Remove Banking Remove Cash Flow Remove Commercial Remove US
article thumbnail

4 Ways Materials Financing Can Help You Recession-Proof Your Business

Levelset

Managing cash flow in the construction industry is difficult in any economy, but during a recession, specialty contractors face even more financial challenges than usual. One of the most significant challenges during that time was the lack of financing for commercial construction companies. There’s plenty of work to go around!

Finance 52
article thumbnail

9 Tips for Starting an Architecture Firm

Levelset

In her book, Feel the Fear and Do It Anyway , Susan Jeffers advises us (in all caps, no less), “THE ONLY WAY TO GET RID OF THE FEAR OF DOING SOMETHING IS TO GO OUT AND DO IT.”. Pay close attention to cash flow. Learn more: An architect’s guide to cash flow. For commercial design, Instagram and LinkedIn are better.

professionals

Sign Up for our Newsletter

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

article thumbnail

Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

Follow This Step-By-Step Process: #1 Find A Commercial Banker You Can Work With. Go to your bank and ask to speak with the commercial banker. Every bank has one and they can be one of your most powerful allies and mentors. The really good news they are on the banks payroll. NEVER SURPRISE YOUR BANKER!

article thumbnail

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

Levelset

Industry research notes that the US roofing industry consists of more than 80,000 businesses employing 250,000 people — and annual industry revenues exceed $50 billion. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Keep the cash flowing like water down a valley.

article thumbnail

How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

Industry research reveals that the US painting industry includes over 255,000 businesses with total annual revenues exceeding $35 billion. It’s an excellent time to consider starting a painting company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for painters.

article thumbnail

How to Start a Plumbing Business: 9 Tips for Growth

Levelset

If you’re looking to start a plumbing business, it’s the perfect time to get with the flow. Industry research shows that the US plumbing industry includes over 130,00 businesses (and more than 500,000 employees) with total annual revenues exceeding $130 billion. Keep the cash flowing through your financial pipes.

article thumbnail

How to Start an Electrical Business: 9 Tips for Growth

Levelset

Industry research shows that the US electrical industry has more than 1 million employees working for 200,000 businesses — and annual revenue exceeding $200 billion. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Keep the cash flowing like current on a hot line.