Tag: 2008 July Issue
These items have all been tagged with the tag "2008 July Issue", You can see other tags in the Tag CloudConstruction Business Owner, July 2008
Working capital-the money needed to fund day-to-day business operations-is a primary indicator of a company's financial health. A healthy cash flow enables companies to meet current and long-term financial obligations with reduced reliance on external funding. Without positive internal cash flow, many companies rely on lines of credit and short-term borrowing for day-to-day expenses, which further increases the cost of doing business. In a credit-dependent industry, such as construction, many profitable companies can find themselves in financial difficulties if they fail to manage their working capital appropriately.
Construction Business Owner, July 2008
It's hard to open a newspaper or watch the news without hearing about the housing meltdown and the effect it is having on the rest of the economy. There are signs that it will affect other construction sectors. The following, often over-looked, strategies will improve a contractor's chances of successfully managing his or her business in tough times.
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