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Because the construction business may be easy to get into, many enter
without sufficient business management skills.
Over 85% of contractor failures result
from business reasons, not from lack of trade skills. Over
one-third of these failures were less than five years from starting the
Government regulations, squeezed cash
flows, tightened profit margins, and a lack of quality skilled labor
have given the construction industry one of the highest failure rates
of any business.
Construction businesses succeed mainly
because of careful planning and implementation. The days of
throwing your tools in the trunk of your car and calling yourself a
contractor are gone.
Success on the Business-Law exam starts
well before you enter the examination room. You must become
familiar with the reference book and know where to find the answers.
Being unfamiliar with the exam and searching for the answer
takes time, and time is limited to approximately two minutes per
Highlighting is one of the most
important study aids. As you answer the exam practice
questions hi-lite the answers in your reference book.
With Contractor's Business and Law
calculations there are only a few categories that you need to be
familiar with and understand how to solve. Categories that
require a calculation are:
These categories will be covered in the calculation exam questions you
receive with the dvd, and the calculation exam questions will be
answered on the dvd.
of completion of
Several questions will be asked from the
same category only the numbers will change.
The math is easy using your calculator
to add, subtract, multiply or divide.
After finishing the exam turn on the dvd
and I'll go over each answer.
To grade yourself: Divide the number of
correct answers by the number of questions worked. Example:
38 correct answers divided by 50 questions answered = 76%.
#680 - Business Law DVD and 50 Question Test
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Henry's Code Electrical