Aki Merced
Articles by Aki Merced
-
How construction contractors can avoid or handle nonpaying customers
Thursday, April 18, 2019When construction contractors do business with clients, there is a fair expectation of payment for materials, labor, and services supplied. But sometimes, a client is unable to pay due to their financial difficulties and other situations, for reasons honest and otherwise. Regardless of the circumstances, however, not getting paid will hurt any business. Construction contractors need to have a strategic approach to collecting money and preventing nonpayments from constricting their cash flow. Here are some approaches that construction contractors can use to avoid and handle nonpaying customers.
-
5 strategies for better construction cash flow
Wednesday, April 03, 2019"Revenue is vanity, profit is sanity, but cash is king." This oft-repeated adage has stood the test of time for a good reason. It is the principle that guides business owners on the importance of cash flow. No matter how successful you are in promoting your business and closing sales, operating with a negative cash flow can severely impact your operations. Here are five strategies that you can use to manage your cash better and maintain a positive cash flow.