Improving cash flow in the building & construction industry: How to get paid faster

Maintaining positive cash flow can be challenging for the business & construction industry, whether you’re just starting out or have been running your company for years. The difficulty often comes down to waiting for clients to pay their invoices. One or two chronic late payers cost valuable time and money when you have to chase them down; if reliable clients also fall behind one month, the result can be devastating.…  Read more

How to create good habits in a building and construction business

If you are like most building and construction business owners, there are never enough hours in the day to complete every task on your list. Often you are faced with prioritising what you need to do right now – deal with a client, meet a deadline, visit a site – versus the things you know you should do for the ongoing growth of your business. Scheduling time to attend to…  Read more

9 reasons why the construction industry should switch to cloud computing

Don’t be left up in the air by traditional IT solutions. Check out the top 9 advantages for the construction industry switching to cloud computing. Cloud computing is fast becoming the norm because storing information and using software hosted on the Internet has many advantages.   1. Save money Traditionally, building and construction firms spend money licensing software or buying packages to install or download onto individual computers. Cloud computing,…  Read more

Three tips for managing construction industry cashflow

Owning a small business in the building and construction industry can be incredibly stressful. In addition to the long days and difficult working conditions, you have to worry about cash flow issues. It can take a long time to collect on payment from your clients or contractors who hired your business, and in the meantime you have to pay employees, cover fixed expenses, buy supplies and pay your own subcontractors.…  Read more

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