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Cash Flow - Collecting Accounts Receivable
Bob Ring from Meyer & Depew Co. made some great points in a couple articles called:
Collect Accounts Receivable Fast Part 1
Collect Accounts Receivable Fast Part 2
Based on statistics about how many contractors fail each year about 14 contractors will fail in the next hour - many of these failures are due to cash flow issues. Do not underestimate the importance of cash flow for contractors.
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Favorite Book 2007
The Toyota Way is my favorite book for 2007. It had so many good ideas that I could not keep up and ended up reading it again and even buying the Field Book to go along with it.
Download Elegant Solutions from Change This which provides some highlights of the Toyota Production System. Too many ideas that are applicable to contractors to even count!
Recent Posts
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- Broken Buildings, Busted Budgets
- Cut the Fat
- Great Insights
- Sprint Wireless Cards / Dell Laptop / Field Connectivity
- Estimating Cost Data
- Cutting The Fat - Slow Down Survival Tips
- Good Marketing - Good Company
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- Work in Progress Class - Coming Soon!
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Management Class Series
Training Modules Specifically Designed For Contractors
- Construction Documentation Overview
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- Change Orders Talent - “People Processes”
- Profit Dynamics For Construction Contracts
- Cash Flow & The Project Team
- Priorities (Time Management For Construction)
- Construction Financial Basics
- Integrated Accounting & Operations
- Project Management Overview
- Process Documentation
- Effective Superintendent Processes
- Implementing A Project Management System
- Organizational Planning For Contractors
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