Free NPMCA course · 10 lessons
Business Finance 202: Build a Business Worth Buying
Free lessons on making a contracting business profitable, bankable and sellable: statements, KPIs, recurring revenue, owner independence, valuation and exit.

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Lessons
- B202.1Profitable, bankable, sellable: the same habits
7-minute read
- B202.2Read your financial statements like a buyer
5-minute read
- B202.3Run on a scorecard: KPIs and budgets
4-minute read
- B202.4Recurring revenue and customer mix
5-minute read
- B202.5Build it to run without you
5-minute read
- B202.6Banking at year three and beyond
6-minute read
- B202.7Retirement plans for you and your crew
6-minute read
- B202.8
- B202.9What your business is worth and how to raise it
6-minute read
- B202.10
Course final
Take the course final
Up to 20 questions from this course's lesson checks, scored when you finish. Pass with 80% to earn the course badge and a certificate of completion. Retakes are unlimited. It needs a free NPMCA account.
Course wrap-up
Your capstone Move
Build your Buyer-Ready plan: a few pages you keep with your books and update every winter, pulled together from this course's Moves. Check yourself against this list:
- A valuation baseline: last year's SDE with proof for every add-back, and a starting range from published multiples (B202.1, B202.9)
- The 30-Day Owner Absence drill under way: a one-day drill done, the fix list started, and a date set for a longer one (B202.5)
- A customer-mix plan: your top ten customers' shares, and steps to grow other accounts until no one customer is above about 10%–15% of sales (B202.4)
- A weekly scorecard running and a yearly bank review on the calendar (B202.3, B202.6)
- If you have a partner, a signed buy-sell agreement or a meeting booked with counsel (B202.8)
- A three-year plan: your route, target year, advisers, and three value builders with names and dates (B202.9, B202.10)
What's next
Personal Finance 202: Lead Your Family, if you haven't taken it. Your will, your own retirement and your 10-year money plan should line up with the plan you built for the business in this course.
Listen next
The Cash Flow Contractor and The Home Service Expert for a business that runs without you, and Contractor Success Forum for statements and dashboards.
