#CashFlowManagement

PROFITABILITY VS REVENUE GENERATION

In the construction industry, prioritizing revenue over profitability can be misleading. While revenue growth seems advantageous, it can lead to higher overhead and cash flow issues. Success hinges on accurate job costing, effective WIP tracking, and cash flow management. Ultimately, focusing on profitability is critical for long-term stability and growth.

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WHEN SHOULD MY SMALL BUSINESS HIRE A CONTROLLER?

One of the toughest decisions for a growing business is knowing when it’s time to move beyond a bookkeeper or staff accountant and bring in a Controller. Many small businesses stick with a bookkeeper and an outside CPA for tax season, believing that’s enough. But waiting too long to hire a Controller can actually cost more in the long run.

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