Chapter Corner

Harvey Friedman

Where Have The Dollars Gone?

There is a song called “Where Have All the Flowers Gone,” but my question is, “Where have all the profits gone?” Profit dollars that you don’t even realize you were holding in your hand, and they slipped through your fingers without you realizing you were holding onto them. There are many areas in the contracting world that money is made and money is lost. Let’s examine some of them so that you will understand that besides adding a profit of 10 percent to a job and hoping you make it, controlling your business through good management, a set of rules that everyone follows, and the accountability of employees will increase your bottom line.