In-House Vs Outsourcing Accounts Receivable Management
In the construction industry, all workers along the supply chain are always on the go. Due to this, many companies lack back offices or the developed technology that can be used for payment and financing transactions. When this equipment is lacking, some…
How to Build Your Construction Business’ Online Presence
While many businesses may offer goods or services tailored to in-person use and activities, maintaining an online presence can also help boost a business’s success. Every year, the amount of internet users grows significantly, with a large number of these people using…
The Benefits of Offering Net Terms to Your Trade Customers
When we talk about net terms, we refer to payment plans that allow customers to finance a good or service over a set period of time. In the construction industry, specifically, net terms are often offered by businesses in order to provide…
Tax Tools for Construction Industry Pros
Tax season is among the most dreaded times of the year for many workers across the country. For construction workers, tax season is a little more difficult. A large majority of construction workers are classified as independent contractors, meaning they don’t have…
Building an Eco-Friendly Construction Industry
Every year, we celebrate the Earth during the month of April. We recognize the effects that we as individuals have on the health of our planet and, equally as important, the effect that our industries of labor have on the environment. BlueTape…
The 3 Basic Financial Statements Explained: Made Easy
When evaluating the health and wellness of your business, it is important to remember the various elements that can best help you do this. Ask yourself questions such as “how much is my business spending? What is our total revenue? What does…
Celebrating Women in the Construction Industry
Every year, we celebrate Women in Construction week from March 7th to March 13th. At BlueTape, we boast a diverse team of both women and men, and celebrating the accolades and achievements of women is of large importance to us. In this…
How to Provide a Better Customer Experience
Trying to keep up customer retention after a bad experience? Well, it may be too late already. After just one mistake, studies find, customers are ready to abandon your business and find another company that provides the same service. The experience of…
How to Improve Your Account Receivable Turnover
One of the largest and most pressing issues small businesses face is managing account receivables. Collecting these payments or even making your own on-time payments is often a difficult task. When payments are being completed or collected on time, this can affect…
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Perhaps you have heard of a Mechanic’s lien when working on a construction project. Depending on the field and type of work, you may know the term as a “construction lien” or “property lien,” as well. But, what are these documents and…