There’s one financial metric every contractor should know cold — and it’s not your net profit. It’s your gross profit margin. Gross profit is what’s left after you subtract direct job costs (materials, subs, labor)... Read More

Let’s get something straight: your bank balance is not your budget.It’s not your available cash. It’s not a green light to spend. It’s not even an accurate picture of how your business is doing. It’s... Read More

If you’re like most contractors, the idea of sitting down with your financial statements sounds about as fun as getting a root canal. Profit & Loss? Balance Sheet? Statement of Cash Flows? You didn’t get... Read More