Don’t throw in the towel – How to get your groove back after the recession

Description

Abstract: After several years of this tough economy, many contractors may be ready to throw in the towel. But they can get back in the groove by harnessing cash flow and actively managing their company’s finances. Every contractor should have three- to six-month cash flow projections, and not let client debts mount. This is also a good time to look at capitalization, accounting practices and other financial management issues. Nor should marketing efforts be overlooked.