Reasons Why Contractor Startups Fail And How To Avoid Them
Contractor Bookkeeping
JULY 8, 2022
Many surveys and reports show that nearly half of all new construction companies close their doors within the first five years of opening them. When we speak with contractors who failed, most say it was due to a lack of cash flow. It was pretty obvious, yet when questioned, all of them said they were "Blind-Sided" and were not aware they were running out of cash until it was too late.
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