Augment

As a contractor, managing cash flow is a critical aspect of staying financially afloat. However, navigating the ups and downs of the construction industry can lead to a cash flow…

view more »

Cash flow issues are a common challenge for businesses, but they can be particularly problematic in the construction industry. With large projects, long payment cycles, and high upfront costs, construction…

view more »

In today's digital age, the importance of leveraging technology in business cannot be overstated. Technology has become an integral part of our lives, and it has transformed the way we…

view more »

Operating within the construction industry is not a venture for the faint of heart. The sector brims with challenges, with every project presenting a unique set of obstacles that call…

view more »

When you're dreaming about scaling your business, the chances are that financial functions such as forecasting, reporting and submitting tax returns aren't at the forefront of your fantasies. However, as your…

view more »

In the highly competitive construction industry, accurate costings play a pivotal role in the success of any project. This is why budgeting is not to be taken lightly. The hidden…

view more »

In the fast-paced and ever-evolving world of construction, resource allocation is a crucial decision that can make or break a project. The age-old dilemma of whether to invest in equipment…

view more »

Inflation, an economic phenomenon that affects the purchasing power of money, can have a profound impact on construction budgets. As prices of materials and labour increase, unsuspecting project managers may…

view more »

In the fast-paced world of the construction industry, where deadlines loom and projects demand meticulous attention to detail, it is easy to overlook the importance of empathy and compassion. However,…

view more »

Remember the good old days when we spent hours playing Snake II on our Nokia 3310? It was the epitome of simplicity and durability. From its impressive battery life to…

view more »

The Isle of Man Construction Industry plays a crucial role in the nation's economic development and societal progress. The latest data from IOM Government suggests the industry contributes 5% of…

view more »

The construction industry is one of the most dynamic and essential sectors in the world. It is responsible for the creation of infrastructure, homes, commercial buildings, and public works that…

view more »

A business loan can propel your company to new heights but the process of securing one can seem daunting. By preparing and taking the proper steps, you can increase your…

view more »

In today's fast-paced business landscape, staying ahead of the competition is no longer an option—it's a necessity. That's where revolutionising your business approach comes in. We have written a comprehensive…

view more »

Accurate construction cost estimates are the backbone of any successful construction project. As a project manager or contractor, you are often tasked with the responsibility of creating a comprehensive and…

view more »

Scaling your business is incredibly exciting, but there's a lot to think about. It's important to have solid rules and guidelines in place, and a clear plan to follow. If…

view more »

Construction companies are no strangers to financial risks. The industry is rife with challenges that can make it tough to stay afloat, especially with the current global pandemic causing even…

view more »

When you're dreaming about your exciting new business venture, the chances are that financial functions such as forecasting, reporting and submitting tax returns aren't at the forefront of your fantasies. However,…

view more »

Running a business can be challenging, especially when you're trying to do everything yourself. This is why it's important to systemise your business functions. By doing this, you'll make it…

view more »

Introduction to automation in business In today's fast-paced, competitive business world, it's essential for companies to continuously adapt and evolve to stay ahead of the curve. One of the critical drivers…

view more »

In the ever-evolving landscape of construction and trade industries, businesses need to stay ahead of the curve. Innovative systems that incorporate automated processes, OCR (optical character recognition), paperless invoicing, and…

view more »

As a construction business owner, you know that the industry can be fast-paced and demanding. With so many tasks to juggle and deadlines to meet, it can be easy to…

view more »

Setting goals is the first step towards achieving success. It's important to make sure that your goals are challenging enough to motivate you, but realistic enough to actually achieve. If…

view more »

Cost management is key to the success of your projects. Not only does keeping within budget maximise your profit, but it also increases your ability to carry out future projects and…

view more »

The covid-19 pandemic has caused economic uncertainty on an unprecedented scale. Restrictions, lockdowns and rapidly changing circumstances have thrown many businesses into turmoil over the past two years. It can…

view more »

Data is the key to understanding your customers. If you want to improve conversion rates, increase traffic or generate more revenue for your business, then data should be a big…

view more »

When it comes to running a business, it's important to focus on the customers that are the most profitable. Not all customers are created equal, and some customers may even…

view more »

If your business is a car, then cash is the gas in the tank. Without it, you'll break down. Furthermore, if you have to stop every few miles to…

view more »

At some point, most business owners will eventually want to scale up. Scaling your business means growing it to a point where it can support more customers or clients, more employees,…

view more »

Great customer service is key to making your customers happy. In fact, it's very difficult to grow a successful business without it. In order to build a profitable business with…

view more »

Increasing sales volume is a significant profit driver for businesses, but it's not the only way to earn more profit. Furthermore, increasing sales isn't always a manageable strategy for business…

view more »

Good project planning is crucial for successful execution and closure, but it can seem like a daunting task. The good news is that project planning is not rocket science; it's…

view more »

Rapid business growth is incredibly exciting but there are some pitfalls, too. In fact, when poorly managed, rapid growth can actually damage your business. That's no reason to shy away…

view more »

The need to reduce energy use in your business is more important now than ever. With the costs of fuel and electricity constantly on the rise, saving money and resources…

view more »

Business success is not a one-size-fits-all proposition. There is no surefire formula that guarantees success for every business, in every industry, in every market. However, there are some key steps…

view more »

Are you struggling to keep your head above water because of cash flow problems? If so, don't worry - you're not alone. Cash flow is the number one issue that…

view more »

Creating a business budget is one thing; sticking to it is quite another. No matter how carefully you have laid out your budget, implementing and managing it well can prove…

view more »

Are you a business owner? If so, then you know how important it is to keep your finances in order. After all, your business's success depends on it. But what you…

view more »

Great money management is what separates the average business owner from the one who is financially successful. There are a number of money management practices that all business owners should implement…

view more »

Growing any business is a balancing act. On the one hand, you want to see your business expand and reach new heights. On the other hand, you don't want to…

view more »

You wouldn't try to fix your own plumbing or electrical work - so why would you try to go it alone when it comes to your business finances? Just as…

view more »

Streamlining your business means making it more efficient and easier to run on a day-to-day basis. It can help you save time, money and other resources while also improving your…

view more »

Are you ready to take your business to the next level? There is no denying that the scale-up phase is incredibly exciting but it's important to make sure you are…

view more »

With the world becoming ever more complex and unpredictable, businesses are looking for ways to remain resilient. With changing customer expectations and an uncertain future, businesses need to plan ahead…

view more »

So, your business is in debt. That's ok - it's an inevitable part of running a business. But once you're in debt, you need to get clear on exactly how you're going…

view more »

A strong foundation is the key to success, regardless of what you're building. Creating the right foundation for your business will save you time, money and a whole lot of…

view more »

Finding the right business consultant or advisor for your company is a fantastic way to add value to your business and move you closer towards your goals. The right consultant/advisor…

view more »

There's not a business owner out there who wouldn't like to increase their profits, and reducing costs is one way to do it. But how do you go about saving…

view more »

High inflation, increasing interest rates and a slump in investor confidence indicate challenges ahead for many businesses. But you already know this. More important is, what can business owners/leaders do…

view more »

Digital marketing is an essential part of any modern business strategy. However, before you go in all guns blazing it's important to take the time to carefully craft a digital…

view more »

Keeping your business financially sound is one of the most difficult - and important - aspects of running a successful company. When something is amiss with your financial management, it…

view more »

If you're looking to increase your business' profits, you need to focus on generating more customer value. Customer value is what drives revenue and growth for businesses, so it's essential…

view more »

As a small business owner, you will eventually want to scale up. Scaling your business means growing it to a point where it can support more customers or clients, more employees,…

view more »

A lot of small business owners don't think they need a financial consultant/advisor. They think that since they are just starting out, or their company is still relatively small, they…

view more »

If you're like most business owners, you dread the annual budgeting process. It can certainly be time-consuming and frustrating, but it doesn't have to be that way. We've got five…

view more »

The words "negative cash flow" certainly don't sound like much of a cause for celebration and truthfully, they often aren't. However, negative cash flow isn't always a cause for concern,…

view more »

The cloud is becoming an increasingly important part of business operations. By moving your data and applications online, you can take advantage of the many benefits that the cloud has…

view more »

As a small business owner, you have the power to decide what your priorities are. However, regardless of your goals for the company, there are certain KPIs that should be…

view more »

Many business owners feel stuck in a rut and don't know what to do next. Maybe you're not sure of the best direction for your company, or maybe you've been…

view more »

Running a business can be tough. There are so many things to think about, and it can be easy to get into bad habits or resort to short-sighted measures in…

view more »

Did you know your accountant can do a lot more than just file tax returns and prepare accounts? In fact, accountants can help you with a variety of tasks, including…

view more »