Levelset
APRIL 5, 2022
Finance material purchases. Material financing can help you delay the payment of material invoices for up to 120 days. A financing company pays your vendor directly, and you pay the financing company once you have enough cash on hand. Last but not least, establish and follow your company’s mechanics lien policy.
Levelset
AUGUST 17, 2022
Where direct labor is the percentage of salaries that are spent on billable work (rather than overhead time). Utilization rate is a measure of the percentage of hours spent on billable projects versus overhead or administrative work. The break-even rate is calculated by taking total operating expenses divided by direct labor expenses.
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Levelset
AUGUST 4, 2022
If you don’t have enough cash available for your expenses, you may need to look at some short-term financing options. Where direct labor is the percentage of salaries that are spent on billable work (rather than overhead time). Financing activities include stock offerings and long-term debt. Example of revenue projection.
Levelset
JULY 22, 2022
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. From there, you can track your accounts receivable, accounts payable, and overhead expenses to see your current cash flow.
Levelset
JULY 18, 2022
It’s important to keep your business’ finances separate from your personal accounts. To avoid getting caught in the “P” trap (without any profitability), you need to think carefully about overhead. Keep reading: Contractor’s guide to profit and overhead.
Levelset
JULY 19, 2022
It’s important to keep your business’ finances separate from your personal accounts. When you’re just doing individual jobs, it’s easy to forget about the cost of doing business — but when you’re running a business, you need to remember that every job you take on needs to cover overhead as well.
Levelset
JULY 15, 2022
It’s important to keep your business’ finances separate from your personal accounts. When you’re just doing individual electrical jobs, it’s easy to forget about the cost of doing business — but when you’re running a business, you need to remember that every job you take on needs to cover overhead as well.
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