Five decidedly unexciting tips for a stronger financial return, better client experience, and less stress on your organization
Regular and sometimes steep increases in the cost of materials are a fact of life in residential construction. Too bad homeowners don’t know it.
Some economists suggest the U.S. is overdue for a downturn. Here are key steps to take to prepare your company in case they’re right.
Betting on the success of an app for contractors that lets homeowners qualify for loans
Why it's so hard for remodelers to talk about money, and tips for getting over it
You finished that replacement job two weeks ago and collected the final check. Today a letter from the bank arrives.
Once burned by a nonpaying client, contractors will find ways to make sure the experience isn't repeated
Dos and don’ts in preparing a tax filing for your company
Having cash reserves can offset unpredictable business setbacks or fund future growth
If you run your business with profit as an afterthought, it's time to make a change.
For longer projects, percent-complete accounting is the best way to track revenue and gross profit
Protect gross profit by regularly comparing estimated to actual costs, line by line
The best way to manage unpaid invoices is not to incur them to begin with. But that's far easier said than done.
Should your business make the switch?
Overhead cost increases during economic growth spurts should be treated as temporary
Planning your business’s growth is like planning for a remodeling project