How your construction business can manage price rises
Stay in touch with trends
It pays to have an eye on what’s happening in your markets. It’s too easy to lose sight of what’s happening because you’re bogged down in the day-to-day tasks of running your construction business.
By paying attention to what’s going on in the wider industry you may be able to spot trends earlier, giving you time to prepare for changes.
Planning your cashflow is always a vital business activity, particularly at times like this. Sudden price rises in construction materials could put your cashflow under significant pressure.
If you maintain a detailed cashflow plan, you’ll be able to spot potential shortfalls in working capital, and then take action to deal with them.
When cashflow is particularly tight, such as at times of fast-rising prices, you want fast, flexible access to cash. Invoice finance does that, enabling you to get paid within 24 hours of raising an invoice on your customer.
We help construction businesses keep their cash flowing
If your construction business needs an injection of cash, either to help it keep going or to fund fresh growth, we can help.
Our clients benefit from invoice finance and other financial solutions that help them stay on top of their cashflow, even in times of rapid price inflation.
We work with a panel of over 250 lenders, meaning we can source financial solutions for a wide range of situations.
To explore your opportunities for raising money for your construction business to improve your cashflow, get in touch with us today.
As a founder of multiple businesses, Jamie believes that mindset, discipline and ambition are key drivers for success, both for his businesses and for his clients.
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Disclaimer: JD Capital Finance (Registered office -First Floor, Steeple House, Church Lane, Chelmsford, England, CM1 1NH, Registered Number 10128297) helps UK firms access business finance, working directly with businesses and their trusted advisors. We are a credit broker and do not provide loans ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. JD Capital Finance can introduce applicants to a number of providers based on the applicants’ circumstances and creditworthiness. JD Capital Finance may receive a commission or finder’s fee for effecting such introductions.