Business Management

BM101 - How to Save Money Through Tax Laws

This course will review the alternative legal forms that may be used to conduct a building/construction business, including proprietorship, partnerships, joint ventures, limited partnerships, C corporations and S corporations. The pros and cons of each type of entity will be examined in terms of personal liability exposure. The income tax and social security tax consequences of each type of entity, as well as the impact on fringe benefit and retirement programs, will be explored. Designations: AB, AA, AR, ARS

BM107 - Conflict: Climbing Out of the Muck of Change

This course is designed for the management level employee. The course will help you confirm your employees’ buy-in to their tasks and commitment to their overall job performance. Some personal motivation techniques will be discussed to help you better understand and develop these skills, while learning about yourself and those around you. Understanding the principles taught and then applying them may lead to higher performance.

BM109 - Case Study of a Remodeling Company

Students will get a solid understanding of a company’s background, using that information to analyze what issues the company is currently having. We will then create a game plan for success in sales, estimating, marketing, production and other key business categories. You will be able to use this process to analyze your own company to increase your efficiency and profitability.

BM114 - The Numbers Behind a Successful Remodeling Company

Knowing your numbers is the first step in creating a successful remodeling business. First, this class will review the typical structure, function, and processes of a remodeling company. We will discuss overhead structure, profit and loss statements, and why it is nearly impossible to do both new construction and remodeling successfully. At the end of this class, you will be able to determine your overhead, your markup, and calculate, using numbers, what your yearly profit will be.

BM116 - What I Wish I Knew When I was New! (Part 1)

Seventy-five people in many different industries were asked to pretend they could go back in time. And if they could, what they would say to themselves when they were just starting in their careers. The responses were then organized to be presented in this course. The intent is to share with both new and experienced companies the little things they can do to make a difference in their companies.

BM201 - Basic Business Planning

Just as you wouldn't start driving without directions or a road map to your destination, a business plan is critical to reaching your business goals. Learn how to create a business plan around which you can organize your priorities to ensure that you reach your goals.

BM204 - Can Your Business Survive a Construction Defect Claim

Today we live in the most litigious society that we have ever seen. While we are busy trying to keep sales coming in the door, fill open labor positions, and build homes, someone is dropping the ball. A simple oversight can lead to costly corrections, enormous stress, and the potential loss of your business. It’s not just a matter of if, but when it will happen. This course will prepare your business for the protection it needs from potential litigation, keep your profits up, and your business running smoothly!

BM206 - Remodeling: The Bad and the Good Strategies for Success

This course will look first at some of the mistakes remodeling companies make and discuss the consequences of these mistakes. After we have the negative ideas out of the way, we will concentrate on the successful tactics of many remodeling companies. Students will review and discuss various remodeling benchmarks to which a company can strive.

BM209 - The Anatomy of a Remodeling Project

Using real life experiences, we will discuss in detail each step a remodeling company goes through, such as getting the phone to ring, discussing the initial client meeting, reviewing the sales process, pricing the project, making the presentation to the client, construction of the project, and, finally a discussion on client follow up after the project is completed. You will gain valuable tools and ideas on how to improve your entire remodeling construction process, which is vastly different from the new home construction process.

BM211 - Best Hiring Practices for the Construction Industry

It is often said that employees can make you, or break you. This has never been truer than it is today. Since the Great Recession, we have been trying to staff our companies in the midst of a severe labor shortage; while our experienced leaders are retiring, the next generation (Gen Y) only wants to work in IT (Information Technology). In todays class, we are going to learn to: •Advertise right for the position •Screen the applicants to save time •Set the appropriate expectations •Train the new hire for optimal performance

BM212 - Exit Strategy

The truth is that everyone exits their business at some point, whether by choice or through circumstance. Alarmingly, it's estimated that 55% of business exits are unplanned in timing due to extenuating circumstances. The question is not if we will exit; rather, the questions are when, how, and whether our exit will achieve the objectives -we desire. The concept of legacy as a business planning tool is a timeless principle that if planned and executed well can result in a successful leadership transition that preserves the integrity of one's business into the future and ultimately their legacy. The course presents three overarching methods to consider when approaching exit planning (Le.family succession, internal sales or transfers, and third-party sales) and identifies resources available to facilitate each.

BM213 - Financial Statements and Commitment Letters

During this course we will take an in-depth look at financials, both personal and company and you will learn how to prepare financials. We will also review commitment letters as they relate to different types of credit requests and what should be included in them.

BM216 - Work on Your Business, Not in Your Business

Working “on” rather than “in” your business can prevent you from setting goals, finding solutions, and seeing the big picture. In other words, if you’re too deep in the weeds you won’t have time to do the “real” work of growing a business. Delegating tasks to skilled people, especially to people more skilled than you at completing those tasks, frees up time to plan, strategize, and build a great business. Our class is designed to help you redirect, rethink and focus on items that can help you build a “valuable business”.

BM301 - Long Range Business Planning

Learn how to plan your strategy for company direction and growth over the next 10 years.

BM303 - Managing by the Numbers

When it comes to the bottom line, the numbers tell everything. Participants should come to this class with their company financials, ready to discuss and learn from each other. Key financial rations and benchmarks will be addressed along with the number one quesiton everyone wants to know the answer to, "How much can I make?"

BM304 - Retirement Planning

This course will help you begin to make the retirement preparations that will meet your needs, based on answering two questions: How much money will you need, and where will that money come from? We will start with understanding our individual living expenses and move to what Albert Einstein termed as the most powerful force in nature – the power of compounding interest. 401 K’s, IRA’s., SIMPLE Plans, Mutual Funds, Stocks, Bonds, Interest Rates - retirement planning can be overwhelming, but we will take a look at some very simple ways to invest money and build wealth.

Join Contractors Across NC

By attending NCBI classes you will not only gain valuable information to further your business, but you will also have the opportunity to meet and network with other industry professionals experiencing the same challenges in today’s marketplace.