Are financial blind spots holding back your construction company? 📊

A construction company has $360,000 in the bank.

Projects are happening, everything looks fine - until suddenly, they discover they're actually $720,000 in debt to the marketplace. 

The bull market and steady flow of new projects had been masking their true financial position. 

When the market shifted, it all fell apart.

This isn't just a hypothetical - it's a real situation we witnessed.

And it's not a reflection of poor craftsmanship and inadequate skills. It's about how the sheer nature of construction finances can trip up even the most skilled operators.

The truth is, most construction companies are run by excellent builders who simply never had the opportunity to master the financial side of running a business.

Even many accountants struggle with the nuances of construction company accounting. 

The problems often start small. 

Many companies operate in what we call "financial freewheeling" mode - doing quality work but without real systems or financial controls.

They build successful projects throughout the year, only to discover their true financial position when tax season rolls around.

Even when companies implement basic financial tracking, crucial costs still slip through the cracks.

Think about all the overhead expenses that keep your operation running - trucks, staff meetings, consumables. These indirect costs add up quickly, but they're notoriously difficult to track and properly allocate to specific projects.

The good news is that managing construction company finances isn't about reinventing the wheel.

The most profitable construction companies in North America all follow similar, proven principles.

While every construction business is unique in its operations, the path to strong financial control is well-established.

At Highspire, we guide construction companies along this proven path.

Our approach isn't about imposing rigid, costly and time consuming systems - it's about understanding and tracking the metrics that matter the most. 

Let our team help you build a financially resilient business that thrives in any market.

Forward always, 

Highspire