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Weekly Construction Messages
Search Past Blogs by Headings Below
Old Beliefs = New Risks
Feb 8, 2024 | Business Failure, Business, Strategic & Project Planning, Weekly Construction Message
This year we have been examining the reality that our beliefs impact our business decision making. From the very beginning as children, we lay down little truths in our brain stem that never again come up for examination. This is how the human brain helps the race...
Look Before You Leap
Feb 1, 2024 | Built Environment, Labor & Labor Issues, Leadership, Project Selection, Weekly Construction Message
There is no time like the present. 2024 is our year to improve profit margins, increase cash flow, and stabilize our businesses. We will begin at the beginning when we prepare bids and sign contracts. This is the first tentative step we all take into the mine field of...
Trust Your Gut
Jan 25, 2024 | Project Selection, Project Selection, Risk Management, Risk Management, Weekly Construction Message
I have railed against low bid contracting for many years as the root cause of shrinking contractor profit margins and increasing contractor failure. In principle, it is an insane way to do business (selling a product for the lowest price rather than the highest price...
Before-During-After Signing
Jan 18, 2024 | Built Environment, Business of Construction, Contracting Methods, Weekly Construction Message
In the dance between customer and branding or reputation, current business marketing theory breaks down the experience into three stages - before, during, and after - purchase. Research shows the advantages of considering the customer journey more holistically, and...
Take the Road Less Traveled
Jan 11, 2024 | Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Leadership, Weekly Construction Message
The title of this blog is our theme for 2024. It is too hard to make good money in our industry these days. Contractors risk their own capital taking on enormous and highly complex projects that require expert knowledge and execution and often last for years. But,...
Let’s Make Money
Jan 4, 2024 | Business of Construction, Weekly Construction Message
Let me begin 2024 by saying thank you to everyone who participated in our construction business management dialogue in the last eight years. We began the Weekly Construction Message with a few construction industry professionals and academics debating business...
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