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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

The problem is high profit jobs have a way of turning into low or no profit jobs and in some cases they can bankrupt your construction company because you bid the project using whatever model you are accustomed to using and in the end you wind up with cash flow problems. Home Builder Doing A Residential Remodel.

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Serious And Funny Construction Definitions Contractors Enjoy Reading

Contractor Bookkeeping

Over The Past 30+ Years - I have accumulated a variety of terms to describe the construction industry. Aggravation Box - Computer with construction accounting software operated by a trainee. Assets of Company - Cash / Receivables – Payables / Trucks / Tools / Equipment / Material.

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

Levelset

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. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more.

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How to Start a Plumbing Business: 9 Tips for Growth

Levelset

It’s an excellent time to consider starting a plumbing company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for plumbing companies, which are expected to grow revenues by more than 1% annually for the next five years. Review your cash flow regularly.

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How to Start an Electrical Business: 9 Tips for Growth

Levelset

It’s an excellent time to consider starting an electrical company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for the electrical industry, which is expected to grow revenues by more than 1.5% Keep the cash flowing like current on a hot line.

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

Levelset

It’s an excellent time to consider starting a roofing company, as both the residential and commercial sectors are experiencing a wave of new construction, and that means opportunities for the roofing industry, which is expected to grow revenues by around 1% annually for the next five years. . Keep the cash flowing like water down a valley.

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Contractor's Bookkeeping Causes Regular Bookkeepers To Panic!

Contractor Bookkeeping

Finding a customer or a client who needs something built, repaired or remodeled. It helps if you understand that most Construction Contractors live in a rough and tumble world. Construction is a feast and famine type of industry. Either way it will be magnificent or a lot of fun! In most cases neither one is true.