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…
From the outside looking in, running a business seems easy. But don’t let social media fool you; it’s hard. It can be even harder to run a profitable one. There are many things that you need to be aware of and stay on top of to ensure your business is a profitable one. Here is…
Pricing your products and services is one of the hardest things for a business owner to do. It’s not hard physically, but mentally. It is the one thing that can make or break your business. Pricing is not a task; it’s an art. In order to do it properly you have to be very in…
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