It’s a new year and time to focus on 2023 and beyond. It’s time to plan for something new, create new goals and reset your business for what’s to come. Now may be the time to automate your practice more. But maybe you have some fear and anxiety around doing that. Fear that implementing more…
The design-build process is gaining in popularity – that’s great news for you. But you won’t realize your profits if you don’t properly track your costs and revenue. Profitable design-build firms diligently allocate every single expense to every client/project. First, let’s review the key elements of “job costing;” then we’ll walk through a systematic approach…
As an interior designer, you prefer sketching conceptual renderings for your new clients or meeting the contractor to check a project’s progress – over reviewing your financial reports. However, to continue doing business, to grow your business, and to keep doing what you love – you must monitor your company’s financial performance. This performance is…
Creative thinkers like you can’t help it! You love that zone – the ideas are flowing, the images are popping, and the phrase, “let’s try this” is on repeat. Satisfaction feels new… every time you say, “That’s it – let’s go with these!” Because you’re taking such good care of your clients, your business is…
At the beginning of this month, I took a vacation. It was my first real vacation since I started my business almost 10 years ago. It was 5 days and 4 nights of fun, sun, and laughter. How have I not done this in 10 years? Crazy!!!!! You better believe I am already planning the…
Everything has changed. Nothing is the same. How do we survive? How do we push through? How do we continue to grow when cash flow is a factor for everyone? These are the questions that we, as business owners are asking ourselves every day. As we continue to fight to stay afloat during this unprecedented…
The current state of the day uncertainty in our lives and businesses. We have to keep our eye on the prize and figure out ways to stay afloat during this time. The following is a list of resources, by category, for you to get support. This list is will be updated daily during this crisis…
As I sit here and watch the news and scroll through social media, I can’t help but to grow more and more concerned about what is happening in the world today as a result of Coronavirus. Like how did this happen? How did we get here? Almost every year since 2001 there has been some…
When working with subcontractors and outside service providers, it is important that you obtain a Form W9 from them so that you can are in compliance come tax time. Many contractors don’t want to complete one because they don’t want to report the income. But don’t let them convince you that not getting one is…
Project accounting is one of the most important financial tracking methods for construction companies. Often referred to as job costing, it is the process of tracking all of your costs and revenues towards a project or job. This is often the key reason why business owners have low or no profitability. Because not tracking all…
