Using Financial Data to Decide When (and Where) to Expand Your Construction Business
Expansion is exciting. It’s also risky. Whether you’re thinking about entering a new geographic market, launching a new service division,…
Expansion is exciting. It’s also risky. Whether you’re thinking about entering a new geographic market, launching a new service division,…
If you’re a builder, remodeler, or specialty contractor using QuickBooks Online (QBO), you’ve probably asked yourself at some point: “Why…
You’re a contractor doing over $5 million a year in revenue. From the outside, it looks like you’re crushing it.…
In construction, profit doesn’t matter if you don’t collect it. For contractors generating $2M–$30M annually, Accounts Receivable (AR) is often…
Most construction companies start with a basic system: QuickBooks, spreadsheets, a bookkeeper (internal or external), and maybe a construction management…
The Chart of Accounts (COA) is the foundation of your company’s financial system. But if you’re like most builders and…
If you’re a construction company owner generating $2M to $30M in revenues annually, you’ve likely said: “I think our bookkeeper…
In construction, what you don’t see can hurt you. Contractors in the $2M–$30M revenue range often think that profit equals…
If you’re a construction company owner generating $2M to $30M in revenue annually, you’ve probably had this experience: You ask…
If you’re a construction business owner in the $2M–$30M revenue range, you already know this truth: Not every job that…
If you’re running a construction business generating revenue between $2M and $30M annually, you’ve already figured out that “just getting…
You glance at your P&L. It says you made $120K in profit last month. You smile. Then you look at…
If you’re a construction business owner generating $2M to $30M annually, growth often feels like a mix of momentum and…
If you’re a construction business owner generating revenues of $2M to $30M per year, there’s a good chance you’ve uttered…
You’re looking at your P&L and it says you made $120K last month. But your cash balance feels like it…
If your construction company’s financial reports are messy, confusing, or just plain useless—you’re not alone. Many contractors are running $2M–$30M…
If you’re a contractor generating $2M–$30M annually, chances are you’ve asked this question (or should have): “How much revenue should…
In the construction world, profit isn’t made when the job is sold—it’s made (or lost) in the field, tracked through…
For construction business owners, bookkeeping isn’t just a compliance task—it’s the foundation of profitability. Yet for companies in the $2M–$30M…
The construction industry is no stranger to innovation and change, and staying ahead of the curve can often mean the…
You’re out there hammering nails and laying concrete, focusing on the day-to-day tasks that keep your projects moving forward. But…
You know the importance of a sturdy foundation for any construction project. Similarly, your business needs a financial cushion for…
You’ve laid the foundation, raised the walls, and put on the finishing touches. Your crew has worked tirelessly, and the…
Construction sites are accustomed to physical risks: falling beams, malfunctioning equipment, etc. However, one risk that often gets overlooked is…
Whether erecting a skyscraper or renovating a classic bungalow, every construction project holds a treasure trove of lessons. By tapping…
Having financial flexibility and trust in your team is paramount. One avenue many construction entrepreneurs explore is equipping key employees…
There’s no doubt about it: The construction industry can be as unpredictable as the weather. Economic shifts, seasonal changes, or…
As a construction entrepreneur, you know that building a robust and enduring structure starts with a clear blueprint. Similarly, achieving…
In the dynamic construction world, leveraging a flexible workforce can be both an asset and a challenge. Hiring 1099 independent…
The final quarter of the fiscal year is upon us, and it’s not just about wrapping up projects before winter…
Navigating the complex world of construction, with its demanding schedules and tight budgets, is no small feat. As the leader…
We’ve all heard the phrase, “I’m not a numbers person.” Perhaps you’ve even said it yourself. But in the bustling…
In the dynamic realm of construction, success is often determined by the quality of the projects completed and by the…
The construction world is not just about bricks, beams, and blueprints; it’s about the behind-the-scenes management that makes a project…
In the construction industry, the financial results of completed projects offer a wealth of information. These data points can act…
In the construction industry, managing taxes is not just about complying with laws but also a powerful strategy to improve…
In the constantly evolving world of construction, a clear and effective strategy can be the blueprint for your business’s success.…
The construction world is undeniably rich in complexity, with various facets requiring your expertise. While you might have mastered the…
We’ve all heard the phrase, “I’m not a numbers person.” Perhaps you’ve even said it yourself. But in the bustling…
In the dynamic realm of construction, success is often determined by the quality of the projects completed and by the…
The construction world is not just about bricks, beams, and blueprints; it’s about the behind-the-scenes management that makes a project…
In the construction industry, the financial results of completed projects offer a wealth of information. These data points can act…
In the construction industry, managing taxes is not just about complying with laws, but it’s also a powerful strategy to…
In the constantly evolving world of construction, a clear and effective strategy can be the blueprint for your business’s success.…
Tax time can be a stress-inducing period for construction business owners. However, with the right preparation and construction industry bookkeeping…
As an owner of a construction business, your relationships with subcontractors can be a key driving force behind your company’s…
The construction industry is often viewed as a competitive landscape where each company vies for clients and contracts. But what…
As a home remodeling company owner, exploring unique financial arrangements with your customers can open new avenues for growth. By…
In the ever-evolving world of construction, where every project brings unique challenges, managing the financial complexities can often feel like…
In the dynamic world of construction, every project comes with its unique set of financial challenges. These range from labor…
As the owner of a homebuilding company, you understand that staying connected with industry trends, insights, and peers is integral…
As the owner of a remodeling company, you’re constantly seeking ways to improve your business, keep up with industry trends,…
As a construction business owner, you understand the importance of cost control in delivering projects on time and within budget.…
One of the most significant challenges construction business owners face is the control of material costs. As construction materials account…
Building a successful construction business requires more than just bricks and mortar. It often necessitates financial partners and private capital…
As an owner of a construction company, securing favorable construction loans is a crucial aspect of your business’s financial health.…
In the busy world of construction, every project you undertake involves a myriad of financial intricacies. From labor costs and…
Running a successful construction business requires a deep understanding of more than just buildings and infrastructure. Financial management plays a…
Incentive compensation plans can be a powerful tool for motivating key employees and driving business growth. These plans tie financial…
Growing your construction business often involves exploring new geographical territories. Expanding your operations into an adjacent city can offer a…
Profitability is the end game for any business, including those in the building industry. However, optimizing your construction profit margin…
Having a partner on board can be a game-changer when it comes to growing your construction business. With shared responsibilities,…
As a business owner in the remodeling industry, you might consider moving upmarket to reach more affluent clientele or transition…
As a construction business owner, understanding margin calculations is key to determining the profitability of your projects and, ultimately, your…
As the owner of a growing remodeling business, one of your chief concerns is likely how to improve your bottom…
Succession planning is an essential aspect of running a closely held construction business that often gets overlooked. It involves determining…
Implementing the right construction management software is key to streamlining project management, improving communication, and enhancing efficiency in your construction…
High-volume roofing contractors face numerous challenges in managing their business’s finances. Unlike other construction sectors, roofing companies often deal with…
With the potential of an economic recession looming, it’s essential for construction business owners to prepare and adapt their operations…
In the fast-paced world of construction, effective management of projects and finances is crucial to your company’s success. As a…
Precision bookkeeping is essential for construction companies to maintain accurate financial records, make informed business decisions, and ensure compliance with…
As a construction company owner, managing your finances is a critical aspect of running a successful business. Selecting the best…
Owning and operating a construction business comes with its fair share of financial concerns. In this blog post, we’ll explore…
In the construction industry, labor costs often represent one of the most significant expenses for your business. Managing construction payroll…
Revenue recognition is a vital component of financial reporting for spec homebuilders. How to properly recognize revenue ensures accurate financial…
Revenue recognition is a critical aspect of financial reporting for any business, including custom homebuilders. Knowing when to recognize revenue…
In the construction industry, revenue recognition can be a complex subject, particularly for those specializing in remodeling projects. Accurately recognizing…
Running a successful construction business requires a solid understanding of your company’s finances. However, managing construction company bookkeeping tasks can…
Maintaining the strength of your construction financials begins and ends with understanding the key metrics that underpin your construction company’s…
If you’re running a construction company, you already know it’s unlike a business in any other industry. From the day-to-day…
As the new year begins, it’s essential to get your construction company’s year-end accounting in tip-top shape to set the…
During account reconciliation, you compare your credit card statements and bank statements with the ledgers in your books to make…
Accurate bookkeeping for your contracting business helps you make better business decisions. Your books are the financial records that indicate…
Are your contractors employees or 1099 contractors? Contractors need to know that simply signing an independent contractor agreement with a…
Individuals working in the construction industry enjoy lots of perks. However, one of the perks that is often overlooked or…
Construction Bookkeeping Tips Looking for construction bookkeeping tips? Here’s one – don’t. Contractors are not bookkeepers. We’ve had many clients…
How Delegators Save Time, Gain Focus, and See Success How is your business running? More importantly, which of the four…
CRM for Contractors and Project Management Tools CRM for contractors, or Customer Relationship Management tools, are becoming more popular than…
How Referrals Can Boost Your Business A great referral program can end up delivering a huge portion of your overall…
The Basics of Contract Writing Successful contractors recognize when the time comes to operate using written contracts instead of simple…
Social Media for General Contractors Every small business should incorporate social media in to their marketing strategy. Social media for…
The benefits of outsourcing bookkeeping and accounting offer numerous advantages for construction industry contractors over competitors who don’t outsource. In…
Every contractor knows that you just can’t win every customer. Customers and clients always enter each situation with their own…
Brand Communication Strategy to Establish Credibility As a contractor and small business owner you’re probably familiar with the word “branding”.…
IRS employee vs independent contractor reclassification is sometimes necessary as your business evolves. In this blog we’ll demonstrate how to…
Planting Marketing Seeds for Sustainable Growth The holidays are just around the corner, so now is the time to think…
Create a Facebook Business Page with this illustrative step-by-step guide and boost your social media visibility for your construction contractor…
Bookkeeper Vs Accountant – Bookkeeping Vs Accounting Bookkeeper Vs Accountant as well as bookkeeping vs accounting have distinct differences. Discover…
Goal Setting in Construction – Working Intentionally for Long-Term Results Today let’s talk a little bit about goal setting in…
Classifying workers appropriately is important for your financials and the IRS Independent Contractor Test can help you determine if you…
Pre-client meeting preparation is important. Following are questions to ask a contractor to assure they are suitable for the job.…
Here are 8 tips on how to grow your business successfully. If you want the best contractor business possible, develop…
Understand Your Rights and Protect Your Jobs – A Guide for General Contractors Preliminary Lien Notice or Pre-Lien Notice As…
Bookkeeping for Beginners – A Contractor’s Guide Breaking Down Bookkeeping Our Bookkeeping for Beginners blog is designed to give construction…
What Business Expenses Should You Write Off? The Basics Ah, business expenses. The allure, the luxury, the… confusion? Often when…
Owners Draw (Owner’s Draw) An Expensive Shortcut for Contracting Businesses If you’re like most contractors, you’ve been guilty of it…