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accounting and bookkeeping work, in addition to all of the
estimates for jobs over $1,000. Ginger personally reviewed any
invoice over $200. Ginger would interpret the contracts for work
in progress, verify the amount of work actually completed, and
assemble a rough draft of the invoice. Ginger reviewed the final
draft of every invoice. If a change order was required, Ginger
was the one who told the developer that the project was going to
cost more money.
Ginger made all compensation decisions, and petitioner paid
its employees above the market rate in an attempt to reduce
turnover. Ginger made all decisions regarding the use of
accountants, lawyers, and other professionals. Ginger handled
all financial management and credit management. Ginger
considered petitioner's cash flow crucial to survival, and he
managed the collection of past due invoices on a daily basis.
Every month Ginger would sit down with the bookkeeper and review
every job in progress. Ginger typically worked 13 hours a day,
and, at times up to 15.5 hours a day. Ginger served as
petitioner's only marketing person, and he often spent his
weekends and evenings building relationships with customers or
potential customers. Ginger joined and participated in local
organizations related to the construction industry in an attempt
to generate business for petitioner. He also joined
organizations that gave him access to executives and
entrepreneurs from other industries.
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Last modified: May 25, 2011