Even if liquidity ratios are stable or increasing, showing increasing profitability, compensation percentages may show a different story. If compensation percentages start to increase, there’s a productivity problem.
Published: 06.01.14 By Ruth King
Published: 05.01.14 By Ruth King
Published: 04.01.14 By Ruth King
Published: 04.01.14 By George Hedley
The Small Business Administration’s guide to payroll, tax and benefit withholding, and reporting.
Published: 04.01.14 By HVACR Business Staff
Your Acid Test - Do You Have Too Much Inventory? Track This Indicator to Get a Clearer Financial Picture
Published: 03.01.14 By Ruth King
Check Your Liquidity Ratios
Published: 02.01.14 By Ruth King
Safeguarding the Environment, Your Customers, and Your Bottom Line through Smart Refrigerant Recovery.
Published: 02.01.14 By Corey Hundley
Comparing KPI ratios to industry standards alone can be a risky move.
Published: 01.01.14 By Ruth King
Tax credits on the chopping block that impact your business
Published: 11.01.13 By Charlie McCrudden
In the first of a three-part series, Ruth King explains why setting goals is the first phase of business planning and why it's important to involved your employees.
Published: 10.01.13 By Ruth King
Here are six actions you can take to increase your commercial maintenance agreement business.
Published: 09.01.13 By Ruth King
This article explains what actions you should take when you think a family member may be embezzling from the business.
Published: 09.01.13 By Lois Lang
Owners are usually experts at operating their companies, but not about the details of bookkeeping. So a good bookkeeper can be a tremendous asset. Learn how to identify and hire …
Published: 07.01.13 By Ruth King
Calculate your debt ratio, then act if it is too high.
Published: 05.01.13 By Ruth King
5 ways to help businesses large and small successfully avoid credit card fraud.
Published: 05.01.13 By Rob Bertke
Tracking maintenance-agreement enrollments and renewals is critical to growing a strong maintenance customer base. Tracking forces you to focus. Focus gives you the best chance for success.
Published: 04.01.13 By Ruth King
Purchasing business software is unlike buying off-the-shelf software in a number of ways, but perhaps the most important difference is that you are purchasing a relationship
Published: 03.01.13 By Wayne Newitts
Accounting for commercial maintenance agreements is performed differently depending on the type of agreement sold and how that agreement is billed. I’ll cover full maintenance agreement accounting and planned maintenance …
Published: 03.01.13 By Ruth King
When does construction-specific accounting and operations software start to make sense for HVACR contractors? It varies. Some businesses approaching $50 million in annual revenue are able to get by with …
Published: 02.01.13 By Wayne Newitts
A good maintenance agreement program will help even out cash flow, increase your company’s bottom line, and keep your field employees productive throughout the year.
Published: 02.01.13 By Ruth King
John Augustine, Chief Investment Strategist for Fifth Third Private Bank, talks about the impact of the presidential elections, Europe’s rocky economy, and persistent domestic unemployment.
Published: 01.01.13 By John Augustine
Once you understand your financials and start consistent monthly reviews, you must boldly implement changes based on what you see.
Published: 01.01.13 By Ruth King
Last month I wrote about how to determine whether you can afford to hire a field employee. This month I’ll give you the calculations to determine whether you can afford …
Published: 12.01.12 By Ruth King
Your company is growing. You feel the need to hire another field employee. Can you afford to hire this person? Find out by using this mathematical calculation.
Published: 11.01.12 By Ruth King
Here are the stupid things that I know you, the smart contractor, won’t do now that the unusually hot, humid and demanding summer is over.
Published: 10.01.12 By Ruth King
How to be creative and resourceful in finding financing during economic hardship.
Published: 09.01.12 By Ron Edinger
Editor’s Note: This is the fourth and final in a series of how to use graphical depictions of financial ratio trends to help contractors spot potential problems early and make …
Published: 08.01.12 By Ruth King
Editor’s Note: This is the third in a series of how to use graphical depictions of financial ratio trends to help contractors spot potential problems early and make proactive decisions …
Published: 07.01.12 By Ruth King
If you are operating your business in corporate form, it is important to follow formalities. You should sign contracts in your capacity as an officer, and contracts should always be …
Published: 06.01.12 By Mike Coyne
This is the second in a series of how to use graphical depictions of financial ratio trends to help contractors spot potential problems early and make proactive decisions about financial …
Published: 06.01.12 By Ruth King
Every month you should receive accurate and timely financial statements. Looking at one month’s financial statements (balance sheet and P&L statement) does not tell much. To see where your business …
Published: 05.01.12 By Ruth King
Without profits, cash runs out. Yet, your business could have an unprofitable month or quarter and still survive. Many contractors that operate with Dec. 31s as their year-end, state that …
Published: 04.01.12 By Ruth King
Each month your P&L tells you whether you earned a profit or had a loss. It does not tell you how much cash you have! You must turn your profits …
Published: 03.01.12 By Ruth King
In lean times you can decrease cash spending by using inventory in your shop and on your trucks. Ruth offers a break-even formula to calculate what your company needs to …
Published: 02.01.12 By Ruth King
Ruth King offers three suggestions to help you get the most profitability and productivity from every dollar that comes in the door.
Published: 12.01.11 By Ruth King