Financial Management
Working Capital for Contractors: Cash Flow That Actually Works
Profit and cash are not the same thing. A contractor can run 14% net margin and still bounce a payroll check if...
Financial Management
What Is EBITDA? A Plain-English Guide for Home Services Contractors
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is the number that determines what your home services business is...
Financial Management
Bookkeeper vs Controller vs CFO: What Financial Role Does Your Home Services Company Need?
Bookkeeper vs. controller vs. CFO: what each role does, when you need them, and signs you've outgrown your current financial team.
Financial Management
When to Stop Doing Your Own Bookkeeping: The Inflection Points for Contractors
The DIY Bookkeeping Trap Every home services company starts with the owner doing the books. Or the owner’s spouse. Or a part-time...
Exit Preparation
Should You Sell Your Contracting Business or Keep It in the Family? A Decision Framework
I’ve had this conversation probably fifty times in the last two years. An owner walks in — usually late fifties, maybe early...
Exit Preparation
Contractor Succession Planning: How to Keep the Business in the Family Without Killing It
Most contractors who try to pass their business to a family member wing it. The ones who succeed treat it like a...