Invest In Yourself! Strategies for Managing Your Construction Company's Cashflow More Successfully скачать в хорошем качестве

Invest In Yourself! Strategies for Managing Your Construction Company's Cashflow More Successfully

Starting out, you are likely going to require bank financing to start your construction business. Whatever money are you spending on a loan payment, pay it off and then continue to make those payments into your own escrow account. That will give you a fund from which to draw money. Treat it like a bank account and pay yourself interest. Be your own bank! You are likely looking at around 10% overhead and 15% profit in your business. You need to target $5 million minimum revenue, which would generate $750,000 per year income to invest into your company. Your goal the next year should be to grow to $7 million, then $9 million, all the while investing more into your business and setting more into your personal escrow account. Continue to pay yourself into your own escrow account that you can then borrow against (and pay yourself interest). The bonuses will come once you get your company where it needs to be. Be disciplined enough to live off of a minimum salary for a few years while your company grows. Presented by ProfitDig - easy job bidding and costing for construction contractors. https://www.ProfitDig.com