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How to Improve Profit Margins in the Construction Business

roofing business loan options

Owning and operating a construction firm requires a deep understanding of money management. After all, earning enough money to sustain your growing company isn’t as simple as stacking one brick on top of another.  It’s all too easy to fall behind and fight to meet deadlines and the client expectations as costs continue to increase. […]

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4 Smart Financial Habits That Will Help You Grow Your Business

Financial Tips for Small Business Owners

Good financial habits can help you build wealth personally, but they can also give your business a boost. When you’re growth-focused, rethinking how you approach your business finances could make a huge difference in improving cash flow and profitability. As you plan your next phase of growth, consider adopting these 4 smart money habits.  1. […]

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How Your Small Business Can Flourish Among Major Competitors

How Small Business Can Flourish Among Large Competitors

When it comes to competing with giants like Amazon, it’s important for any small business to constantly be mindful of adjustments they can make and be willing to make them. If you’ve owned a business for several years, this can be challenging since you have operations in place that you’ve grown used to. Nonetheless, the […]

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Master Your Cash Flow in 3 Simple Steps

Master Your Cash Flow

Getting a handle on your cash flow doesn’t have to be difficult. That said, it is arguably the most important factor in keeping your business afloat, as well as when qualifying for financing. According to the Small Business Administration (SBA), 20 percent of small businesses fail within their first year, and as many as 50 […]

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4 Items Your Business Should Review Before Year’s End

Administrative Business Responsibilities

With the year winding down, it’s a great time to tackle some housekeeping duties that you may have been putting off. Having a simple checklist to follow can help you complete your most important tasks before December is out. As you get ready for the countdown to the new year, here’s where you should be […]

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Is A Short-Term Loan The Best Fit For Your Business?

When unexpected life events happen, sometimes you’re prepared and sometimes you’re not. As a small business owner, not only are you handling the curveballs that life throws your way, but also the unexpected challenges of business ownership. What happens when you’re not financially prepared for these situations? If you’re a small business owner, cash flow […]

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How to Make Your Business Financially Agile and Immune to Shocks

Small Business Financial Agility and Shock Resistance

Everyone has experienced a financial shock, if not in business certainly in their personal lives. An unexpected car or home repair are common examples. In business, a financial shock can come from things close to home. These might include, a sudden need to repair or replace equipment, a vendor raising their prices, damaged inventory, or […]

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How to Hire a Collection Agency: 9 Questions Small Business Owners Need to Ask

How to Hire a Collection Agency

When customers owe you money, trying to collect those debts by yourself can be a huge challenge. Not only is it time-consuming to track down delinquent payers, asking clients for the money you’re owed can lead to some very uncomfortable conversations. If outstanding debts are a regular source of stress in your business, you might […]

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Five Metrics Any Small Business Should Pay Attention To

Business Metrics To Pay Attention To

Sales figures, inventory tracking, customer retention, ad performance — as a small business owner there are countless metrics and statistics you’re expected to track. While each measurement serves a unique business purpose, having too many metrics can be overwhelming. To avoid “paralysis by analysis,” you need to identify which metrics are the most important to […]

4 Ways to Make Working Capital Work for You

4 ways to make working capital work for you

No matter what kind of business you own, one thing is always true: If you don’t have a strong cash flow, you’re going to run into a lot of trouble. Without working capital, the money necessary to fund short term needs and operations, businesses cannot continue to run. Growing companies often find themselves short on cash […]