Let’s talk for a minute about the life blood of a small contracting firm. It’s the people I employ, you might say. It’s the equipment and how we maintain it, others may say. For some, it’s the jobs in the pipeline and how quickly they get done and turned into revenue.
All of those things are true. And all of them are most true and real when reflected on a business’ cash flow statement. Accounting? Numbers? Many readers turn the page when I talk about the nitty-gritty of running a business. But cash flow is critical.