Construction is simply different from every other industry. With retail, manufacturing, or even agriculture, you tend to operate your business by fairly predictable patterns. Construction contractors (or general contractors), however, have to see each and every...
Bookkeeping
How to Find Revenue in Financial Reports…and Use It to Your Advantage
Mark V. Hurd, former CEO of Hewlett-Packard and Oracle, once said, “I know only a few ways to take market share and drive new revenue. I can engineer better products and services, I can build better relationships with my customers and deliver a higher level of...
How to Calculate Cash Flow (and Why This Number Matters)
As a small business owner, it can sometimes feel like you’re alone on a desert island with no help in sight for the endless financial reports you have to deal with. This blog post on how to understand and calculate cash flow is the 3rd in a series we’ve been doing on...
How to Read a Monthly Balance Sheet (And Why It Matters)
According to financial website The Balance SMB, the monthly balance sheet is “the most important of the three main financial statements used to illustrate the financial health of a business.” In previous blog posts on this site, we have talked about those 3 key...
3 Most Important Types of Financial Statements Your Business Needs
It’s a question that most of us have been asked at a dinner party at some point in our lives: “If you were in a plane crash and stranded on a desert island, what one _____ would you want with you?” In 2005, The Office did an episode titled “The Fire” in which a small...