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    Solutions To Reduce Debtor Days For Construction Business Owners

    Posted by Sharie DeHart on Fri, Mar 25, 2022

    Steady, reliable cash flow is crucial for the survival of your construction business – so taking steps to ensure your customers pay promptly is a key priority.
     
    Debtor days refer to the length of time it takes clients, on average, to pay you for the work you've done. A higher number of debtor days means clients take longer to pay you. A lower number of debtor days means clients take less time to pay you, which means there's more cash available for your business to use. 
     
    In the construction industry, debtor days can average as long as almost three months. Shortening that length can have a significant impact on your cash flow.
     
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    Topics: Outsource, Do What You Do Best And Outsoure The Rest, Invoicing, Winning Teams, Clients, Contractor Guidance, contractor delegation

    Six Strategies To Solve Your Delegation Problem

    Posted by Sharie DeHart on Fri, Feb 25, 2022

    When you run your own business, it's tempting to take on every responsibility. There are many reasons for doing so: you want something done a specific way because you don't have the time to explain how to do it or because you're not sure someone else can handle the task. 
     
    Delegating saves you valuable time and energy. Sharing duties with your team also fosters a sense of responsibility, engages them, and helps them develop their skills. 
     
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    Topics: Outsource, Do What You Do Best And Outsoure The Rest, Winning Teams, Contractor Guidance, contractor delegation

    Uniquely Highly Profitable Contractors Target High-Profit Enjoyable Clients

    Posted by Sharie DeHart on Fri, Jun 23, 2017


    Every Construction Contractor Has Clients Who Want To Help

    Part of the reason is that they want to be sure the project is moving and things are being done. Other times the goal is to hopefully save money.  

    In many cases, the most helpful thing a client can do on a project is keeping the area clean, pets under control and children out of the way. Anything other than that and you, the contractor could be at risk of losing everything you own or ever will if your client or customer is injured while working on your construction project even though it was their home or business.

    There is a reason why most automotive repair shops have a sign like the one shown below and as a construction contractor, you would be wise to have signs professionally made and use them on every construction site.

    Read More

    Topics: Do What You Do Best And Outsoure The Rest, Outsourced Accounting For Contractors

    Is Your Accountant Helping Or Hurting Your Construction Company?

    Posted by Randal DeHart on Fri, Apr 04, 2014

    One Of The Biggest Complaints

    From Contractors That Contact Us

    Read More

    Topics: Traveling Bookkeeper, Do What You Do Best And Outsoure The Rest

    QuickBooks Setup And Chart of Accounts For DIY Contractors
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