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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Top 3 ways to establish short and long-term business goals and objectives

Posted by on Sep 21, 2017 in Blog | 0 comments

There is nothing better than getting paid to pursue your passion. Entrepreneurs are known for having the highest level of career satisfaction. But, if you are going to be successful you need to have a plan to reach your short and long-term goals. Where do you start? Get Organized: If you miss important deadlines with clients because you were disorganized, that puts a black mark on your reputation. Company organization is such an important goal. Maintain a calendar in your phone or on paper. This way you can make sure your projects are done on...

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4 Benefits of Using Small Business Consultants

Posted by on Sep 14, 2017 in Blog | 0 comments

You may be an industry expert or have a great idea for a product, but that doesn’t mean you know all the intricacies of running a business. In this blog, we’ll explain four benefits of using small business consultants. Save money Although you have to pay for their service, small business consultants usually help you save money in the long run. They can help you identify areas of wasteful spending and better invest your money for the future. Focus on your core operations  Any time you spend crunching numbers and looking up tax...

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The Do’s and Don’ts of Managing Cash Flow Challenges

Posted by on Sep 7, 2017 in Blog | 0 comments

Cash flow challenges are every company’s worst nightmare. In this blog, we’ll go over some do’s and don’ts of cash flow management. Don’t: borrow at high rates  We’ll start here because it’s probably the most important issue at hand. Some companies will try to exploit you in your time of need. According to this Business Insider article you should never accept these loans: “These kinds of loans can sometimes exacerbate a cash flow problem because, while it has plugged the cash gap, the higher...

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Should You Hire Business Advisers for Your Company?

Posted by on Aug 24, 2017 in Blog | 0 comments

There are many small business owners who want to get an advantage in their business. One of the best ways to improve performance in your business is to get outside counsel. As a business owner, you know everything there is to know about your company. Getting someone from the outside gives you a fresh perspective on how things are going within your business. Strategic Planning One of the most important reasons to hire business advisors is for strategic planning. When you run a business, it is hard to find free time to think about the future....

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