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Economic Cycles – a Perfect Reason to Know Your Numbers

My husband and I owned a construction business for 15 years.  In that time, we weathered 2 drastic economic cycles and a few little ones. During the mortgage crisis in 2008-2010, we went from ringing phones all day – every day to literally overnight, they stopped. We had multiple large contracts cancel. In the aftermath, we went from 32 employees …

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Bookkeeping Helps You Learn About Your Business

My husband and I owned a business in the construction industry. We learned very quickly the importance of separating and tracking our multiple revenue streams.  That data was invaluable during the cycles of the economy. For example, we learned that when larger projects were difficult to bid and win, it was our smaller jobs and annual inspections, which kept the …

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Change Your Relationship With Your Bookkeeping and Change Your Business

What is your opinion of bookkeeping? If I had to make a guess based on the number of conversations I’ve had with business owners, I’d say your opinion sounds something like; its a nuisance, it’s a necessary evil for taxes or it consumes too much time you could be selling or providing service to your clients etc etc.  If you …