What is the Difference Between a Monthly vs. a Quarterly Strategic Meeting?
Every business needs an accurate understanding of its finances so that both immediate financial health and long-term financial planning can be done well. The foundation of a business’s financial review is the monthly financial meeting and quarterly strategic meeting....
Aaron Mills Podcast Interview with Spot Migration
Hosts: Have you ever wondered how successful architecture, engineering, and construction companies scale their businesses? And have you ever wanted guidance on how to get more growth, wealth, and freedom from your agency? Well, then you’re in luck. I’m Justin...
Trends Your CFO Says to Watch in 2022
2020 and 2021 radically changed the landscape for CFOs, and things don’t show any sign of slowing down. Post-pandemic, we feel the rebound impacts, and those impacts are considerable and lasting. CFOs will be managing the dynamics of inflation, labor rates, cash...
Why Credit Risk Management Is Important to Contractor Businesses
Credit Risk Management Every business is an exercise in managing risk. We all know that risk equals reward, but the goal is to shift that equation as much as possible. Risk mitigation has tremendous value, and when coupled with increased profitability, the risk/reward...
How to Manage Contract Risk for Small Contracting Businesses
Contract Risk Management For Small Business Every business is exposed to a risk of customer payment default if they extend payment terms. The most significant difference between a contractor and many other businesses is that the risk exposure can be far more...
Why Construction Firms Fail and How to Prevent It
Operating Capital It’s a difficult topic to address, but firms often fail. At one moment, a company can be exhibiting tremendous success, and the next, it is closing its doors. There are many reasons why companies fail, but they almost always end with the ultimate...
Why a Bookkeeping Service For Construction Companies Is Essential
Business Bookkeeping Services Your contracting company is excellent at what you do. Customers send referrals, your rates keep going up, and people come to you knowing they’ll get fantastic quality and service. Contractors are great at what they do, but...
How to Perform a Target Market Analysis for Your Contracting Business
Target Market Analysis & Market Barriers You have a fantastic idea for a new product or service that is unlike anything currently available on the market today. Unfortunately, if you have not taken the time to perform a market analysis, then it is all for naught....
