article thumbnail

7 Things Contractors Need to Know About Retainage

Fieldwire

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. Retainage can cause a cash flow burden for contractors, especially subs at the bottom of the payment chain. Retainage is no different.

article thumbnail

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

Levelset

Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Starting a business starts with the legal and logistical nuts and bolts that get you ready for growth later on.

professionals

Sign Up for our Newsletter

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

article thumbnail

How to Start a Plumbing Business: 9 Tips for Growth

Levelset

Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Starting a business starts with the legal and logistical nuts and bolts that get you ready for growth later on.

article thumbnail

How to Start an Electrical Business: 9 Tips for Growth

Levelset

Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Starting a business starts with the legal and logistical nuts and bolts that get you ready for growth later on.

article thumbnail

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

Levelset

Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Below, we’ve listed some items your business plan should definitely include. .

article thumbnail

Selling Your Home Building Company? Here's What to Expect

Pro Builder

Each community and asset in your portfolio requires diligence, legal paperwork, and closing documents. You also need to prepare key information about the assets that will be presented to bidders, who will then use that data to evaluate your business and populate their own cash flow and valuation models. Diligence and Closing.

Deals 52
article thumbnail

Equipment Financing Means Flexible Solutions For Business Needs

Buisness Facilities Contributed Content

For example, typically most lenders want to see two years of financials, which startups, by definition, don’t have. This is a critical benefit since cash flow is often a concern for small and new businesses. Expense planning for cash flow and business cycle fluctuations. Meet the business’s equipment needs.

Finance 63