Down East CFO Group

10/14/2025

Registration for Friday, October 17th, 8 am - 1 pm at the Schoodic Institute

07/23/2025

Check out our helpful resource in this month's HBRAME newsletter on the topic of where the money goes in your business.

On the eve of Independence Day, the US House of Representatives approved HR 1-the One Big Beautiful Bill Act, including several important provisions to help home builders, small businesses and families. The measure passed the Senate shortly before that. Prior to these votes, NAHB sent a letter to co...

05/15/2025

The Maine Home Construction Contracts Act requires you use a written contract with specific provisions whenever the construction or repair contract is for more than $3,000. For example, the contract must limit any down payment to no more than one third (1/3) of the total price and the contract must....

05/13/2025

Your revenue is increasing but you can’t seem to get ahead financially. This is a common situation for growing businesses.

As a residential contractor, a growing business means that running your business is more complex than before, you’re hiring more people, and you may have accumulated more debt than you planned to.

It also means more focus on the financial side of your business…from keeping track, figuring out what’s working and what’s not, and having a plan that will help you reach your goals.

But you might not know what to focus on first.

If you can relate, one easy place to start is with this free tool, called The Cash Confidence Scorecard. It will help you uncover challenges to work through, so you can start making progress on the financial health of your business.

Check it out at: https://insights.downeastcfo.com/cashconfidencescorecard

05/08/2025

Considering getting help with the financial side of your business, but your books are kind of messy?

If you want a better way to understand and improve profitability and cash flow, it doesn’t matter if every expense is classified correctly.

What matters first is getting clarity about your personal and business goals, so we’re focused on accomplishing the things you care about.

Give Kristi a call at 207-812-4194, to start a conversation.

05/06/2025

Use this form if you wish to testify using Zoom before a committee at a public hearing on a bill or confirmation or to submit written testimony.

05/05/2025

Together, we’ll focus on the top things that will help your business succeed.

Every month, you’ll know what’s working and what’s not and get a simple action plan designed to get and stay on track toward whatever business success means to you.

You don’t have to do everything yourself.

Reach out to start a conversation about what you want to accomplish this next year.

05/01/2025

There’s more to gain from staying on top of your business finances than just a spreadsheet.

For residential contractors, you could gain more:

🔹 Confidence - by making decisions with clarity
🔹 Stability – from the feast-or-famine cycle
🔹 Control - over your pipeline and priorities
🔹 Time - from constantly running numbers through your head
🔹 Sleep - knowing you’re covered

If you’re interested in improving the financial health of your business, and want to know where to start, check out The Cash Confidence Scorecard at: https://insights.downeastcfo.com/cashconfidencescorecard

04/30/2025

A study coauthored by Associate Professor Jim Siodla identifies minimum lot-size restrictions as one major reason

04/29/2025

Your bank balance is like a snapshot of your business at a point in time. Your cash flow is like a video of your business over time.

If you’ve ever paid off a big debt based on your bank balance, and then didn’t have the money to pay all the bills a couple of months later, then you know the story.

It happens. Especially when you’re already making a hundred other decisions every day.

If you’d like to get a better view of what could happen next with your cash flow but just don’t have the time to do it yourself, let’s talk about it.