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Expecting the Unexpected: Continuity Planning for Contractors
Manage episode 372178437 series 3314227
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Do you have a plan in place in case something happens to you or other leadership in your construction company? If so, when was the last time you updated that plan? This week, we discuss the importance of continuity planning and some key considerations to keep in mind as you plan for the unexpected.
Topics we cover in this episode include:
- Practice continuation agreements
- Planning for key employees
- The importance of clearly stating in writing what should happen to your business
- Continuity plans need to be looked at regularly
- How to assess the risks a contractor might have
- Continuity and the value of the company
LINKS
Visit the episode page at https://CarpenterCPAs.com/continuity for more details and a transcript of the show.
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
Luvut
1. How Fast Are You Making Profit? (00:00:00)
2. Choosing between one large job or multiple smaller jobs (00:02:19)
3. How to analyze potential jobs (00:07:11)
4. Considering gross margin vs. top line (00:07:57)
5. Throughput accounting and overhead (00:12:02)
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