Gotta be honest at first I stared to say another nothing burger post cast but nope I was dead wrong these guys knocked it out if the park on thier cross talk and the information that was given was pure gold and hit the nail right on the head thank you guys for producing this content it will be vary valuable to me as I move forward with my startup
@rapidresultcreatorsКүн бұрын
Thanks for your input. I’m glad the information will be useful for your startup! Congrats on deciding to start a new business.
@MASHOORKODAPPANAKKAL-cm4jc8 күн бұрын
Well said🎉
@rapidresultcreators8 күн бұрын
Thanks! 🙂
@johnpallen87478 күн бұрын
Does Contractor Foreman send the actual bills over to quick books for tracking hst?
@rapidresultcreators3 күн бұрын
Hey John, Contractor Foreman does sync with QuickBooks and data can be sent back and forth from either one to the other. There is a lot of functionality although setting it up properly and having a process for how you want the information to flow can be the challenging part. As far as tracking hst specifically that would be best answered by a rep at Contractor Foreman. The way I think about it is QBs is still the main software for managing business financials and Contractor Foreman is used for job tracking / costing. Hope that makes sense. If you would like to chat more about it feel free to reach out via our website: rapidresultcreators.com Are you currently using Project Management software? If so which one/s?
@mohibquadri405314 күн бұрын
Are there any smart ways to increase my earning ability and salary as hvac engineer in Aec construction industry without depending on years of experience which is a pre requisite sometimes to determine salary.. which books would help in this scenario and becoming indispensable or irreplaceable...
@rapidresultcreators12 күн бұрын
If you are an employee in a business and not planning on starting your own company the best way to increase your income long term is through investing in wealth building. Keep your expenses low and put 20% or more of your income into long term investments. Suggested reading is: 1. The Richest Man In Babylon 2. Money Master The Game Beyond that you could look at starting a side business by becoming an independent contractor / service provider.
@goeth89b15 күн бұрын
I wish you would show not tell. This is a video of a guy instead of a method
@rapidresultcreators15 күн бұрын
Got it, thanks for the feedback. This video was designed as an overview of bookkeeping and financial concepts for contractors. Maybe I’ll publish a more nuts and bolts video in the future.
@josiahutah371216 күн бұрын
What a great interview! Definitely some good advice!
@rapidresultcreators15 күн бұрын
Glad you enjoyed it! 💯
@-PowerofQuran-zk2ij21 күн бұрын
Hello sir, Your videos are great! I can optimize your content for better search visibility. Let's discuss how to rank higher on KZbin.
@rapidresultcreators20 күн бұрын
I appreciate the comment. No thanks for the SEO services, I’ve got it covered.
@-PowerofQuran-zk2ij20 күн бұрын
@@rapidresultcreators Thanks for your response.
@josiahutah371222 күн бұрын
Thanks for the info!
@rapidresultcreators21 күн бұрын
Happy you liked it! 👍🏼
@user-kl3ss1gy7o23 күн бұрын
😊😊😊😊😊🎉🎉
@rapidresultcreators23 күн бұрын
🙂💯
@user-kl3ss1gy7o23 күн бұрын
🎉🎉🎉😊😊😊😊😊
@rapidresultcreators23 күн бұрын
🙂👍🏼💯
@user-kl3ss1gy7o24 күн бұрын
THANKS
@rapidresultcreators24 күн бұрын
You’re very welcome. 🙂👍🏼
@Itstonytalking24 күн бұрын
I enjoy how clear you are in your approach. This is a duplicatable process for sure.
@rapidresultcreators24 күн бұрын
Good to hear that man!
@InnaMiron24 күн бұрын
Hi I tried to download the free template but it just sends me to your site that wants me to sign up for courses. also I have to fallout my personal info and email and subscribe to even det the download, then the link leads me to a file that is a virus. There is no free template, just a free virus and a whole bunch of course sales.
@rapidresultcreators24 күн бұрын
Hi Inna, thanks for letting me know. I’ve replied to your email and sent you the template. Sorry to hear the website download is giving you issues with a virus warning. It may have something to do with your browser or security settings.
@thedadnextdoor28 күн бұрын
Stay til the end of you'll miss the best part. God bless you brother.
@rapidresultcreators28 күн бұрын
Much appreciated, God bless.
@AceCPAsBookkeepingАй бұрын
TLDR: Efficient invoicing and payment terms are crucial for construction businesses to maintain cash flow, avoid conflicts, and ensure timely payment from clients. 00:00 💡 Invoice construction clients efficiently by setting up a proper payment schedule and terms, and exploring different payment methods to get paid faster. 00:56 💡 Communicate payment terms upfront with construction clients to maintain cash flow and avoid conflicts, especially for commercial projects with longer payment terms. 02:41 💰 Collect a sizable deposit upfront, invoice for completed portions of the project, and ensure final payments are made on substantial completion to avoid delays and ensure client comfort. 04:33 💡 Proper invoicing and bookkeeping are crucial for timely payment from construction clients, and it's best to avoid cash payments and opt for checks, credit cards, or online bank transfers. 05:56 💡 Utilize a system to track and manage construction client invoices, minimize unnecessary payment fees, and ensure easy tracking of payments and cost codes. 06:57 💡 Implementing streamlined invoicing improves client experience, cash flow, and business efficiency, while offering early payment incentives and charging extra fees for credit card payments can ensure faster payment and save on processing fees. 08:29 💡 Offer multiple payment options and request upfront payment for change orders to avoid discrepancies and ensure timely payment. 09:39 💡 Offer financing options and invoice clients sooner to increase cash flow and ensure timely payment.
@rapidresultcreatorsАй бұрын
Great summary 👍🏼
@justkelleeАй бұрын
These videos are so helpful! Thank you!
@rapidresultcreatorsАй бұрын
Glad you like them! What topic would you like to see more content around?
@johnmanuelmaramba7129Ай бұрын
Do you recommend Qbo software for construction businesses?
@rapidresultcreatorsАй бұрын
Yes I recommended QBO for most contractors. It’s widely used and integrates well with many other construction software.
@cavataioangelo9349Ай бұрын
Hey I was looking for some help wondering if you would still be interested in helping me out.
@rapidresultcreatorsАй бұрын
Sure thing, you can connect with me via our website. Send a message or book a strategy call: rapidresultcreators.com
@FarazVisuals2 ай бұрын
I sent you a DM on instagram and waiting for your response
@rapidresultcreators2 ай бұрын
Got it 👍🏼
@AceCPAsBookkeeping2 ай бұрын
TLDR: Implementing a system with four key components and utilizing software can help construction professionals quickly and accurately estimate project costs, saving time and ensuring proper compensation for their work. 00:00 🏗 Learn how to quickly estimate construction projects by implementing a system with four key components for accurate quoting. 01:01 💡 Establish cost codes and standard pricing for different categories of costs in a construction project, and use software to streamline the estimating process. 02:06 🏗 Use Excel or accounting software for estimating, and utilize pricing, project management, and plan takeoff software for efficient construction project estimation. 03:47 💡 Use software to quickly estimate construction projects and ensure accuracy, especially if you're a general contractor or renovator with changing and time-consuming quotes. 05:03 🏗 Provide quick estimates for construction projects to ensure you are compensated for your time and overhead costs as a business owner. 06:32 💰 Quickly estimate construction projects by providing a basic budget estimate first, then getting paid for a detailed budget and selections. 07:27 🏗 Use templates for different types of construction projects and assemblies for common tasks to quickly estimate project costs without starting from scratch each time. 08:35 💡 Use assemblies to quickly and accurately price construction projects, saving time and keeping clients happy.
@rapidresultcreators2 ай бұрын
Good stuff 👍🏼
@FarazVisuals2 ай бұрын
Hello! Just sent you a DM on Instagram. Your KZbin videos are awesome!
@rapidresultcreators2 ай бұрын
Got it!
@FarazVisuals2 ай бұрын
@@rapidresultcreators I am still waiting for your response
@FarazVisuals2 ай бұрын
Another amazing video
@rapidresultcreators2 ай бұрын
Thank you sir. 💯
@LesOHara2 ай бұрын
2 titans of construction consultants!
@rapidresultcreators2 ай бұрын
Much appreciated Les! You rock!
@user-ts7jj7cl1r2 ай бұрын
Your selling dash bord
@rapidresultcreators2 ай бұрын
We have dashboard templates for clients. You can create your own as well using Google Sites or something similar. Do you have any questions about setting it up or implementation?
@josephlemus83073 ай бұрын
Thanks 🙏
@rapidresultcreators3 ай бұрын
Anytime. What was the best part for you?
@josephlemus83073 ай бұрын
@@rapidresultcreators you explaining why it is important for decision making
@rapidresultcreators2 ай бұрын
Definitely, as you grow the key decisions you make create the biggest impact long term.
@constructionclockapp3 ай бұрын
Thanks for having us! Was a blast!
@rapidresultcreators3 ай бұрын
For sure, great stuff!
@FarazVisuals3 ай бұрын
Hi there! Just slid into your DMs on Instagram. Your KZbin content is superb!
@rapidresultcreators3 ай бұрын
Hey, thanks. Glad you liked it.
@MalicktheGreat3 ай бұрын
Hey, I just sent you a message on Instagram. Looking forward to your response. Thanks!
@MalicktheGreat3 ай бұрын
Awesome work Your videos shows your hard work just maintain consistency and your time will come soon
@rapidresultcreators3 ай бұрын
For sure, much appreciated. 👍🏼
@AceCPAsBookkeeping3 ай бұрын
TLDR: Job costing is essential for construction contractors to track project costs and profitability, and setting up a cost code structure is crucial for accurate budgeting and improving estimating. 00:00 🏗 Job costing is essential for contractors to track project costs and profitability, providing crucial feedback for business growth. 01:18 🏗 Setting up a cost code structure for job costing in construction is essential for improving estimating, tailoring business for profitability, and tracking budget accurately. 02:51 🏗 Setting up job costing for construction can be made easier with the right technology and system in place to track time and expenses. 03:53 🏗 Setting up cost codes is crucial for construction businesses, with two common standards for cost codes, one for commercial projects and one from CSI, which can be simplified and customized to avoid confusion and ensure effectiveness. 05:42 🏗 Track spending and use cost codes in construction job costing to budget effectively and understand key components like pre-construction, site setup, and estimating. 07:07 🏗 Track labor costs and budget per project using a program or app, but getting old-timers on board may be challenging. 08:11 🏗 Integrate project management and budgeting software with bookkeeping software to track expenses and use cost codes to analyze job costing reports in construction. 09:38 🏗 Improve job costing to improve future estimating, business growth, and efficiency, and check out the free course and other videos for more resources.
@rapidresultcreators3 ай бұрын
💯 thanks 👍🏼
@neficontreras36913 ай бұрын
Need help
@rapidresultcreators3 ай бұрын
Sure thing. What would you like help with?
@AceCPAsBookkeeping3 ай бұрын
TLDR: Proper bookkeeping and proactive financial management are essential for running a successful construction business, helping to avoid financial pitfalls, make informed business decisions, and ensure profitability and efficiency. 00:00 📊 Proper bookkeeping is essential for running a successful construction business, as it helps to avoid financial pitfalls and allows for better management of income and expenses. 00:57 📊 Proper bookkeeping is essential for making informed business decisions, managing finances, and gaining confidence in running a construction business. 02:02 💼 Connect all your accounts with bookkeeping software, automate payroll and time tracking, and link employee time tracking directly into your accounting software to streamline your business finances. 03:21 🏗 Automate overhead, cost codes, estimating, and expenses tracking to streamline construction bookkeeping and instill client confidence, while regularly reviewing profit and loss, balance sheet, and cash flow to track business financial health. 04:57 💡 Proper bookkeeping and proactive financial management can help contractors avoid cash flow issues and make necessary business changes. 06:42 💡 Understand your key financials, overhead, and cost of goods sold to ensure you're collecting the right amount for sales and keeping your business running smoothly. 08:10 💡 Clean up your books and understand your numbers before scaling your business to ensure profitability and efficiency. 08:40 💰 Ensure personal budget is in place, live within means, allocate profit for wealth building, and systematize bookkeeping for successful business.
@rapidresultcreators3 ай бұрын
You got it! 👍🏼
@justkellee3 ай бұрын
Great tips, thank you!
@rapidresultcreators3 ай бұрын
You’re so welcome! 🙂💯
@Abdullahnayed3 ай бұрын
Hi derrick absolutely love your channel just subscribed and turned on the notification bell. My name is Abdullah I am 20 years old and I currently live in Toronto Canada. I really love the construction industry and see how much potential there is, my longterm goal is to own my own business that can possibly function with out me. My plan is to first work for a successful home remodeling company to get a good understanding of the different trades, then go for my GC license. My next goal is to work as a project manager and part time in sales to learn as much as I can on the business end. I strongly believe that this will provide with a good understanding and the skills needed to start my own construction business. At the the end of the day I am still a 20 year old and this goal may sound delusional so I hope you may guide me and give me advice on what you think the most ideal and efficient path to take on becoming a construction business owner. I would also like to know if you see value in the formal schooling route (4 year bachelors in construction management) or simply working my way to my goal. I thank you once again for your help and wish your channel the best of success!!!!
@rapidresultcreators3 ай бұрын
Hey Abdul, I appreciate you subscribing and commenting! Great to see your vision and plan to improve your skills and experience then bring that to starting your first business. Don't discount your age, the sooner you start working on your future the more your success will compound over time. The decision is ultimately yours to make as to what will be best for you. My personal belief is that the quickest path will be to start working with a reputable company and business owner who is successful. Learn all you can and work your way up in the company. After showing your worth, let the owner know that you would like to become a project manager. If they are unable to train you and offer a PM position in the near future, start applying to other companies. Instead of going to school for 4 years you could be starting a business within 2-3 years instead. This will give you more challenges and be harder although you will learn much quicker what it really takes in real life. The best education will come from life experiences outside your comfort zone. Soak up great books and courses on specific topics related to your goals. Then last but definitely not least get a solid coach or mentor who can guide you in your success and enable you to reach your goals much sooner.
@Abdullahnayed3 ай бұрын
@@rapidresultcreators Hey, Derrick thank you for taking time to respond to my questioning such a detailed manner. I have learned a lot from your channel and would like to know if you would be willing to get on a quick zoom call where I can ask some more detailed and well thought out questions in regards with some important decisions I am going to make. As a young man who is hungry for success your experience in the construction industry can really help guide me in the right direction. I thank you once again and wish you the best of luck!!!
@rapidresultcreators3 ай бұрын
Hi Abdul, sure thing. You can connect with me via our website: rapidresultcreators.com Let me know if you have any more questions or comments.
@justkellee3 ай бұрын
Great tips, thanks!!!
@rapidresultcreators3 ай бұрын
You're very welcome! Glad they are helpful.
@LesOHara3 ай бұрын
I would add: Take Massive ACTION to that list!
@rapidresultcreators3 ай бұрын
Yes, indeed. 💯 Massive focused action on the right things.
@rapidresultcreators3 ай бұрын
Which point was the most helpful for you to improve your email marketing?
@GuillermoSanchez-Apex4 ай бұрын
great video!
@rapidresultcreators4 ай бұрын
Thank you sir.
@macczar76944 ай бұрын
Would you recommend some software for an electrical contractor. We currently use excel and quickbooks for our estimates. I find that it’s very difficult to build assemblies with an excellent sheet. Also I would love a software that could load material costing in bulk
@rapidresultcreators4 ай бұрын
If you're looking for an all around platform including estimating I would take a look at Housecall Pro and Service Titan. Here are partner links to check them out: housecallpro.grsm.io/fsbgn292fmlu join.servicetitan.com/mzub2E3 If you're looking for specific estimating software check out these: www.clearestimates.com/ proest.com/ mep.trimble.com/ See if the software you consider has integration with a costing databases like: www.1build.com/ www.rsmeans.com/ If you would like more help with choosing the right software you can contact us on our website at: rapidresultcreators.com/
@guilelie_gm92524 ай бұрын
Do you work Independently? Is it OK to take work home especially. Do you own your own software or codes?
@rapidresultcreators4 ай бұрын
Thanks for the questions. I work with my team of assistants and network partners although i am the primary consultant at my company. I’m not sure I understand your question about “taking work home”. Can you elaborate? We do not provide software directly, we do provide digital assets like SOPs and everything you need to set up our systems on recommended third party software. You can also find out more info at: rapidresultcreators.com
@mohibquadri40534 ай бұрын
Bro I've heard if maximizing salary is important then promotions is not actually the way to go.. Studies show that if we change jobs every 1-2 years then salary will soon outpace any raises/promotions you'd get if you had stayed.. so what to do to earn more ? Any better ideas to know and apply in initial stages of career in service based industry.. 2) Also which books could help in such a situation..
@rapidresultcreators4 ай бұрын
I hear you, although if you’re switching jobs constantly to maximize salary you will be getting short changed in the long run. Not to be harsh. Working with a successful team where you are learning valuable experience will ensure your earning potential will grow exponentially. Find a boss you respect and ask them to teach you. Money follows a persons value to the market place, bottom line. Keep in mind studies are generally based on averages and from the sounds of it you want to be paid above average. Stay hungry for experience and knowledge and you’ll go far. Does that make sense?
@rapidresultcreators4 ай бұрын
Rich Dad Poor Dad by Robert Kiyosaki is a good intro into earning money. Be careful with the taking on debt to finance investments though. It can get you in a load of trouble when you’re starting out.
@mohibquadri40534 ай бұрын
@@rapidresultcreators Wonderfully Wise thoughts and solutions 😊 I am in Aec construction industry fresher hvac engineer working on commercial air conditioning projects designing. I've also heard that in order to earn more money the focus should be to create more Value than others at workplace so could you elaborate on this subject how can it be done effectively without overworking or burnout necessarily as there has to be some smart way to get the desired outcome.. 2) Why is it necessary always to depend upon years of experience to achieve financial growth ?
@rapidresultcreators2 ай бұрын
Essentially learn and improve your skills to get paid more. High demand skills beyond technical abilities are Communication, management, sales and marketing.
@mohibquadri40532 ай бұрын
@@rapidresultcreators Yes could you recommend some top management and sales books which i must read ? Also in your first answer above you've mentioned tell your boss to teach you what does that exactly mean ? Like teaching me soft skills or other work related subject..
@amhreantaso4 ай бұрын
would you recommend to keep 2 separate bank accounts for head office expenses and another for project expenses?
@rapidresultcreators4 ай бұрын
Using separate bank accounts for allocating expenses is a good idea. How many different accounts depends on your business and how you operate. For a larger company I would recommend splitting the expense accounts as you mentioned. For a smaller company it is not necessary.
@mganji4444 ай бұрын
Whoever watches this video thank you for your success
@rapidresultcreators4 ай бұрын
Love it, well said! 🙏🏼💯
@LesOHara5 ай бұрын
Great content as usual! 🔥
@rapidresultcreators5 ай бұрын
Thank you sir! 💯
@ilmaansari45875 ай бұрын
can you please suggest an accounting software that helps in managing all the expenses,incomes of multiple projects
@rapidresultcreators5 ай бұрын
Definitely, QuickBooks is the gold standard for most contractors and what I would recommend. Other options would be Sage or Xero, I don’t have experience with those personally although they are popular alternatives.
@dumitrulunga73365 ай бұрын
Great contet, great energy, your performance is getting better
@rapidresultcreators5 ай бұрын
For sure, appreciated!
@dumitrulunga73365 ай бұрын
You could improve the voice tonality and rhythm of your sound,like a storyteller, or audiobook reader, your editing is good. Just the sound, but keep the little jokes and chuckles and laughs in, maybe even some memes, entertainment is part of your show and it makes it digestible and binge worthy video after video. Im listening as i work and youtube plays your videos on autopilot so its awesome, i listen to a lot of audiobooks and they have some great narration, your content is more direct, narrow, nieche, and its a strength, because i can listen to a whole 6 Hour audiobook and have to take notes on specifics, you give the specifics without the need to listen to a whole audiobook. Jokes are a part of construction culture and there's even a KZbin short niche for construction fails, it's popular, ride that wave of leads
@rapidresultcreators5 ай бұрын
Got it, thanks for your input 👍🏼
@dumitrulunga73365 ай бұрын
Greetings from Toronto Canada, I just found your channel today and I like your videos. Im a Journeyman Tile guy and i was researching accounting for contractors, your content is very informative and well put together. So much of what i see around me in the industry is disorganised and ancient, im glad i found your videos, miles ahead even though its just the basics.
@rapidresultcreators5 ай бұрын
Glad you’re getting value from the videos. What kind of content & topics would be helpful for you?
@hasnazouaghi325 ай бұрын
what system did implement ? please help
@rapidresultcreators5 ай бұрын
Here's a playlist with more information on the different systems and implementation: kzbin.info/aero/PLGUCelhEgAFnVu1zm8i2OkQPEdgvAJ_tx You can also visit our website for more information or to connect as well: rapidresultcreators.com/