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Business Growth



7 Ways to Bolster Cash Flow In Your Contracting Business

Contributed by Samantha Novick, Funding Circle Managing cash flow can be tricky in any business, but it’s especially tricky in the home service business. After all, taking on a new project often means covering the cost of materials and other expenses out of pocket — and waiting until the entire project is complete to recover…

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Cost Check: Are You Charging the Right Price for Your Services?

Ever wonder if you’re charging the right price for your services? Here, we’ve put together the data* for 29 popular projects to help you find out how your prices stack up to the competition – and if you’re making as much as you could be. Find Average Costs For Your Service: Architect Services Cabinet and…

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5 Ways Your Business Can Make A Difference

’Tis the season of giving! And if you aren’t already, now may be the perfect time for your business to start giving back to the community (plus, retaining top talent and even attracting new customers). Whether you choose to host a food drive, volunteer one afternoon at a homeless shelter or donate a percentage of…

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How to Predict Your Cash Flows

Creating predictability in your cash flow as a contractor starts with taking a look at your bigger financial picture. There are three key areas to focus on: revenues, timing the receipt of payments for projects, and forecasting expenses. Step 1: Start with revenues. Estimate the amount of revenue your business should generate from each project…

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