Remove Bankruptcy Remove Deals Remove Management Remove Profitability
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Can We Make Home Building a Little Less ‘Interesting?’

Pro Builder

I’ve written a great deal over the years about how to achieve this, even in today’s zero-sum game of severe trade shortages. Process Perils and Profit for Home Builders. Business Management. Business Management Best Practices. Business Management. Secure your trade base. Building Lean? Beyond Value Engineering.

Overhead 105
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Scam Artists Are Calling Contractors Claiming To Be From The IRS

Contractor Bookkeeping

This has been a popular and from all indications a very profitable swindle because it appears to be getting worse. For the reasons outlined above some construction company owners have a nagging concern about when they will be found out and be faced with major fines, penalties and possible bankruptcy and in a few cases prison sentences.

IRS 48
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How to Start a Plumbing Business: 9 Tips for Growth

Levelset

If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. In order to grow, a plumbing company must proactively manage cash flow. While cash flow is critical for survival, profit is essential for growing a plumbing business.

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FAQ's About Outsourced Contractors Bookkeeping Services

Contractor Bookkeeping

It has always been and will likely always be that: 95 out of 100 contractors will earn less than 3% net profit. 4 out of 100 contractors will earn between 3%-15% net profit. 1 out of 100 contractors will earn in excess of 15% net profit. Innovation Or Bankruptcy. profit went straight to the bottom line.

FAQ 49
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How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. In order to grow, a painting company must proactively manage cash flow — or you’ll end up doing about as well as a clogged paint sprayer. Read more: The profit roadmap for contractors.

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Home Builder Success and the Fragility of Good Things

Pro Builder

Shortly after, I read another piece on bankruptcies in home building, and soon I was thinking of the more than 250 builders I’ve worked with over more than three decades and wondering: Does this “ Anna Karenina Principle ” about families also apply to home building? The question is: How profitable and sustainable are they, and at what cost?

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How to Start an Electrical Business: 9 Tips for Growth

Levelset

If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. In order to grow, an electrician company must proactively manage cash flow — or you’ll end up doing about as well as a frayed wire. Read more: The profit roadmap for contractors.