Do you find it challenging to reconcile your field service company books to your bank statement? Does it seem like the numbers never match? You may want to avoid this task altogether, but without reconciled books, you will not have accurate financial...
Construction cash flow is so important in business. In your construction trades business, you have got to keep the cash flowing! This means collecting customer payments as soon as possible. How would you like your customers to be able to pay right after you complete a...
Cash is what keeps your business alive. It is like the air we breathe – you can’t live without it! It’s possible to increase cash flow if you use these business strategies. Try these strategies to increase your cash flow in your construction business: 1. Reduce your...
Most people dread tax time. The task of gathering the past year’s paperwork and filing a tax return seems daunting. And learning at the end that taxes are owed hardly makes it seem worth the effort. Here are some things business owners in the trades...
Any business owner in the trades will tell you that running a small construction business is challenging. When circumstances get tough, running a business becomes an even greater challenge. During difficult times, many small businesses folded under pressure. They...
If you make more sales year after year, that does not always mean you have a more profitable business in the construction trades. Sure, it feels great to say you have a company that does $5 million in sales, but do you have a profitable company? A knowledgeable...
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