Christine Hradsky No Comments

Apply the Critical Path Method to Manage Cash Flow

Cash Flow

One way to help ensure your company meets it’s cash flow and financial goals is to apply a form of critical path analysis.

Construction project financing and cash flow management are unique for several reasons.

First, start-up construction companies are very easy to form with the “two men, tools, and a truck” business model. Because of this, credit and business history often are not extensive as the positive histories that typically give businesses access to large sums of capital to start the business. Read more

Christine Hradsky No Comments

Brace Your Business for Disaster Scams

Construction work in the wake of a disaster is a prime target for scams. Be cautious in selecting your construction firm.

Few things in life are certain, but when disaster strikes, the number of fraud incidents will probably skyrocket. In the wake of a hurricane, tornado, flood, fire, earthquake or other unexpected catastrophe, fraudulent operators are always quick to surface. Often, however, they carry warning signs to alert savvy business owners.

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Christine Hradsky No Comments

Achieve Sustainable Cost Cutting At Your Organization

Taking costs out of a business can be deceptively easy to do — at least initially. Cutting low-hanging fruit such as providing coffee in break rooms, consulting services, laying off temporary employees or removing a layer of management can result in considerable savings. However, these savings are often not sustainable. Slowly but surely, decisions will be made by front line employees and managers alike that add costs back into the business. Within short order, many companies find themselves back in the exact same place they were before the costs were cut; only now employee morale has suffered and there is a general resistance or apathy to cost cutting throughout the organization.

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