Do you have a financial health plan? If not, it’s time to establish one

Description

Abstract: Having a financial health plan is critical for any construction business, but it’s especially helpful during a lackluster economy. By taking the company’s “pulse” on a regular basis, a contractor can ward off a number of financial maladies before the bottom line develops a serious ailment. This article describes some of the most important financial indicators, along with some of the ratios and other key measures used to assess them.