by Simplar | Mar 7, 2024 | Business Development, Business Development, Business Development, Business Development, Growth, Growth, Weekly Construction Message
The simplest definition of conglomerate is – a number of different things or parts that are put or grouped together to form a whole but remain distinct entities. What a perfect description of a construction company! As I have said so often in the past, each...
by Simplar | Feb 22, 2024 | Financial Management and Risk, Organization Transformation, Organizational Change Management, Organizational Change Management, Organizational Change Management, Risk Management, Weekly Construction Message
The term “Corporate Darwinism” was the title of a business book published in 1966 that tracked the stages of birth, growth, and death of the typical American industrial corporation. According to the research, all start-ups that survive pass through these...
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 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 …...
