5 Reasons a Financial Dashboard is Important to your Small Business

Whatever industry you work in, understanding the financial aspect of your small business can be quite overwhelming. You may get regular reports on what the company is doing; however, it may not be something you can easily understand. This is precisely where financial dashboards come in and why they are so critical to the success of your company.

It is vital as a part of any business that you thoroughly understand what your financial numbers mean. You also need to be able to leverage that knowledge to improve your success further. Discover why financial dashboards are so essential and how to get yours started.

Understanding the Keys to an Accurate Bidding Process

When it comes to construction and trade businesses (plumbers, HVAC Contractors, Electrical Contractors, etc.), accurately estimating and bidding potential jobs is the most crucial and fundamental aspect of a successful project. Remember, there is a difference between general estimates and firm bids. An estimate is an approximation to give clients an idea of what to expect. A quote, or bid, is a fixed dollar value based on a specific time frame.

There are several components of the bidding process that need to be understood and properly executed to complete a job that is both fair and lucrative. Here are some key points to keep in mind.