Remove Cash Flow Remove Finance Remove Office Remove Overhead
article thumbnail

A Cash Flow Guide for Architects

Levelset

However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. Cash flow basics.

article thumbnail

KPIs for Architects: 3 Performance Indicators to Watch

Levelset

Where direct labor is the percentage of salaries that are spent on billable work (rather than overhead time). Related: An architecture firm’s guide to cash flow. Utilization rate is a measure of the percentage of hours spent on billable projects versus overhead or administrative work. Utilization rate.

professionals

Sign Up for our Newsletter

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

article thumbnail

Contractors Are Not Bankers!

Contractor Bookkeeping

McDonalds Restaurants Earns - Massive profits and part of the reason is cash flow. You Can Offer Financing - Accept credit cards! Example - You finished a construction project at 01:00PM, went to your office at 05:00PM, opened QuickBooks, put together an invoice and emailed it to your customer at 06:00PM.

article thumbnail

The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. Select something that allows for office staff, project managers, executives, and those in the field to access the tool—from anywhere. What are the overhead costs? Juggling Vendors, Subcontractors, and Large Inventories.

article thumbnail

The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. Select something that allows for office staff, project managers, executives, and those in the field to access the tool—from anywhere. What are the overhead costs? Juggling Vendors, Subcontractors, and Large Inventories.

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. It’s important to keep your business’ finances separate from your personal accounts. New businesses can leverage technology, automation, and lower overhead costs to compete with existing businesses.

article thumbnail

7 Ways To Grow Your HVAC Business in 2022

Levelset

So read on to learn about strategies for cash flow, sales, finance, marketing, operations, staff, and leadership. Manage your cash flow as well as you handle air flow. An HVAC company that’s not managing cash flow is probably doing about as well as an AC unit that isn’t cooling.