There was a question I kept hearing from business owners: “If the business made a profit, where did the money go?” Often they assumed something was wrong. Maybe expenses had gotten too high. Maybe sales slowed down. They even wondered if the reports were inaccurate. Most of the time, the answer was much simpler. The profit […]
A client bought a truck to reduce their taxes. They didn’t talk to us before the purchase. By the time we learned about it, the deal was done. We ran the numbers and showed them what that payment was actually going to cost the business over the next 60 months, and what it meant for […]
A business owner told me recently, “We finally hit our revenue goal, so I think we’re ready to hire.” That was the entire reasoning behind the decision. Not whether the work had become more profitable. Not whether margins had improved. Not whether the increase was consistent or tied to one unusually strong stretch of business. […]
You look at your reports and see that the business made money. Sales are up. Work is getting done. But at the same time, the bank account feels lower than expected. Bills need to be paid. Payroll is around the corner. You start wondering how both things can be true at once. It usually comes […]
When you hear the phrase internal controls, it might sound like something reserved for corporate giants with entire departments dedicated to accounting. But here’s the truth: internal controls are just as important for small businesses. Why? Because in a small business, the margin for error is tighter. A little mistake (or worse, a bit of […]
Chances are, your small business feels like part of your identity. You’ve poured years of effort, energy, and heart into building something that works. But have you thought about what would happen to your business if you were ready to retire? What if something unexpected took you out of the day-to-day? That’s where succession planning […]
Recently, I had the joy of celebrating a big milestone with one of our long-time clients. It was their 10-year business anniversary. We have been working together for nine of those years, so joining in their celebration felt extra special. Walking into the party, I wasn’t sure if I would recognize them right away. After […]
If you’re a custom home builder or contractor, you’ve probably heard your bookkeeper or CPA mention “cash basis” and “accrual basis” accounting. If your eyes glazed over at that moment, don’t worry, you’re not alone. Let’s break it down in plain English, using real examples from the construction world. Understanding the difference can help you […]
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 […]
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 […]
