Why ‘Profit’ Doesn’t Equal ‘Cash’: A Guide for Service-Based Business Owners

If you’re like most owners of a construction or professional services business, you keep an eye on your P&L every month. You see healthy revenue. The bottom line shows profit, but sometimes you still feel the pinch. Maybe it is during a payroll week, or near month end when more vendor/subcontractor bills are due and you see yourself dipping into that credit line a little more often that you would like.