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Let's begin this month by reviewing some basic financial concepts and benchmarks.
Budgeting for your marketing, sales, and project starts
Take some pain out of the yearly exercise of creating your jobs budget
Here's an effective way to organize and categorize expenses and job-cost data and compare the results with your forecasts.
Knowing how many jobs you need to complete and collect for on a monthly and quarterly basis is critical to meeting the financial goals you set for the period. But how do you know on a week-by-week — or even day-by-day — basis whether your jobs are moving you toward the goal line?
Unlearning bad habits picked up during the boom years is the first step to recovery.
Take a look at your “break-even volume,” which is the bare-minimum volume of work that you need to complete (and get paid for) in order to keep your doors open.
Managing by the numbers
In recent years I’ve spent a lot of time speaking to and consulting with builders and remodelers, big and small, and I’ve noted that there’s often confusion about what types of costs go where on a financial statement.
When outside temperatures are a chilly 32°F, Venmar’s EKO 1.5 heat-recovery ventilator (HRV) uses a polypropylene core to transfer up to 75 percent of the heat from the exhaust to the supply air, says the manufacturer.
Energy Star raises the bar with tough new 2011 specs; asphalt roofing prices defy downturn; Pella scores high; more
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