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The Seven Ages of a Business

Constructonomics

Management becomes more formal and accounting needs to be stronger; money comes more from profits, banks and franchising options than from family. Money tends to come from profits, banks and government grants. Money comes from partnerships, joint ventures, new investors and licensing, not so much from banks or government.

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Types of Capital for Construction Businesses

Levelset

Debt capital is funding that a construction business acquires by borrowing, typically from banks or other lending institutions. By taking on debt, construction companies can defer payment on large purchases and use cash reserves for more immediate costs, like employee payroll or purchasing materials for a new job. . Debt capital.

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4 Ways Materials Financing Can Help You Recession-Proof Your Business

Levelset

Managing cash flow in the construction industry is difficult in any economy, but during a recession, specialty contractors face even more financial challenges than usual. At Levelset, we understand the construction industry and the importance of cash flow security for specialty contractors.

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How a Construction-to-Permanent Loan Impacts Contractors & Lenders

Levelset

There are deadlines for invoice submissions for a monthly bank withdrawal. If the contractor doesn’t meet the deadline, the invoice might not be sent to the bank and paid until the following month. Restructuring a few crucial financial processes can help construction companies overcome many cash flow-related financial problems.

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How to Start a Roofing Business: 9 Tips to Grow & Thrive

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping. Keep the cash flowing like water down a valley. You need to be a master of your cash flow.

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When Being A Licensed Contractor Is Just Not Enough!

Contractor Bookkeeping

As an employer among your responsibilities are these: Pay workers’ compensation. For your protection, you should always ask the person you are hiring to show you proof otherwise you could be liable for all of their employee taxes and all of the employer taxes plus fines and penalties. Why do you if you are just going to 1099 them?

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Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

economy into its worst quarter since the Great Depression, with unprecedented declines in gross domestic product, employment, consumer confidence, retail spending, and just about every other metric. . . 1] Mind Your Cash. In a little more than a month, the coronavirus outbreak jolted the U.S. namely, are you running a good business?