Chronicle's founder and President
comes from the contractor services industry. His background
as an owner of a disaster restoration and construction/remodeling
business has made it possible for us to develop a product
that is truly 100% designed for contractors.
Chronicle Tips focus on opportunities for improving
the results of rapidly growing small to medium contractor
services businesses. The topics include effective control
of labor, managing job costs and the daily things every
owner and manager should be doing to keep a watchful
eye over the operation. What is exciting about the Tips
Series is that everything covered is possible through
the Chronicle system. There are no tapes to buy or extra
software modules to upgrade. The Chronicle Tips are
simply plain old good advice that reflects our own experience
using Chronicle to build a successful disaster restoration
business.
Past tips are listed below.
Effective Accounts Receivable Management
Cash is king. Every business needs a strong system for collecting monies due. The task poses a variety of challenges and requires proper organization and easy access to critical information. [more]
Improving the Claims
Management Process
Businesses that rely on insurance company referrals must manage claims efficiently to maintain good relationships with agents, adjusters and customers. Efficient claims management also ensures collection of insurance claims accounts receivable in a timely fashion. Managing insurance claims professionally creates a lasting competitive advantage and distinguishes the organization from its peers. [more]
Job Costing as Your Businesses' Box Score
Job costing is the box score for your contracting business. Just like successful big league managers, small business owners need to manage by the numbers. What are the benefits of the job cost box score? First, job cost numbers provide an accurate reading of how well the business is doing in meeting its budgets and margins for both completed and on-going jobs. More importantly, timely, detailed analysis of your job costs is the key to greater success in the future; it can help you better manage future jobs. [more]
Building an Effective Labor Bonus Program
Labor is the single biggest expense item in most contracting businesses. In many cases, a job will be 85% - 90% labor. Employee efficiency and productivity are therefore essential for overall profitability, and depend on the right incentives to generate consistent results job after job. More »
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