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3 Tips to Pass on Your Family Business and Retire Comfortably

Posted by on Apr 12, 2018 in Blog | 0 comments

Let’s face it. No one wants to work forever. We’re all looking forward to retirement, maybe traveling a little bit, playing golf with our friends or finally taking up that painting hobby that we never got to pursue because of our hectic schedule. But in order to leave your business, you need to be assured that it’s in good hands. And often, because of some reason or the other, you may not have been able to get around to training anyone to handle the day-to-day workings of your business. So here are a few tips to get you...

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How Business Advisors Can Provide Support to Construction Companies

Posted by on Mar 15, 2018 in Blog | 0 comments

One industry that has continued to provide significant profits and cash flow to successful business owners is the construction industry. While the construction industry could be a very profitable industry, it does require a lot of skill and expertise to properly select and price jobs and manage your cash flow. If you are looking to improve your cash flow and accounting practices for your construction business, working with a consultant could be very beneficial as they will provide several valuable services.   Project Pricing and Budget...

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5 Problems Small Businesses Face

Posted by on Mar 2, 2018 in Blog | 0 comments

Running a business is a skill that takes years to acquire. Before that happens, small business owners often run into the same problems. Here are a few things to look out for: Cash flow Finalizing lots of sales must mean that you have sufficient cash at hand, right? Wrong. In fact, this might be the most dangerous assumption small businesses make. Cash flow is entirely different from revenue and profits. You need to keep an eye on your cash levels to make sure accounts are paying their bills. Fatigue It’s common for small businesses to...

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Leadership Challenges with Manager-Machine Structures

Posted by on Feb 15, 2018 in Blog | 0 comments

The business literature is full of discussion on the new management structures, and the hybrid nature of machine-human models for managers. This change is not new, and language such as ‘hybrid’ and ‘manager-machine’ is causing an unfortunate misunderstanding about the nature of the collaboration that has been developing over some years. Managers have been using machine intelligence to make decisions for some time. When discussing machine intelligence, AIs, with all the connotations from science fiction movies of...

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4 Things Every Business Owner Should Know About Cash Flow

Posted by on Feb 1, 2018 in Blog | 0 comments

Cash flow is a misunderstood, yet incredibly important business metric. Here are four things every business owner should know about cash flow to keep their company financially healthy. A cash flow statement tells you if you’re generating or using cash Plain and simple, a cash flow statement tells you if you’re gaining or losing cash. It doesn’t give any insight into sales, debt, future profits, or taxes. It just gives you an idea of how much cash you have and how that figure is trending. Revenue = Cash Flow  At one point or...

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3 Tips to Dramatically Boost Your Bottom Line

Posted by on Jan 18, 2018 in Blog | 0 comments

When you run a small or medium-sized business, small changes can lead to big results and you can dramatically boost your bottom line. Yes, there’s definitely something to be said for working hard but there’s also something to be said for working smart. And you can apply these concepts to your business as well as your life. Here are a few ideas to apply the concept of working smart to your business: Go Digital: Developing an online presence, which consists of a website, blog and social media pages, is relatively inexpensive....

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Making the Most of Your Employees’ Strengths

Posted by on Nov 16, 2017 in Blog | 0 comments

Motivation is one of those topics about which a great deal has been said and written. There are self-help gurus who imply that all your problems in life can be solved if you motivate yourself better. And that all business problems can be solved if you motivate your employees to work harder and better. But the truth is that maximizing employee performance has less to do with motivation and more to do with making the best of each employee’s strengths. Understanding an Employee’s Strengths If you have an employee who’s very...

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5 Indicators of Success in Your Small/Medium Business

Posted by on Nov 9, 2017 in Blog | 0 comments

For a small or medium-sized business to become more successful, it has to live up to its potential. You don’t necessarily have to grow a business to make it more successful. It’s not only large businesses which succeed. Even a small business can be considered successful if the sales numbers are much higher than the running costs. So don’t judge the success of your small or medium-sized business only on the basis of its gross income. It’s the net income that matters. Here are some of the other indicators of success in a...

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How to Stay Motivated to Reach Your Long-Term Goals

Posted by on Oct 19, 2017 in Blog | 0 comments

When working towards a long-term goal, it is easy to get sidetracked and lose motivation. This is because the achievement of the goal is something that will happen only in the distant future. Here are a few tips for staying motivated. Keep a Clear Goal In Mind Be clear about your goal. The clearer your objective is, the more you’ll feel a motivation to achieve it. Write down your goals and objectives on a piece of paper. Remind Yourself Daily Make sure to remind yourself of your goals every day. Do this every morning before you start working....

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Challenges with Modern Infrastructure Development

Posted by on Oct 16, 2017 in Blog | 0 comments

Modern infrastructure development continues to grow more complex. Stakeholders and partners can come from local, state, and federal governments, and the new technologies are often held by universities and other institutions not historically involved in the built environment. Finding ways to successfully navigate through the increasing complexity is one of the roles of modern business. When considering bidding on a project that has a number of decision-makers, spend time understanding these stakeholders and what they are going to bring to the...

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