How do you budget your company?

We first have to take all things into account the supplies we need such as machinery and tools. We decide on jobs and get paid from what we earn from those jobs. We don’t have a based pay or salary because what money my company gets is from the jobs we do.

What types of expenses do you have?

Expense wise we have paying our employees, keeping equipment working, and time and travel for the jobs which we change the customers for as well.

How do you decide what things you spend money on if you are on a tight budget?

The only way my company can work is if I have the machinery to do the job. I always have to keep them working. Sometimes my employees won’t get paid the full amount for jobs based on what work we’ve done. It’s not ideal but we are a small company with few employees and I only get paid if the job gets complete. At times the jobs take longer based on machinery breakdown or weather conditions. So the job takes longer and it takes longer for the payment. I always try to estimate what a job should take and keep a tight schedule so I and my employees are consistently getting paid.

When your company is lacking in areas how do you improve those areas if you don’t have money to do it?

Having a construction company is expensive. The equipment is and the tools. When the economy is not doing as well we struggle at different times. I have had to lay off employees based on the work we have available. It’s a hard job owning a company and paying employees. The weather can also impact what my company can and can’t do.

How do you decide what you pay your employees?

My employees are paid based on jobs. I have a base pay dependent on each job and my employees get a portion of it after completion. We keep track of our hours every day that we worked. So at the end of the week what money we made it spilt between employees and hours worked.