by Simplar | Jul 23, 2026 | Business, Strategic & Project Planning, Financial Management and Risk, Financial Management and Risk, Growth, Leadership, Risk Management, Weekly Construction Message
“If you don’t know where you’re going – you’re probably not going to get there.” I quote this ancient Chinese proverb every time I talk about strategic planning. The contracting business does not lend itself to long-term planning....
by Simplar | Jul 16, 2026 | Business of Construction, Business, Strategic and Project Planning, Leadership, Leadership, Organizational Change Management, Succession Planning, Succession Planning, Weekly Construction Message
In my long career as a contractor to a consultant, I have had the good fortune to work with young people who had recently inherited a construction business. Most of these young men and women were already working in the family firm in a middle management or executive...
by Simplar | Jul 10, 2026 | Business Development, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Leadership, Leadership, Risk Management, Weekly Construction Message
Warren Buffet was a businessman. He never drove a train, wrote an insurance policy, built an office tower, or miniaturized a computer. He strictly analyzed an existing business’s ability to make a profit over an extended period and invested an appropriate...
by Simplar | Jul 2, 2026 | Financial Management and Risk, Financial Management and Risk, Risk Management, Weekly Construction Message
The unique complex nature of the construction financial transaction cannot be overstated. I make this point repeatedly because my experience working with contractors is they do not see the complexity of the business of contracting the same way I do. The unfortunate...
by Simplar | Jun 25, 2026 | Business Failure, Business Failure, Financial Management and Risk, Financial Management and Risk, Risk Management
The instrument rated construction company financial management that we have been discussing these past few weeks is not simply a metaphor. Most of the contractors that failed mid-project when my company was completing construction projects for sureties were surprised...
