Business of Construction - Simplar Foundation

Experts Make Money

by Simplar | Oct 17, 2024 | Built Environment, Business of Construction, Financial Management and Risk, Weekly Construction Message

Big business starts as small business especially in the construction industry, which is primarily made up of tens of thousands of small and medium sized privately owned companies. Today I am addressing the contractors who are still of a size to be building their...

You Are an Expert

by Simplar | Oct 10, 2024 | Business Development, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning

Do not be misled. Construction contractors are not manufacturing structures, or highways, and selling them to ultimate owners one piece at a time. We are selling construction services, much like business consultants are selling information services or law firms are...

Start With Function

by Simplar | Oct 3, 2024 | Built Environment, Business of Construction, Organization Transformation, Uncategorized, Weekly Construction Message

The process of building an organization that can execute profitable construction contracts sometimes begins with asking your spouse to answer the phone two days a week. Regardless of how incidental it may feel, every time you hire new personnel you are building your...

No/Go Without CFO

by Simplar | Sep 26, 2024 | Built Environment, Business of Construction, Financial Management and Risk, Uncategorized, Weekly Construction Message

I have often said that the first sign that a young contractor is developing business acumen is when they hire their first CFO. If you’re operating any size construction business larger than $5 million annual turnover you must have a professional CFO. Period. No...