Be Debt Free
By Michael StoneThe final item on our list of things you can do to assure positive cash flow is to avoid debt. If you are in debt, set the goal of becoming debt-free.
Be Prepared to Pay Taxes
By Michael StoneFar too often when contractors come to us for help they are behind paying one or more of their taxes. Don’t let this happen to you.
Watch Your Overhead
By Michael StoneIt's important to set goals for your business. It's also important to track, on a month by month basis, how close your actual finances are to those goals.
Know What You Need, and When
By Michael StoneIn order to have a positive cash flow, it helps to know what your cash needs are today, in six months, and a year from now.
Volume Built per Employee
By Michael StoneIf you find yourself struggling to make payroll, there could be a lot of things wrong and one of them might be that you have too many people on that payroll.
Use the Right Payment Schedule
By Michael StoneIf you want positive cash flow in your construction business, make sure you're using the right payment schedule on your contracts.
Create Accurate Estimates
By Michael StoneIf you forget to include the cost of insulation, you’ll be paying for it out of your own pocket.