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Construction Companies Who Fail Have One Thing In Common

Posted by Sharie DeHart on Fri, Mar 04, 2022

Every contractor who goes out of business has one thing in common, bad financial reports or none at all.

Does this sound familiar? Contractor opens a business because they are so skilled at trade. With a small amount of cash, less than $10,000, a few credit cards with $5,000 available credit, they are off to the races.

You tell friends and relatives about your new adventure and get lots of jobs. Of course, you wouldn't take advantage of friends or relatives at meager prices, would you?

You open supplier charge accounts credit cards from Home Depot and Lowes. Your working capital increased by $20,000. "Wow, life is excellent! I should have done this a long time ago!"

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Topics: Construction Company Failure, QuickBooks Contractors Financial Reports, Bad Construction Bookkeepers, Construction Bookkeeping And Accounting, Contractor Guidance

Construction Company Failure Root Causes

Posted by Randal DeHart on Tue, Jun 18, 2013


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Topics: Construction Company Failure, Paradigm Shift, Fourty Five Root Causes Construction Companies Fai

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