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For nearly 50 years my dad has run his contracting business on a single premise: forget long-and-short-term benchmarks. Priority number one is to complete every job as efficiently and cost-effective as possible. He resisted using accounting benchmark and project management software. But was my dad doing the right thing? Was it possible for him to keep track of both office and field work? One expert says, benchmarking (both short-term and long-term) is critical to making good business decisions that keep your company financially healthy. When you see numbers trending in the wrong direction, take action immediately.
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