HVACR Business

AUG 2017

Help hvacr contractors master the critical components of business management.

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6 HVACR BUSINESS AUGUST 2017 www. hvacrbusiness .com If It Seems Too Good To Be True, Then It Probably Is W hile your main focus is on making money, don't forget to direct some attention to keeping an eye on the money you've already made. ese past few months, I've outlined several ways other people can easily steal your hard-earned money. Here are two more ways, unfortunately, most contrac- tors overlook. Interview Too Good To Be True A contractor's long-time CFO was moving to another state. She gave him plenty of notice and even said she'd train her replacement. He reached out to friends and col- leagues, asking them whether they knew of a competent CFO looking to make a career change. A friend suggested a wom- an and the owner contacted her. She came in for the first interview and passed. Both the current CFO and the owner liked her, and both thought she could do the job. e next step was a comprehensive bookkeeping test. e contractor gives this test to any person who wants an ac- counting position at his company. It weeds out the people who interview well and appear to know accounting, but don't really understand debits and credits. e candidate passed the bookkeeping test with flying colors. e final step was a background check, and this is where the contractor was shocked. She had previously been convict- ed of embezzlement! She didn't mention this conviction in any of the interviews, but it was public record. She knew that had she mentioned it, there would be no chance of being hired. She was betting that the contractor wouldn't do a background check — and she was wrong. BY RUTH KING PRESIDENT OF HVAC CHANNEL TV FINANCE Your interview process must include a background check. It's your hard earned money the bookkeeper will be handling. Smarter, Safer & Easier The powerful and accurate 770-3 Hook Clamp Meter with Real Power Measurement, Bluetooth, and unique hook design is ideal to simplify your work. www.testo.com/electrical with Smart Probe app

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