by Simplar | Jun 26, 2025 | Built Environment, Cash Flow (Getting Paid), Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Leadership, Leadership, Risk Management, Risk Management, Weekly Construction Message
A major theme throughout the Godfather trilogy is betrayal by enemies hidden within the family. “You’re nothing to me now, Fredo” Al Pacino says to his brother who has betrayed him in Godfather 2. “Nothing happens to Fredo while my mother is...
by Simplar | Jun 23, 2025 | Board of Directors, Built Environment, Business of Construction, Business, Strategic & Project Planning, Financial Management and Risk, Financial Management and Risk, Leadership, Risk Management, Weekly Construction Message
I have been waging a lifelong campaign to convince contractors that financial management is a professional skill and a critical component of their team. Our profits are limited by unique risk factors like multiple simultaneous projects, extended schedule, and risks of...
by Simplar | Jun 12, 2025 | Built Environment, Business of Construction, Financial Management and Risk, Financial Management and Risk, Leadership, Leadership, Risk Management, Risk Management, Weekly Construction Message
Contractors often wait too long to employ the business management expertise of a qualified Chief Financial Officer. Small and mid-size businesses across all industries have traditionally left accounting to a bookkeeper, hiring an outside accounting firm to close the...
by Simplar | May 23, 2025 | Built Environment, Business Failure, Business of Construction, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Leadership, Leadership, Weekly Construction Message
Last week we established that the high failure rate in the construction industry comes down to a single cause – a shortage of working capital. Some blame failures on a whole variety of causes: labor unrest, natural disasters, economic stress, market shrinkage,...
by Simplar | Apr 25, 2025 | Built Environment, Business of Construction, Leadership, Leadership, Leadership, Weekly Construction Message
The most important function of construction “bosses” after they promote themselves to “leader” is to build a professional organization that can provide their clients with expert services. After all, their team is their product. We are not...
by Simplar | Apr 17, 2025 | Built Environment, Business of Construction, Leadership, Leadership, Weekly Construction Message
As I pointed out last week, the construction industry is populated largely by entrepreneurial firms. Confidence and independence are the traits that cause entrepreneurs to start their own business. However, when construction firms grow into mid-size or larger...
