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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
Do you really need a “blog” for every house you start or a “Twitter feed” telling your prospects what you had for lunch? You just got your Web site up and running last year — isn’t that good enough?
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.
Uncertainty abounds as lead-safe remodeling deadline nears; Haiti says no thanks to formaldehyde trailers; U.S. glassmakers lose out to Chinese company; more
Centerline Capital Group has sold its real estate debt fund management and commercial mortgage loan special servicing business.
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