Financial Management

In the construction and remodeling industry, success is not just about craftsmanship—it's about understanding the numbers that drive your business. This course is designed to help small-volume builders and remodelers take control of their financial future by learning how to plan strategically, manage cash flow, and make informed decisions based on real data.

Through the lens of real-world examples and practical tools, including pro formas, income statements, and balance sheets, you’ll learn how to align your business goals with your personal aspirations. Whether you're looking to grow your company, improve profitability, or plan for retirement, this course will give you the financial insight and confidence to lead your business with clarity and purpose.

After completing this course, participants will be able to:

• Develop and analyze a business financial plan that integrates personal and professional goals using SMART criteria.
• Apply financial ratios and break-even analysis to evaluate performance, manage risk, and guide strategic decisions.
• Create and use pro forma budgets to forecast revenue, plan for growth, and test the financial impact of business changes.
• Calculate and manage labor burden to ensure accurate job costing and improve gross profit margins.
• Use variance analysis and job costing tools to identify slippage, improve estimating accuracy, and maintain profitability.