by Simplar | Jan 14, 2021 | Succession Planning, Succession Planning
SUCCESS…ion 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...
by Simplar | Jan 14, 2021 | Financial Management and Risk
Liquidity If I learned anything from ten years operating the world’s largest workout firm for sureties engaged in construction bonding, it’s that liquidity (or the lack thereof) is the most important predictive metric on a construction company’s balance sheet....
by Simplar | Jan 14, 2021 | Current Events/Interests
Subject: Failure in older companies When Even a Rolex Stops Ticking Recent news from around the world-wide construction industry should cause US construction professionals to pause and ponder. Recent Headlines RIYADH/DUBAI (Reuters) January 2018 – Saudi Arabia...
by Simplar | Jan 14, 2021 | Risk Management
“Let’s Get Real” In a recent article I wrote the following: “There is a downside to the great market we are enjoying because some construction enterprises will grow too fast and the rate of growth can be lethal. Most construction enterprises were involuntarily...
by Simplar | Jan 14, 2021 | Business, Strategic & Project 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...
by Simplar | Jan 14, 2021 | Leadership, Leadership
O Captain My Captain Cruise Ship The Captain/Master of a large ocean liner does not steer the ship; that’s the Helmsman. He doesn’t navigate; that’s the First Officer. He doesn’t manage the deck staff; that’s the Bosun, or Boatswain. He doesn’t maintain the engines;...
