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More stories about Management

  • Improve Your Cash Flow

    Many contractors complain bitterly about their lack of cash flow. That's no surprise, given that employees, subs, and vendors all expect to be paid — whether or not the customer has paid the company.

  • In the News

    Builders weather economic downturn; DeWalt circ-saw recall; more

  • Managing Material Costs With an Escalation Clause

    The other night, my husband and I watched a television show about contractors in California who are walking away from unfinished houses. But few contractors will walk away from an unfinished job voluntarily. That's definitely not part of their business plan. So why would it happen?

  • Letters

    Attic temperatures and asphalt shingles; cynicism vs. basic economics; when employees compete

  • Business

    Prepare your company for the end of the year; get paid faster with credit cards

  • Letters

    Legal debate; quality-control checklist; call for advice; woodpecker problems; more

  • In the News

    Deck ledger bolting schedule may become code; pump-truck accident; West Coast Green show; more

  • Protect Your Assets

    Whenever I speak somewhere, I preach about the importance of separating your personal assets from your company's assets. The best way to do this is by incorporating your business as a corporation or an LLC.

  • Different Folks, Different Strokes

    How to write a practical business plan; different folks, different strokes

  • Personal Guaranty of Business Debt

    Most credit applications contain a personal guaranty. In this one, it's clearly spelled out in item No. 4, but in some cases it's buried in a longer document and written in language that makes it hard for the applicant to understand just what he's agreeing to.