by Simplar | Feb 6, 2025 | Built Environment, Business Development, Business of Construction, Business, Strategic & Project Planning, Financial Management and Risk, Leadership, Leadership, Organizational Change Management, Risk Management, Risk Management, Weekly Construction Message
Contracting is a risky business that works because contractors are risk takers. Every time we acquire a new project we are leaping into the unknown. No one has ever built this next project, and no one can predict its uncertain outcome. Is there uncertainty that the...
by Simplar | Jan 9, 2025 | Built Environment, Business Development, Business of Construction, Financial Management and Risk, Financial Management and Risk, Growth, Leadership, Weekly Construction Message
Profit is Our Theme for 2025 Construction industry profit margins are too low. The financial risk we take is too high. Too many competent contractors fail without warning. We need to improve our business management practices this year to improve margins and reduce...
by Simplar | Jan 9, 2025 | Built Environment, Business Development, Business of Construction, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Leadership, Weekly Construction Message
Looking Ahead to 2025 Thomas C Schleifer, Ph.D. These are the topics we will be discussing in 2025. We’ll be diving a little deeper and our treatment of each topic will be more granular. See you next year. Marketing Reputation Market segmentation Owner...
by Simplar | Nov 14, 2024 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Growth, Growth, Leadership, Weekly Construction Message
For many years I have been cautioning about the risk inherent in accelerated growth. Construction professionals, however, have not been listening to these cautions because, unlike all other industries, construction has no ongoing business inertia. Contractors must...
by Simplar | Nov 7, 2024 | Built Environment, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Leadership, Project Selection, Risk Management, Weekly Construction Message
A Case Study I was very young when I found myself running the field operation of the contracting firm my brother and I started. After a number of years, we were the successful bidder on a church nearby. We diligently submitted our first payment requisition to the...
by Simplar | Aug 2, 2024 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Growth, Weekly Construction Message
… Read the rest “Cash is King”
