Setting up a business involves a variety of different costs and expenditures that not everyone might be aware of when they begin a business venture. However, once you know what costs are involved, you can plan your budgets accordingly so that you’re being realistic with your expenses. While it’s a lot easier to set up Read more
Cash Flow
While you might be able to run a site like no one else, it takes more than just industry experience and competence to run a business successfully. There are other responsibilities that you need to handle, as well, with your finances being one of the big ones. If you’re not used to keeping your own Read more
The impact of the Coronavirus pandemic has been far-reaching for many businesses across the country. A lot of businesses have been forced to close for good, and sadly, these include businesses within the construction industry. Lockdown measures have halted work for many, and for those that have survived, there has been a considerable knock to Read more
According to a Kabbage survey of construction firms, 28 percent cited cash flow as the biggest challenge during their first year in business, outweighing finding new customers. As your business grows, the struggle to manage a positive cash flow may continue. Towards the end of a project subcontractor fees, invoices, inspection fees and finish materials Read more
Operating your business, paying the bills, bringing in new work and keeping employees happy are everyday labors of love for the small business owners. But admittedly all of these tasks are affected by cash on hand; sometimes there’s plenty of it, and other times…well, there’s not. Figuring out your cash rhythms while growing involves a Read more