Leslie Shiner's Posts

  • Business

    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.

  • Business

    Has it ever occurred to you that dropping your prices to stay in business could put you out of business? Many contractors tell me they’ve had to drop their prices to remain competitive in today’s market. They just know they’re losing jobs because the “other guy” is cheaper.

  • Business

    As a financial consultant to small construction companies, I've seen lots of cases where a builder finished a job and the bookkeeper closed the books on it — only to have a late subcontractor bill for that job show up months later.

  • Business

    In 2006, occupational fraud cost U.S. businesses about $600 billion, or roughly $4,500 per employee, according to the Association of Certified Fraud Examiners. Building contractors rank second in the list of targets, after retail stores.

  • Business

    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.

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