For example, do you have a separate payroll account? If your bank account is ever frozen for some reason, as happened to one of Goldman's clients, it could put a real strain on cash flow. In some states, like Massachusetts, payroll accounts can't be frozen, so at least employees get paid and jobs keep moving.
Or how about something as simple as protecting your personal assets by incorporating or establishing an LLC? A lot of remodelers who started out as sole proprietors never upgrade to another form of legal entity that helps maintain separation between personal and business assets. Remodeling can be risky, and this type of protection is simple and inexpensive.
To see what else you should be doing, read more at The Contractor Coaching Partnership