The Payroll vs. Profit Percentage of Revenue Spent on Payroll Calculation is one to keep at your fingertips. As of May 2022, the benchmark for Roofing companies with gross revenues between $1M to $5M are 12%. Payroll and outsourced labor are a major cost to maintain control of to keep your net profit above the […]

1.   Focus on selling your most profitable servicesWhen you know the profit margin of each product or service that you are selling then you will know which is the most profitable, and you can spend more resources promoting that item.2.  Trim unnecessary costsRunaway costs are the most common reason for money leaks in a business. To […]

Consistent improvements to make your construction business function better are crucial for its sustainability and success. Unfortunately, no matter what adjustments you’ve done for your business, you can’t always ensure that your business will run efficiently.Efficiency is what makes your business profitable. If there are instances that your business doesn’t make money and costs you […]

Have you thought about your business credit or how it may affect your company’s growth? In a lot of ways, business credit is similar to personal credit. You need strong personal credit to buy a house, get a loan, or apply for a credit card. A strong business credit file may improve your company’s chances […]

Cash flow is one of the most common struggles for businesses. Cash flow is the lifeblood of everybusiness!I remember when I struggled to get started.Barely scraping by and able to make the bills.I kept going! I built a small amount of debt to get it done!I took a chance on me! With everything risked, I […]