When most people talk about the continuity of construction businesses, the focus is typically on the technical elements such as who the buyer will be, how the purchase will be funded, tax ramifications and how to maintain bonding and banking credit. However, successfully transitioning a business starts years before these decisions need to be made […]
The Culture of Continuity Read More »
In Jim Collins’ famous book Good to Great (Why Some Companies Make the Leap and Others Don’t), he says that, “One of the dominant themes from our research is that breakthrough results come about by a series of good decisions, diligently executed and accumulated one on top of another.”
Why We Make Bad Decisions Read More »
Warren Buffet has said that the true role of any Chief Executive Officer is to be the Chief Risk Officer. In no business could this be any more true than in construction. Here are three risks that Warren Buffet focuses on, which could benefit contractors too.
Chief Executive Officer or Chief Risk Officer – Which are You? Read More »
Have you heard there’s a recession coming? Don’t panic, it won’t be tomorrow or next month, but according to many economists, it is getting closer.
Are you Ready for the Recession? Read More »
I recently read an article in the Harvard Business Review titled, Kodak’s Downfall Wasn’t About Technology, and the author did a great job of getting to the core of Kodak’s true problems. If you’re like me and many other others, you accepted the narrative told by most in the media about Kodak being fat, dumb
Is Your Company the Next Kodak? Read More »
Most people attribute Steve Job’s success to his incredible creative genius, which was certainly a huge factor, but what many don’t realize is how his ability to identify his top three priorities and obsessively laser in on them was what helped him execute his great ideas.
Steve Jobs – How Laser Focus Lead to His Success Read More »
Much like kids on a road trip with their parents, we have all been asking, “When are we going to get there?”. Well kids, we have arrived, and we are finally starting to see higher gross profit margins in the construction industry.
Higher Gross Profit Margins – Are we there yet? Read More »
As the construction market continues to improve, we are seeing more contractors needing increased bonding capacity. For some contractors this means wanting the ability to bid larger projects and for others it’s a matter of more overall bonding capacity to support their growing backlog.
7 Tips to Increase Bonding Capacity Read More »
I just finished reading a fantastic book by Ryan Holiday titled, Ego is the Enemy. Ryan goes into detail about the various ways ego sabotages our efforts, and how it often does so in a subtle and elusive way like water rotting out the foundation of your home.
