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Finance & Succession Planning

Financial Basics For Contractors

Why it's important to be able to analyze your own financials and five crucial measures of a financially sound company.

Originally published Published: 03.01.07 Author By Skip Snyder

Business Planning, Part 1

The most successful companies in our industry — and no doubt in most industries — plan, execute, and measure. That means they create, execute and track a business plan.

Originally published Published: 11.01.06 Author By Ruth King

Set Your Profitable Price

To calculate your hourly rate consider the direct wages of the technician, the associated labor expenses, a truck, the associated truck expenses, non-productive time, and overhead.

Originally published Published: 10.01.06 Author By Ruth King

Maintenance Programs Protect Profitability

Creating a profitable program requires planning and persistence. You must get your staff on board, develop and deliver direct mail and advertising pieces, and train the office and field personnel …

Originally published Published: 09.01.06 Author By Ruth King

Inventory is a Bet

Ruth King reveals what happens when you don't manage your inventory and how to do it so you don't get hit with a surprise loss.

Originally published Published: 08.01.06 Author By Ruth King

Calculate Your Sales Price, part 2

Clear cut examples illustrate the best ways to calculate sales price.

Originally published Published: 07.01.06 Author By Ruth King

Calculate Your Sales Price, part 1

Dual overhead recognizes that there are different costs associated with materials and labor, and it is more accurate than gross margin.

Originally published Published: 06.01.06 Author By Ruth King