Category: Growing a Business

Managing Construction Cash Flow

Managing Construction Cash Flow

Cash flow is the cash coming into and going out of your construction business during a specific period — and managing it well is necessary for your long-term success. A healthy cash inflow and outflow shows you have the ability to collect from customers and enough cash to cover your expenses, which is especially important in the construction industry. Often, you need to bid on the next big project even before you get paid for your last project, which makes… Read More
What Are the Benefits of Financing Your Marketing Spend?

What Are the Benefits of Financing Your Marketing Spend?

In 2012, Dollar Shave Club spent $4,500 on a 90-second YouTube video titled “Our Blades Are F***ing Great.” Thanks to the crude tone, it went viral instantly. Forty-eight hours later, the company found itself with millions of views and 12,000 new orders. As a small business owner, you already know how powerful marketing can be. But what if you don’t have the cash flow you need to fund campaigns? The good news is that financing can help. Let’s explore how… Read More
Creating an LLC in California

Creating an LLC in California

When launching a new business in California, you’ll have to make the decision about what type of business structure you want to operate as. A sole proprietorship? California corporation? What about a California LLC? There are benefits to each type of business entity, but in this article, we’re going to look at the limited liability company and why it might be a good fit for you. We’ll also talk about creating an LLC in California to help you down that… Read More
How Commercial Fleet Vehicle Financing Can Work for You

How Commercial Fleet Vehicle Financing Can Work for You

If you have a business that needs vehicles to allow your workers to get around, deliver goods, or haul items, you’ve probably considered a commercial vehicle fleet. Construction crews, HVAC workers, landscapers, equipment dealers, solar panel installers, and general contractors all need specific vehicles to do their work. Whether you need to get goods to people or allow your workers to travel for work, a fleet of vehicles can be a major component of your business. Of course, buying any… Read More
Gusto Payroll Review

Gusto Payroll Review

Running payroll is an essential task for many small business owners, but it can be time-consuming and complicated as your business grows. The best payroll software offers flexible functionality to streamline the payroll process, so you can save time and avoid mistakes.  Whether you have employees, pay yourself a salary, or pay contractors, there are multiple steps involved. You need to onboard new employees and withhold taxes, file tax forms for contractors and employees, and make sure employees get their… Read More
What Does Annual Revenue Mean for Your Business?

What Does Annual Revenue Mean for Your Business?

Business owners would do well to understand the intricacies of their business finances, including cash flow, profit, loss, and revenue. If you’re not fully sure how to measure your company’s revenue, this article will help. What Is Annual Revenue? Your company’s annual revenue, or annual sales, is the total amount of money it earns over a year. You might measure that year as a calendar or fiscal year, depending on how you do your accounting.  Revenue does not take expenses… Read More