November 2024

November is Planning and Financial Optimization Season! - SquareDash November 2024 Newsletter

Are you feeling the end-of-year pressures? If so, you’re not alone. As roofing and restoration business entrepreneurs we tend to put a lot of pressure on ourselves to meet the next milestone. We get it and we’re here to help with some actionable tips. 

As we wrap up another year, it's time to shift our focus to the strategic planning and financial optimization that November brings. This month is about setting the stage for a successful 2025, and I'm excited to share some key steps to help you get there!

- Matt Frugé, Founder and CEO

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November: Planning and Financial Optimization Season for 2025

November is about setting the stage for a successful 2025, so let's dive into the key areas you'll want to focus on to help keep your roofing or restoration company on a positive trajectory.

1. Complete the First Draft of Next Season Planning

First up, let's talk about planning for the next season. What worked well this year? What didn’t? What areas could use some support? Use these insights to draft a comprehensive plan for 2025. This should include:

• Project timelines: Outline major projects and set realistic deadlines.

• Resource allocation: Determine what resources you'll need and when.

• Goals and KPIs: Set clear, measurable goals to track your progress throughout the year.

2. Evaluate Your Tax Position

Next, it’s time to get cozy with your tax documents. Evaluating your tax position now can save you a lot of headaches in April. Here’s what to focus on:

• Review deductions: Make sure you’re taking advantage of all available deductions.
• Plan for payments: Estimate your tax liability and plan for upcoming payments.
• Consult a professional: If you’re unsure about anything, now’s the time to consult with a tax advisor to ensure you’re on the right track.

3. Finalize Year-End Capital Expenditure Budget

Capital expenditures (CapEx) are crucial for growth, but they require careful planning. November is the perfect time to finalize your year-end CapEx budget. Consider the following:

• Identify needs: What equipment or technology upgrades will you need for 2025?
• Prioritize investments: Rank these needs based on urgency and potential ROI.
• Budget accordingly: Allocate funds to cover these expenditures without straining your cash flow.

4. Organize Policy and Procedure Change Recommendations for Next Storm Season

Finally, let’s talk about policies and procedures. The lessons learned from this year’s storm season can help you prepare for the next. Here’s what to do:

• Gather feedback: Collect input from your team about what worked and what didn’t.
• Draft recommendations: Based on this feedback, draft recommendations for policy and procedure changes.
• Implement changes: Plan to implement these changes before the next storm season hits.

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November is the roofing and restoration entrepreneur’s golden opportunity to set the stage for a successful 2025. So, let’s roll up our sleeves and get to work—2025 is just around the corner, and it’s going to be our best year yet!

Wondering Why Your AR Balance is the Biggest Number on Your Financial Statement? 

We’ve got you. Our team has decades of experience in the roofing industry—and we’re here to help you stop being a bank for insurance companies. Schedule a consultation with us today, and we’ll help you turn those receivable balances into cash in hand. 

Hey, Houston! Claim Your Chad Michael Tickets Now!

SquareDash is the banner sponsor for Chad Michael’s 2024 tour. Who is Chad Michael? He’s the founder of Insurance Restoration Training and a mastermind at helping roofers build better estimates. 

You can get tickets for $100 off by entering the promo code SQUAREDASH during checkout. 

• Houston TX — November 8, 2024

We’re Hiring—And We Want YOU

We have a few exciting job openings on our website and are looking for the best of the best, no matter where in the world you live. 

We’re looking for passionate roofing and/or restoration industry professionals who enjoy wearing many hats and have experience working in scaling startups. As you know, we’re setting out to revolutionize how contractors get paid. Can you help us achieve our goal? 

Check out the openings on our Careers Page and apply today.

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