
As baby boomers prepare for retirement, business owners are faced with identifying and grooming their successors. Mergers and acquisitions, ESOPs, management buyouts, joint ventures, sale of business and family members are all important aspects of succession planning.
Adapting new technologies can help boost construction productivity and profitability, giving your company a competitive advantage. Cloud-based and security solutions, dashboard reporting and technology integrations will keep your team in the loop while collaborating on various projects in a secure environment.
Profit margins are tight in a competitive, saturated market. Identifying and addressing areas of operational risk, like inaccurate job costing, lack of timely information, poor collaboration between office and field, and turnover of key employees, can help you streamline operations and increase profits.
As jobsite locations change regularly, contractors are left with an array of costs ranging from travel time, equipment and jobsite expenses. Understanding the intricacies of construction specific accounting is crucial when looking to maximize profits and cash flows.
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