Your source for construction industry news in the Carolinas
Cash flow breaks down in AEC firms when billing is delayed, collections are weak, and discipline slips across the business. I’ve spent a good chunk of my life watching AEC firms work themselves into a cash crunch while having what looks like a perfectly healthy income statement. Profit is nice. Cash is required. You can…
Every business owner knows that cash is king. For a business to be successful, it must have good cash flow. However, for a business to be valuable, it must also be predictably profitable. And as we’ll see, these are not always the same thing. As an example, I recently worked with a business owner, who…
