Kendra Ferguson CPA and Virtual CFO for Contractors (Part 1)
In this talk between Mike Knoche and Kendra Ferguson they discuss why you should hire accounting out immediately. The story unfolds with Mike sharing how he finally realized he needed someone else to do this (Uncle!) and Kendra shares a recent story about a roofing company that had been losing money but those losses were masked by loans. The story is a great example of how things can go sideways if you don't have your finger on the pulse of overhead costs! It's a great segue into the final section of the interview where Kendra explains how to seek out the right CPA for you and why it is important that they have experience in contractor accountant because IT'S DIFFERENT.
The Contracting Handbook podcast discusses the behind the scenes running of a small contracting company. Your host, Mike Knoche, has been running his small contracting company for 16 years. Here he shares what worked for him, mistakes he made along the way, and his “aha” moments. It’s everything from starting up, working with employees, subcontractors, and client. He’ll get into proposals, contracts, marketing and much more. It won’t just be Mike’s perspective as he will talk to contractors from all over the world of any variety of size and structure because through his travels in the off season he’s come to see that contractors everywhere have similar business needs, struggles, and ideas in common. Contact Mike at info@thecontractinghandbook.com for questions, comments, or to be interviewed.
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