In construction, cash is king. Whether you’re waiting on client payments, investing in new equipment, or ramping up for a big project, access to capital can be the difference between growth and grinding to a halt. But should your construction company apply for a business loan? It depends. In this blog, we will discuss which […]
Author Archives: Jessica Berkley
Bookkeeping, Cash Flow, Construction
Mastering Change Orders: Five Best Practices for Custom Home Builders
22
Jul
Jul
In the world of custom home building, change is inevitable. From a homeowner’s evolving vision to unexpected site discoveries, the way you handle change orders can make or break a project. Get ahead of the curve with these five time-tested best practices designed to keep your builds on schedule, on budget, and your clients smiling […]
23
Jun
Jun
Skilled labor is the backbone for every general contractor. Unfortunately, finding the right people (and keeping them) is tougher than ever. Between an aging workforce, fewer young people entering the trades, and heavy competition from other companies, hiring isn’t just about posting a job ad. It’s about creating a work environment that skilled tradespeople want […]
10
Jun
Jun
Every business owner hits a moment when they pause and wonder, “Are my goals still right for where I’m going? Should I change my business goals?” If you’re asking that question, you’re not alone. Just because you’re asking doesn’t mean you’re failing. It’s a sign of business growth. Business goals aren’t meant to be written […]
27
May
May
Winning more bids in residential construction isn’t all about offering the lowest price. Price is one aspect, however homeowners and developers are even more interested in reliability, quality, and finding a contractor they can trust. Focusing on the right strategies can help you secure more projects and grow your business. 1. Strengthen Your Reputation with […]
29
Apr
Apr
As your business grows, so do your financial responsibilities. At some point, you might find yourself wondering: Do I need a Chief Financial Officer (CFO), a controller, or both? Understanding the differences between these roles, and when to bring them in, can help you make the right decision for your business. Let’s break it down. […]
01
Apr
Apr
Finding the right tax professional is a big decision that can impact your financial health, business success, and overall peace of mind. It’s essential to choose someone who understands your business, communicates clearly, and provides reliable service. Let’s discuss best practices for finding the right tax professional for your business. Reasons You May Need to […]
05
Mar
Mar
A workers’ compensation audit might sound intimidating, but with the right preparation, it can be a straightforward process. If you own a business and aren’t deeply involved in payroll or finance, this guide will help you understand what to expect and how to prepare so you can avoid surprises. What Is Workers’ Compensation Insurance? Workers’ […]
04
Feb
Feb
If you are a construction business owner, you have probably heard the term Work in Progress (WIP) thrown around. What exactly is WIP, and why do you need to understand it? WIP is more than just another accounting term; it’s a resource that helps you track your projects, manage cash flow, and stay profitable. Let’s […]
21
Jan
Jan
If you own a business, you’ve likely heard the term “corporate veil.” It’s an important concept for business owners, especially those operating as a corporation or LLC. This article explains what the corporate veil is, why it matters, how it can be pierced, and how to protect yourself and your business. What is it? The […]