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Making Smarter Capital Investment Decisions

  Whether you’re buying equipment, automating processes, launching a new product line or expanding your facilities, capital investment decisions shouldn’t be based on intuition alone. Your management team may identify several promising growth opportunities. Which...

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6 Ways Contractors can Better Manage Accounts Receivable

  Aging accounts receivable can hurt any construction business’s financial performance. And as you’ve probably experienced, it’s a common issue. Payments are often delayed by last-minute change orders, hefty retainage, project disputes and slow approvals. Here...

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Outsourcing HR: A Smart Move for Many Nonprofits

  Today’s nonprofit HR teams often oversee a myriad of functions. These include recruiting, hiring, onboarding, training, payroll coordination, benefits administration, performance management and employee relations. HR staffers may also help address workforce...

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Accounting Teams Need More Than Number Skills

  In addition to mastering accounting and tax rules, today’s accounting professionals must work through financial decisions with customers, vendors, lenders, business partners and internal stakeholders. Topics may range from payment terms and budgets to...

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Is Your Nonprofit’s Spending Policy Still Working?

  A thoughtful spending policy helps nonprofits balance today’s funding needs with tomorrow’s financial stability. Now is an ideal time to evaluate whether your current approach supports your mission. Here’s a look at common spending policies and what to consider...

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What’s in a Name? DBA Filings for Construction Businesses

  The name of your construction business plays a critical role. It helps project owners find, recognize and ultimately trust you. But as your business grows, you may encounter situations where a different name better suits your strategic objective. Whether you’re...

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Where to Look When You Need to Improve Profit Margins

  Increasing revenue isn’t the only way to strengthen your business’s financial performance. Another option is to take a closer look at operating expenses and determine whether every dollar you spend delivers value. A systematic review of major expense categories...

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Approaching Nonprofit Mergers with Intentionality

  A merger of nonprofit organizations can provide many benefits — but only when organizations enter the process with clear goals and conduct careful due diligence. Here’s what to consider. Why Pursue a Merger Your organization might consider a merger to...

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