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Category: Contractor Chronicles

Strategic Planning for Construction Firms

Construction and Engineering firms looking to grow and thrive in uncertain times need to prepare for multiple economic scenarios, learn how to leverage technology and innovation, promote (and improve) their unique culture and attract the right talent. To ensure a firm is heading in the right direction, firm owners need to design and implement a […]

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4 Simple Steps for Improving Your Cash Flow

Businesses looking to guarantee profitability need to make positive cash flow one of their top goals. This advice is especially important for contractors. While profit is one of the most important measures of your financial well-being, short-term gains may not answer immediate needs. Cash-flow concerns for individual projects can spur the need for financing thus […]

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Prepare for Future Opportunities with a Strategically Focused Board

When recruiting board members in the 21st century, diversity and inclusiveness must be at the top of the list. A board that is primarily dominated by one gender, ethnicity or age runs the risk of missing out on new ideas from different perspectives. Today, stakeholders want inclusive boards where there is a wide range of […]

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7 Attributes that Affect Saleability and Value of Contracting Firms

From contemplating the sale of your business to establishing a value for gift and estate taxes, understanding the value of your business is important. This article will review 7 factors that affect the saleability and value of a contracting firm. Management Quality, Depth and Duration Performance is directly tied to the quality, depth and duration […]

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Navigating the New Qualified Business Income Deduction and How it Will Affect Architectural and Engineering Firms

The tax reform legislation that Congress signed into law on December 22, 2017 was the largest change to the tax system in over 3 decades. The new tax code contains many provisions that will affect individual, estate, and corporate taxpayers. One of those changes includes the Qualified Business Income Deduction, a new tax benefit allowing […]

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