Estimating: From Yellow Pad to Excel Spreadsheet
As your business grows, you'll need to develop an estimating system that does more...
Four Common Delusions Among Contractors
Contractors are often their own worst enemies. Here are four ways they make it...
Nothing but Net
Judging a company's profitability based on gross profit can be misleading. Your...
Control Costs With a Purchasing System
For the past several columns we've been talking about the importance of gross...
Protecting Profits in Your Construction Business
Let's begin this month by reviewing some basic financial concepts and benchmarks.
If Time Is Money, How Can I Control the Clock?
Knowing how many jobs you need to complete and collect for on a monthly and...
Before You Drop Your Prices, Read This
Has it ever occurred to you that dropping your prices to stay in business could...
Determining Your Break-Even Point
Like many small contractors, you probably want your business to grow and produce...
Looking Beyond the Bottom Line
Too often, business owners will print a profit-and-loss statement (P&L, also called an income statement) and then look at just the bottom line net profit.