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SURPRISE We’ve Run Out of Money
SURPRISE
We’ve Run Out of Money!
What surprised me most over the many years my consultancy finished hundreds of jobs for sureties after contractors had failed mid-project was how many contractors were surprised when they ran out of money. Most of them believed they were successful up to the day … Read the rest “SURPRISE We’ve Run Out of Money”
Capacity
Capacity
Public financial markets value companies based on their ability to earn money into the future. Financial analysts apply a multiple to the current proven earnings of a given publicly traded company in an attempt to accurately predict the value of future earnings. Valuation is about earnings.
There are 3,759,710 … Read the rest “Capacity”
Construction CFOs – They’re Not Bean Counters
Right Sizing
Right Sizing
Construction firms grow organically. The start-up contractor hires help as he or she goes along adding overhead as needed to handle the expanding workload. In other words, they are “backfilling” after the work comes in. This is organic growth because it grows out of need as a natural … Read the rest “Right Sizing”
Planning IS Managing
Planning IS Managing
Managing a construction company is like steering a 1000-foot container ship. It takes a long time for adjustments at the helm to alter the direction of the bow. There is a lag between deciding to change course and the ship changing direction. It only gradually comes about … Read the rest “Planning IS Managing”
ZERO TURNOVER
ZERO TURNOVER
If you are in the construction business reading this blog on your cellphone at the job site, I hope you have an adequate labor supply. This “skilled labor shortage” we’re all talking about will really threaten you if you try to grow too fast or your existing employees … Read the rest “ZERO TURNOVER”
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