Remove Banking Remove Cash Flow Remove Organization Remove Profitability
article thumbnail

Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. The really good news they are on the banks payroll.

article thumbnail

Contractor's Secretary Does Everything Including Bookkeeping!

Contractor Bookkeeping

Enter banking transactions including EFT, ACH, NSF, checks, debits and automatic payments. Enter banking transfers between checking and savings accounts. Watch for fraudulent charges on bank and credit card statements. Reconcile checking, bank & vendor credit cards, vendor statements. Enter bank deposits.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

When Being A Licensed Contractor Is Just Not Enough!

Contractor Bookkeeping

Washington State Resellers Permit saves money and increase cash flow: [link]. Join a Trade Organization, Chamber of Commerce, setup a Facebook page. Making "A Profit" and Having Real "Money Left Over" is how you are able to the things you want to do in life. Be Proactive and market your business. What does that mean?

article thumbnail

Optimize Vs. Maximize Construction Company Production

Contractor Bookkeeping

The First Place to start is an understanding the real profit in any construction is made in the office, not in the field because hard work in the field cannot overcome bad strategy from the office. It sounds crazy but look around you some of your competitors are laughing all the way to the bank and you can too! "If

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Rattner discussed the stress tests given by the Treasury Department to large banks that were receiving TARP funds. I would challenge you to create simple models that allow you to give your own organization random “stress” tests. What would you do next week if you lost that job you had been banking on? February 2009.

article thumbnail

How to Start a Plumbing Business: 9 Tips for Growth

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. Keep the cash flowing through your financial pipes. Review your cash flow regularly.

article thumbnail

How to Start a Roofing Business: 9 Tips to Grow & Thrive

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. Keep the cash flowing like water down a valley. You need to be a master of your cash flow.