Contractor Success Map With Randal Dehart | Contractor Bookkeeping And Accounting Services

This Podcast Is Episode Number 453, And It's About Construction Industry Insights For 2022 There is a natural ebb and flow in the business cycle, which in regular times operates, somewhat predictable.   In normal times, contractors who pay close attention to their Five Key Performance Indicators financial reports and stay aware of the macro global economy and the microlocal economy can plan and earn an expected profit after paying themselves a reasonable salary.   The past two years have been anything but ordinary, and frankly, we are having a tough time with the economic forecasts models we follow, including our internal ones.   Something similar occurred from 1976 to 1980, and suddenly in early 1981, the national and global economy began to turn around, and there was a severe shortage of contractors and qualified construction workers.   During the remainder of that expansion and boom cycle, many construction company owners made substantially high profits, and the wise ones who thought ahead invested their