Finance & Succession Planning

Do You Have a Signature Stamp?

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

Published: 10.01.23 By Ruth King

Negative Accounts Receivable or Negative Loan Payments?

Published: 09.01.23 By Ruth King

Don’t Recognize Sales as Revenue

Published: 08.01.23 By Ruth King

A Collection of Financial Resources

Published: 07.01.23 By HVACR Business Staff

Give Employees KPIs to Make Annual Reviews Easier

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

Published: 07.01.23 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

Published: 06.01.23 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 …

Published: 06.01.23 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.

Published: 05.01.23 By Keven Prather

Are You Calculating Overhead Correctly?

King shares her formula on how to calculate overhead correctly.

Published: 05.01.23 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.

Published: 05.01.23 By Chris Crew

Establish Long-Term Success by Eliminating Financial Barriers

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

Published: 05.01.23 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.

Published: 04.01.23 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.

Published: 04.01.23 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.

Published: 03.01.23 By Ruth King

Preparing for the Shoulder Season 2023

Tips that even veteran HVAC owners can benefit from when preparing for the shoulder season

Published: 02.01.23 By Heather Langone

Do You Have the Mercedes - Benz Syndrome?

Are you investing in your business growth or your lifestyle?

Published: 02.01.23 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

Published: 01.01.23 By Ruth King

Balance Sheet Graphs: Understanding the Liquidity Graphs

Ruth King explains everything you should know about balance sheet graph

Published: 12.01.22 By Ruth King

Cohesive Wealth Management

Prather tells you why you need a cohesive wealth management plan

Published: 12.01.22 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.

Published: 11.01.22 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?

Published: 10.07.22 By Ruth King

Preparing Heirs for Their Inheritance

The time to prepare your heirs for inheritance is today

Published: 10.07.22 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

Published: 09.01.22 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

Published: 09.01.22 By Keven Prather

The Importance of Family Governance

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

Published: 08.22.22 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

Published: 08.18.22 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 …

Published: 06.27.22 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

Published: 06.01.22 By Ruth King

Weekly Cash Report PDF Download

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

Published: 05.05.22 By Ruth King

Stupid Things HVACR Contractors Do in the Summer

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

Published: 05.04.22 By Ruth King

Calculating HVAC Maintenance Price Plans for Two or More Systems

When pricing maintenance plans for additional home heating and cooling systems, you should know as a business owner, it is not merely about cutting your maintenance price for the first …

Published: 04.01.22 By Ruth King

Pricing Maintenance Agreements – Know Your Profit Bottomline

The goal on performing maintenance should be to net a profit, but at the very least you should never lose money. Contractors often have the misconception that you can lose …

Published: 03.01.22 By Ruth King

Pricing Using Net Profit Per Hour Gives You Ultimate Flexibility

Published: 01.29.22 By Ruth King

Two Things You Absolutely Must Have in 2022

Published: 01.04.22 By Ruth King

One of the Greatest Arguments Among Managers

Unless you have a year-end that is not Dec. 31st, it is time to budget for 2022.

Published: 12.09.21 By Ruth King

What Has to Happen for You to Pay Attention?

Accounting theft, the tale of two contractors who had employees embezzle thousands of dollars.

Published: 11.08.21 By Ruth King