Accurate books mean better decisions about your business future.
Published: 01.01.20 By Ruth King
Published: 01.01.20 By Keven Prather
Published: 11.01.19 By Brandon G. Jacob
Published: 11.01.19 By Ruth King
What matters is the bottom line dollars or that the gross margins are consistent.
Published: 10.01.19 By Ruth King
Profitable contractors do two things extremely well: Manage labor and manage inventory.
Published: 09.01.19 By Ruth King
Once owners are in the habit of receiving financial statements and asking good questions about them, they get more accurate.
Published: 08.01.19 By Ruth King
Accurate financial statements are critical to ensure that the business is profitable or to give owners the information they need to take steps to make it profitable.
Published: 07.01.19 By Ruth King
Collect for profitable work quickly, pay the bills associated with that job and stay solvent.
Published: 06.01.19 By Ruth King
Balance sheets track profits and losses from the time the business started until the day it’s sold.
Published: 05.01.19 By Ruth King
One of the biggest keys to having a break even or profitable first quarter is your attitude.
Published: 04.01.19 By Ruth King
Familiarize yourself with your financial statements and have a good understanding of your company’s accounting.
Published: 03.01.19 By James Leichter
By tracking all of your costs you can make decisions about whether the costs are acceptable or whether they should be cut.
Published: 03.01.19 By Ruth King
If you track by net profit percentage, you’re fooling yourself.
Published: 02.01.19 By Ruth King
Decide what you want your goals to be, why you want to achieve them and get your employees on board.
Published: 01.01.19 By Ruth King
Your service rate would be $140/hr, assuming you could bill 100 percent of a service technician’s time.
Published: 11.01.18 By Ruth King
The foundation of every HVACR company is a thriving maintenance program.
Published: 10.01.18 By Ruth King
Almost every business runs into cash flow problems at some point. It rarely happens but it does happen.
Published: 09.01.18 By Ruth King
Before you make any advertising purchase, determine whether you can at least break even on that purchase or earn your desired net profit on that purchase.
Published: 08.01.18 By Ruth King
You can’t do a good job and stay in business at that price if you don’t sell something during the maintenance visits.
Published: 07.01.18 By Ruth King
These seven procedures help you have a profitably busy summer so that you have cash to survive the slower times of the year.
Published: 06.01.18 By Ruth King
There are times your company shows a profit, yet you have problems scraping enough cash together for payroll.
Published: 04.01.18 By Ruth King
Add your overhead cost per hour and your direct cost per hour. This is the absolute minimum price you must charge your customers.
Published: 03.01.18 By Ruth King
The key to pricing using net profit per hour is that you must estimate labor hours correctly.
Published: 02.01.18 By Ruth King
There are many metrics to track, however, none are as important to profitability than current ratio, acid test, productivity ratio and net profit per hour.
Published: 01.01.18 By Ruth King
Profitability is the key to survival. Here’s five things you can do to ensure profitability in the New Year.
Published: 12.01.17 By Ruth King
Should you prosecute? It depends on how much hassle you’re willing to put up with during the investigation and court cases.
Published: 11.01.17 By Ruth King
You have the perfect employee: hard working, dedicated and accurate. But do you? Here’s how to spot a red flag.
Published: 10.03.17 By Ruth King
Bankruptcy court has the right to request return of payments made to vendors.
Published: 09.01.17 By Ruth King
Your interview process must include a background check, especially for the bookkeeper.
Published: 08.01.17 By Ruth King
Be forewarned: the Department of Labor says you have to pay for meeting time and “gab time.”
Published: 07.05.17 By Ruth King
You shouldn’t be giving your money away, nor should you make it easy for anyone to simply take it.
Published: 06.01.17 By Ruth King
No one thinks to put the numbers you see on your profit and loss statement into an Excel spread sheet to ensure the numbers match. Until now.
Published: 05.04.17 By Ruth King
Theft is heart wrenching. You work hard and you never expect people to steal from you. When they do, your first reaction is disbelief, then sadness.
Published: 04.12.17 By Ruth King
It’s what you do with that sale once it comes in the door that is more important.
Published: 03.09.17 By Ruth King
Starting to build your wealth early will prepare you for large purchases or business expansion.
Published: 03.09.17 By Stoyan Panayotov