This year you may need to put a renewed focus on one of the most important ingredients in your roofing business: the cash you need to operate. Roofing contractors seeking to provide their clientele with excellent products and services while maintaining growth and profitability may find themselves lacking in this precious commodity.
This editor is no expert in the field but will boldly make a couple of suggestions and observations just the same.
Sufficient cash flow in any business relies on selling at a profit. In an era of rapidly increasing material and labor costs, it is more important than ever to maintain vigilance over your pricing schemes. Staying ahead of the curve will require you to be aggressive in terms of pricing and collections. Some contractors may benefit from outsourcing collection activities.