by Simplar | Dec 7, 2023 | Financial Management and Risk, Growth, Growth, Weekly Construction Message
Over my career as a contractor, educator, and consultant to the construction industry I have worked with hundreds of different contractors that were as dissimilar as chalk and cheese. They were short or tall, large or trim, but they were all self-confident. No one...
by Simplar | Nov 30, 2023 | Business of Construction, Growth, Growth, Weekly Construction Message
What is clear after 50 years of research into the business of construction is that construction professionals make business decisions based on their beliefs. Beliefs are firmly held convictions that go largely unexamined but nonetheless strongly influence our...
by Simplar | Nov 23, 2023 | Business of Construction, Weekly Construction Message
Beliefs are firmly held convictions that go largely unexamined but nonetheless influence our decision making without us being aware of them in the background of our thinking. In last week’s message, I listed ten beliefs that influence construction...
by Simplar | Nov 15, 2023 | Business of Construction, Growth, Weekly Construction Message
I started my career in construction as a carpenter apprentice decades ago. My brother and I eventually formed our own general contracting business that operated continuously until last year when my brother retired. Years ago, while running our start-up contracting...
by Simplar | Nov 9, 2023 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Weekly Construction Message
Our ongoing discussion on the importance of managing the flow of cash into and out of a construction contractor’s balance sheet identified the two major financial risk factors that contractors face: (1) a chronic shortage of working capital; and (2) a highly...
by Simplar | Nov 2, 2023 | Business of Construction, Cash Flow (Getting Paid), Financial Management and Risk, Financial Management and Risk, Weekly Construction Message
The first rule in both baseball and golf is keep your eye on the ball. The best hitters in baseball say they can sometimes actually see the ball hit the bat. Ben Hogan, one of golf’s greatest, claimed that the visual image that stayed with him after he hit a …...
