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Closing the Barn Door After the Horse has Bolted
Subject: OverheadÂ
âCLOSING THE BARN DOOR
AFTER THE HORSE HAS BOLTEDâ
by Professor Jake Smithwick, PhD, University of North Carolina at Charlotte
Cutting overhead to protect earnings in down markets is a business school clichĂ©. In management theory it is an obvious common-sense notion to eliminate expense that is deemed … Read the rest “Closing the Barn Door After the Horse has Bolted”
Introduction to Business Planning
Introduction to Business Planning
The best lesson in planning I ever had was not in business school. It was attending a normal weekly contractor staff meeting and listening to an experienced and knowledgeable old-time contractor teach his management team how to manage a construction business. If you want to learn … Read the rest “Introduction to Business Planning”
SUCCESS…ion
SUCCESSâŠion
Succession is a Big Deal
The magnitude of the succession issue is staggering. Seventy percent of construction enterprises are family-owned. As more than 9 million baby boomers retire in waves, the founders and first-generation baby boomer owners of all types of companies around the US are about to orchestrate … Read the rest “SUCCESS…ion”
How to Go Bankrupt
âHow did you go Bankrupt?â
âTwo WaysâŠgraduallyâŠthen suddenly.â
(The Sun Also Rises, Ernest Hemingway)
Subject: financial planning
Ernest Hemingway, apparently knew more about business failure than some executives, scholars, and politicians gathered around the recent catastrophic collapse of Carillion PLC, the massive $ 7 billion UK contractor. (Reported on this … Read the rest “How to Go Bankrupt”
The Dozer is Not Free
Subject: Purchase price vs real price
This $250,000 Dozer
Is Not FREE
I was looking for holes. As a salvage expert working for sureties who were exposed to enormous losses by sudden contractor failure, I was completing jobs across the country and at the same time studying the financially distressed … Read the rest “The Dozer is Not Free”
Common Sense
COMMON SENSE
by Brian Lines, Ph.D., Assistant Professor, University of Kansas
Construction industry research usually begins with an everyday practical problem brought to a university faculty by construction industry professionals. Unfortunately, the resulting published research papers can often sound âacademicâ, âcomplex,â and âtheoreticalâ to construction practitioners laboring in the field. … Read the rest “Common Sense”
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