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Probably a business owner’s largest asset is trapped in his or her illiquid business. Monetizing that wealth likely will be the largest financial event of the business owner’s life. This transaction will include three parties: the seller, the buyer and Uncle Sam. So, come to understand this: “It is not how much you make, but how much you keep.” 

We have enough problems with our image in the roofing industry. Now Georgia-based roofing contractor American Shingle’s Chapter 7 Bankruptcy filing is leaving a trail of homeowners, subcontractors, and various other suppliers in the lurch over tens of millions of dollars worth of insurance work that was never completed. 

Many of you reading this went into business for yourself because some heavy-handed boss was always telling you what to do and how to do it. 

The downturn in the economy has created opportunities for roofing contractors with building owners that are intent on saving costs by maintaining - rather than replacing - their roof systems. 

If you feel angry or depressed about the latest economic news, do not despair. You are not alone. But, be careful what you believe because your mindset might sabotage the results you seek. 

Owners routinely insert disclaimers and limitations of liability clauses in contracts that may limit or bar a contractor or subcontractor’s ability to collect additional compensation for work performed because of unexpected conditions and delay. This article will focus on one type of disclaimer - the “no damages for delay” clause.

A top 10 list can be a humorous way to point out a sensitive topic. Combining fun and training; here is my list of symptoms that indicate a recession may be hurting your business.

This column is commentary and contains some opinions rather than complete details of the topic being covered. The topic is OSHA’s amended Part 1926 Subpart CC - Cranes and Derricks in Construction. 

Many of you reading this went into business for yourself because some heavy-handed boss was always telling you what to do and how to do it. You got sick and tired of “my way or the highway” orders when you knew just as much or more about doing your job as your old supervisor did.

Do you use Facebook? If you are over 40, the answer is maybe. If you are under 40, the answer is almost certainly yes. Did you know that Facebook was developed by a Harvard college student who wanted to create a website where people could rate how hot other Harvard students were? Half a billion dollars in venture capital later, it is the cornerstone of what has become known as social networking.