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Many times those costs are not recovered, however; they could make the difference in keeping the Builder or Owner solvent or ending up with a failed project or worse yet bankruptcy. Recently Contractors and Owners have found that Outsource Estimating is becoming a practical way to cut overhead.
New businesses can leverage technology, automation, and lower overhead costs to compete with existing businesses. If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. Other overhead costs include marketing, technology (software, a website, etc.),
If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. To avoid getting caught in the “P” trap (without any profitability), you need to think carefully about overhead. Keep reading: Contractor’s guide to profit and overhead.
If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. When you’re just doing individual jobs, it’s easy to forget about the cost of doing business — but when you’re running a business, you need to remember that every job you take on needs to cover overhead as well.
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