Finance & Succession Planning

Negative Accounts Receivable or Negative Loan Payments?

Learn the proper accounting for journaling negative accounts receivable on your balance sheets.

Published: 09.01.23 By Ruth King

Don’t Recognize Sales as Revenue

Published: 08.01.23 By Ruth King

A Collection of Financial Resources

Published: 07.01.23 By HVACR Business Staff

Give Employees KPIs to Make Annual Reviews Easier

Published: 07.01.23 By Ruth King

The Compensation Equation™ Part 3/3

The third in the series is on how The Compensation Equation™ affects recruitment, retention, and company culture

Published: 06.01.23 By Chris Crew

Share the Wealth

Long-term HVACR Business financial columnist advises how to determine bonuses and profit sharing for employees. Implementing a bonus structure and profit-sharing plan can help employees understand the costs and profits …

Published: 06.01.23 By Ruth King

What’s the Point of Asset Protection?

This installment delves into asset protection and why it’s vital for any business owner.

Published: 05.01.23 By Keven Prather

Are You Calculating Overhead Correctly?

King shares her formula on how to calculate overhead correctly.

Published: 05.01.23 By Ruth King

The Compensation Equation™ Part 2/3

In Part 2 of this series the focus is margins, profitability, and total labor. Crew explains how to use the The Compensation Equation™ to determine true profitability.

Published: 05.01.23 By Chris Crew

Establish Long-Term Success by Eliminating Financial Barriers

Overcome the financial barriers that can plague any growing business and find success.

Published: 05.01.23 By Michael Disney

The Compensation Equation™ Part 1/3

In this first of a three-part series, Crew explains the formula to compensation and why it matters.

Published: 04.01.23 By Chris Crew

Are You Afraid to Fire a Customer?

All contractors want to keep customers, but King explains that sometimes, it costs you less to let some customers go.

Published: 04.01.23 By Ruth King

Don’t Run Out of Money Because You Grew Too Fast

In another article straight from her latest book – King warns of growing too fast without planning fiscally.

Published: 03.01.23 By Ruth King

Preparing for the Shoulder Season 2023

Tips that even veteran HVAC owners can benefit from when preparing for the shoulder season

Published: 02.01.23 By Heather Langone

Do You Have the Mercedes - Benz Syndrome?

Are you investing in your business growth or your lifestyle?

Published: 02.01.23 By Ruth King

Do You Abdicate Financial Responsibility for Your Company?

The financial author explains the rami fications of abdicating financial responsibility for your company

Published: 01.01.23 By Ruth King

Balance Sheet Graphs: Understanding the Liquidity Graphs

Ruth King explains everything you should know about balance sheet graph

Published: 12.01.22 By Ruth King

Cohesive Wealth Management

Prather tells you why you need a cohesive wealth management plan

Published: 12.01.22 By Keven Prather

Are You Making these Balance Sheet Mistakes?

A feature on the importance of keeping accurate balance sheets and how crucial a part they play in a successful business.

Published: 11.01.22 By Ruth King

A Better Way to Look at Gross Margins

What is the gross margin and why is it important to graph changes monthly?

Published: 10.07.22 By Ruth King

Preparing Heirs for Their Inheritance

The time to prepare your heirs for inheritance is today

Published: 10.07.22 By Keven Prather

A Better Way to Look at Profit and Loss Statements

Tease: Utilize both monthly trailing data and P&L data when analyzing the profitability of your business

Published: 09.01.22 By Ruth King

We, the Family: The Benefits of a Family Constitution

Tease: Ultra-wealthy families with long-term legacy objectives should establish a family constitution

Published: 09.01.22 By Keven Prather

The Importance of Family Governance

Learn about family governance to assure your wealth legacy lives for future generations.

Published: 08.22.22 By Keven Prather

Stupid Mistakes Contractors Make In The Fall - Part 3

Ruth King concludes the Stupid Mistakes Series with this final installment, Don’t Make These Mistakes This Fall

Published: 08.18.22 By Ruth King

Stupid Things Contractors Do in the Summer – Part 2

Let’s make sure neither you nor your team members, both in the office or on the road, make these mistakes. And I am quite sure, once they are revealed, you …

Published: 06.27.22 By Ruth King

Stupid Truck Mistakes Contractors Make

The second installment in the series, this is the stupid truck mistakes contractors make and how to avoid making them

Published: 06.01.22 By Ruth King

Weekly Cash Report PDF Download

Protect your profitability and cash – don’t do stupid things.

Published: 05.05.22 By Ruth King

Stupid Things HVACR Contractors Do in the Summer

Protect your profitability and cash – don’t do stupid things.

Published: 05.04.22 By Ruth King

Calculating HVAC Maintenance Price Plans for Two or More Systems

When pricing maintenance plans for additional home heating and cooling systems, you should know as a business owner, it is not merely about cutting your maintenance price for the first …

Published: 04.01.22 By Ruth King

Pricing Maintenance Agreements – Know Your Profit Bottomline

The goal on performing maintenance should be to net a profit, but at the very least you should never lose money. Contractors often have the misconception that you can lose …

Published: 03.01.22 By Ruth King

Pricing Using Net Profit Per Hour Gives You Ultimate Flexibility

Published: 01.29.22 By Ruth King

Two Things You Absolutely Must Have in 2022

Published: 01.04.22 By Ruth King

One of the Greatest Arguments Among Managers

Unless you have a year-end that is not Dec. 31st, it is time to budget for 2022.

Published: 12.09.21 By Ruth King

What Has to Happen for You to Pay Attention?

Accounting theft, the tale of two contractors who had employees embezzle thousands of dollars.

Published: 11.08.21 By Ruth King

Identifying The Gap

Many business owners think they have an accurate idea about the value of their business. Owners may be surprised to find that “the gap” between the current value of their …

Published: 11.01.21 By Keven Prather