Ruth King has over 25 years of experience in the hvacr industry and has worked with contractors, distributors, and manufacturers to help grow their companies and become more profitable. She is president of HVAC Channel TV and holds a Class II (unrestricted) contractors license in Georgia. Ruth has written several books, all of which you can find at https://ruthkinghvac.com/ruths-books/. Contact Ruth at ruthking@hvacchannel.tv or call 770.729.0258
Every bank deposit should have one percent of the deposit amount transferred to a savings account.
Cash is the lifeblood of your company. You should watch it every day.
If your company has a great reputation, then people will want to work there and want to stay there.
Make sure you understand the impact of Paycheck Protection Program loans.
You need to create your updated P&L to show at least a few dollars of profit at the end of the year.
There are three simple marketing activities you should do to increase your revenues so you cover the losses from the past few months.
Many people are home, and want to get their systems ready for summer now.
A maintenance program can help your company in the long haul. Learn more in this valuable article from HVACR Business Magazine.
You can enjoy the fruits of your labor. Just don’t do it to the detriment of your company.
The total balance on the accounts receivable and accounts payable aging reports should match the values printed on the balance sheet.
Accurate books mean better decisions about your business future.
Whether residential or commercially focused, all companies need a thriving maintenance program.
What matters is the bottom line dollars or that the gross margins are consistent.
Profitable contractors do two things extremely well: Manage labor and manage inventory.
Once owners are in the habit of receiving financial statements and asking good questions about them, they get more accurate.
