Correctly interpreting your Labor Efficiency Ratio can pay big
In the last article, we introduced a key metric called the Labor Efficiency Ratio (LER). Basically, the LER measured how much a unit of revenue costs to produce. We’d encourage you to go back and read the previous article if you haven’t already. The higher the LER,...
Breaking Down Buildertrend: Our Customers’ Preferred Construction App
Keeping financial data organized for a construction company is no easy task. In fact, our SBS customers say it’s one of the toughest parts of running their business. When it comes to managing and mastering processes and recordkeeping, many of our construction clients’...
How to Increase Your Business Credit Score
We all know how personal credit scores can help us lower an APR or make a major purchase. But what some of you may not know is how “business” credit scores can impact your business. It’s often a given that you’ll set up a business line of credit – whether to grow your...
3 Things to Consider Before Franchising Your Car Wash
Have you ever wanted to go from “car wash owner” to “ruler of a car wash empire?” If this piques your interest and you’re looking to grow your business (we all are!), franchising might be road for you. As a franchisor, you get to decide how your business looks, feels...