Forecasting for the Year Ahead: Key Indicators You Can’t Afford to Ignore
- Forcasting, Leadership
- October 22, 2024
By Travis Mayor, Billd Subcontractors have a host of working capital options to choose from: lines of credit, cash, credit cards, construction-specific financing, supplier terms, and more. As they cover all the capital needs of the business, subs have to be strategic and intentional, deciding which source of capital makes the most sense for each
READ MOREBy Patrick Hogan, handle.com Cash flow in construction is notoriously unpredictable. Projects start, work progresses, and costs pile up long before payment hits your account. Delays in invoicing, slow approvals, and late payments can leave subcontractors and suppliers scrambling to cover payroll, materials, and other expenses. Without steady cash flow, even the most profitable projects
READ MOREBy Dave Williamson, Kent Companies As the year draws to a close, businesses are looking ahead and setting goals for 2025. In an environment as dynamic as construction, accurately forecasting the year requires a balanced approach. To build a robust forecast, you need to evaluate leading indicators, which signal future events, and lagging indicators, which
READ MOREAre You Walking in Circle or Hitting the Mark? By Leah Gradl, Kent Companies Scientists proved that people really do walk in circles when lost. A study in “Current Biology” examined the walking trajectories of people who walked for several hours in the Sahara Desert. The results showed that participants were only able to maintain
READ MOREBy Stephane McShane, Maxim Consulting Group The Key to Executing Strategic Plans In the dynamic and ever-evolving business landscape, organizations face the constant challenge of translating strategic visions into actionable plans. The success of any business hinges on its ability to align its operations, resources, and people with overarching strategic goals. This alignment is either
READ MOREBy Joshua Polak, AssuredPartners Any business that has experienced a significant property damage event can attest to the fact that navigating through the claim process can be challenging. Even when appropriate coverage is in place, managing the communication and documentation necessary can be confusing, time-consuming, and disruptive to business operations. These challenges can be magnified
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