William J. Lynott is a veteran freelance writer who specializes in business management as well as personal and business finance. His work appears regularly in trade publications and newspapers as well as consumer magazines. He can reached at lynott@verizon.net or through his website, www.blynott.com.
We all know how devastating a computer virus can be, but not every service contractor is aware of the destructive viruses that can infect a business. Unlike computer viruses, these profit killers aren’t transmitted through cyberspace; they grow and fester within the infected business strictly from internal causes.
It’s a dreadful responsibility, but almost every contractor will eventually come face to face with the disagreeable task of terminating one or more employees. As difficult as the task may be, fiscal reality sometimes makes employee layoffs unavoidable.
Cash flow - how much money is flowing into and out of your business - is an easy concept to understand. Still, not every contractor is aware of the impact that cash management has on the bottom line. That’s because the importance of managing revenue is far easier to recognize in some types of businesses than it is in others.
On the surface, it appears to be a routine chore. You have a
job to fill, so you must interview the applicants and select the most
promising. In truth, interviewing job candidates today is far from routine.
Yellow Page (YP) advertising forms the heart of many HVAC contractors’ marketing efforts. That makes it especially important that YP ads carry their own weight. For some, that’s becoming an increasingly troublesome question.
Every year, paper checks by the billions must be sorted, processed, and shipped. That's one of the reasons why your bank would like you to pay your bills electronically - and they're making it easy and profitable for you to do so.