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Finance & Succession Planning

5 Ways Too Much Inventory Is Costing SMBs

The first in a series from ThermoGrid – How does too much inventory affect the bottom line?

Originally published Published: 12.01.23 Author By JG Van Graan

Do Your Prices Need Revisions in the Coming Year?

Is it always better to raise prices? Understanding the balancing act of price revisions.

Originally published Published: 12.01.23 Author By Rodney Koop

Four “Bewares”

Four warnings that will help you safeguard your business accounts from theft.

Originally published Published: 11.04.23 Author By Ruth King

Do You Have a Signature Stamp?

King warns of the danger of using a signature stamp (in your absence) for checks and online payments.

Originally published Published: 10.01.23 Author By Ruth King

Negative Accounts Receivable or Negative Loan Payments?

Learn the proper accounting for journaling negative accounts receivable on your balance sheets.

Originally published Published: 09.01.23 Author By Ruth King

Don’t Recognize Sales as Revenue

King stresses the important distinction between sales and revenue.

Originally published Published: 08.01.23 Author By Ruth King

A Collection of Financial Resources

An aggregated selection of the most valuable downloadable documents and advice shared by King.

Originally published Published: 07.01.23 Author By HVACR Business Staff

Give Employees KPIs to Make Annual Reviews Easier

Using KPIs to streamline and support annual performance reviews and bonuses.

Originally published Published: 07.01.23 Author By Ruth King

The Compensation Equation™ Part 3/3

The third in the series is on how The Compensation Equation™ affects recruitment, retention, and company culture

Originally published Published: 06.01.23 Author By Chris Crew

Share the Wealth

Long-term HVACR Business financial columnist advises how to determine bonuses and profit sharing for employees. Implementing a bonus structure and profit-sharing plan can help employees understand the costs and profits …

Originally published Published: 06.01.23 Author By Ruth King

What’s the Point of Asset Protection?

This installment delves into asset protection and why it’s vital for any business owner.

Originally published Published: 05.01.23 Author By Keven Prather

Are You Calculating Overhead Correctly?

King shares her formula on how to calculate overhead correctly.

Originally published Published: 05.01.23 Author By Ruth King

The Compensation Equation™ Part 2/3

In Part 2 of this series the focus is margins, profitability, and total labor. Crew explains how to use the The Compensation Equation™ to determine true profitability.

Originally published Published: 05.01.23 Author By Chris Crew

Establish Long-Term Success by Eliminating Financial Barriers

Overcome the financial barriers that can plague any growing business and find success.

Originally published Published: 05.01.23 Author By Michael Disney

The Compensation Equation™ Part 1/3

In this first of a three-part series, Crew explains the formula to compensation and why it matters.

Originally published Published: 04.01.23 Author By Chris Crew

Are You Afraid to Fire a Customer?

All contractors want to keep customers, but King explains that sometimes, it costs you less to let some customers go.

Originally published Published: 04.01.23 Author By Ruth King

Don’t Run Out of Money Because You Grew Too Fast

In another article straight from her latest book – King warns of growing too fast without planning fiscally.

Originally published Published: 03.01.23 Author By Ruth King

Do You Have the Mercedes - Benz Syndrome?

Are you investing in your business growth or your lifestyle?

Originally published Published: 02.01.23 Author By Ruth King

Do You Abdicate Financial Responsibility for Your Company?

The financial author explains the rami fications of abdicating financial responsibility for your company

Originally published Published: 01.01.23 Author By Ruth King

Balance Sheet Graphs: Understanding the Liquidity Graphs

Ruth King explains everything you should know about balance sheet graph

Originally published Published: 12.01.22 Author By Ruth King

Cohesive Wealth Management

Prather tells you why you need a cohesive wealth management plan

Originally published Published: 12.01.22 Author By Keven Prather

Are You Making these Balance Sheet Mistakes?

A feature on the importance of keeping accurate balance sheets and how crucial a part they play in a successful business.

Originally published Published: 11.01.22 Author By Ruth King

A Better Way to Look at Gross Margins

What is the gross margin and why is it important to graph changes monthly?

Originally published Published: 10.07.22 Author By Ruth King

Preparing Heirs for Their Inheritance

The time to prepare your heirs for inheritance is today

Originally published Published: 10.07.22 Author By Keven Prather

A Better Way to Look at Profit and Loss Statements

Tease: Utilize both monthly trailing data and P&L data when analyzing the profitability of your business

Originally published Published: 09.01.22 Author By Ruth King

We, the Family: The Benefits of a Family Constitution

Tease: Ultra-wealthy families with long-term legacy objectives should establish a family constitution

Originally published Published: 09.01.22 Author By Keven Prather

The Importance of Family Governance

Learn about family governance to assure your wealth legacy lives for future generations.

Originally published Published: 08.22.22 Author By Keven Prather

Stupid Mistakes Contractors Make In The Fall - Part 3

Ruth King concludes the Stupid Mistakes Series with this final installment, Don’t Make These Mistakes This Fall

Originally published Published: 08.18.22 Author By Ruth King

Stupid Things Contractors Do in the Summer – Part 2

Let’s make sure neither you nor your team members, both in the office or on the road, make these mistakes. And I am quite sure, once they are revealed, you …

Originally published Published: 06.27.22 Author By Ruth King

Stupid Truck Mistakes Contractors Make

The second installment in the series, this is the stupid truck mistakes contractors make and how to avoid making them

Originally published Published: 06.01.22 Author By Ruth King

Weekly Cash Report PDF Download

Protect your profitability and cash – don’t do stupid things.

Originally published Published: 05.05.22 Author By Ruth King

Stupid Things HVACR Contractors Do in the Summer

Protect your profitability and cash – don’t do stupid things.

Originally published Published: 05.04.22 Author By Ruth King