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Capital Management – Part 4: Financial Capacity
Capital Management
Part 4
Financial Capacity
When Babe Ruth was asked how he used to hit his way out of a batting slump, he replied, “I remembered to keep my eye on the ball.”
This series of blogs on capital management are intended to be a reminder to construction professionals … Read the rest “Capital Management – Part 4: Financial Capacity”
Capital Reserves – Contractor’s Last Line of Defense
Capital Reserves
Contractor’s Last Line of Defense
For the past three weeks we have been discussing the nature of capital reserves and their importance to contractors trying to manage through the depth and breadth of the current COVIDeconomic downturn.
Construction Industry Business Model
The business model ingrained in the … Read the rest “Capital Reserves – Contractor’s Last Line of Defense”
Promote Your CFO To a Trusted Member of Your Management Team
2020 Solution #1
Promote Your CFO
To a Trusted Member of Your Management Team
2019 Risk # 1 – Catastrophic Collapse
Unexpected Catastrophic Failure of Contracting Firms Both Large and Small
As we discussed in 2019, construction contracting is the second riskiest industry in the U.S. surpassed only by restaurants. … Read the rest “Promote Your CFO To a Trusted Member of Your Management Team”
Legacy Lost
Legacy Lost Let’s talk business; You won’t live forever. You’re acting like you might. But you won’t. Your company could. Your legacy should. So, let’s talk business- about your legacy. Legacy Lost “Most founders never expected or envisioned that their initial...
The Top Ten Leadership Skills Needed To Navigate the Current Pandemic Business Environment
The Top Ten Leadership Skills Needed
To Navigate the Current Pandemic Business Environment
“These Are the Times That Try Men’s Souls” – (Thomas Paine).
In uncertain times, we tend to navigate in fits and starts, first reacting one way, then another, often guessing at the best course of action. Jumping … Read the rest “The Top Ten Leadership Skills Needed To Navigate the Current Pandemic Business Environment”
The New Normal
The New Normal
We are entering the fourth week of this startling, confusing, confounding economic pause. It seems like a lifetime.
Government-mandated cessation of economic activity in the face of a worldwide viral pandemic is a first in human history. The economy didn’t gradually go sour due to an imbalance … Read the rest “The New Normal”
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