Accurate estimating is the foundation of your business. Until you have control over your estimates, anything else you want to do with your company is mostly a pipe dream. You'll find it hard to generate a reliable revenue stream, so you'll lose control of many facets of the business.
You'll be rushing to sign jobs to collect the down payment, rather than taking the time to set them up properly. There will be a constant push to start more jobs than you have the resources to finish, and you may come to rely on an aggressive payment schedule that masks the bleak financial picture of how a project is going. Eventually, you'll...
to read the full article.