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No Guesses – No Surprises
No Guesses - No Surprises Cash flow mismanagement is a primary cause of construction business failure. Many contractors started their business undercapitalized and had to apply the art of cash flow management by “kiting” checks, overdrawing working capital lines of...
The Science of Cash Flow Management
The Science of Cash Flow Management
All competent builders should succeed. There is no reason for the contractor failure rate to be the second-highest among all American businesses right behind restaurants. However, because of the complex nature of cash flow in the construction business, without careful management, contractors often suddenly … Read the rest “The Science of Cash Flow Management”
SURPRISE We’ve Run Out of Money
SURPRISE
We’ve Run Out of Money!
What surprised me most over the many years my consultancy finished hundreds of jobs for sureties after contractors had failed mid-project was how many contractors were surprised when they ran out of money. Most of them believed they were successful up to the day … Read the rest “SURPRISE We’ve Run Out of Money”
Capacity
Capacity
Public financial markets value companies based on their ability to earn money into the future. Financial analysts apply a multiple to the current proven earnings of a given publicly traded company in an attempt to accurately predict the value of future earnings. Valuation is about earnings.
There are 3,759,710 … Read the rest “Capacity”
Construction CFOs – They’re Not Bean Counters
Right Sizing
Right Sizing
Construction firms grow organically. The start-up contractor hires help as he or she goes along adding overhead as needed to handle the expanding workload. In other words, they are “backfilling” after the work comes in. This is organic growth because it grows out of need as a natural … Read the rest “Right Sizing”
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