by Simplar | Jan 9, 2025 | Built Environment, Business Development, Business of Construction, Financial Management and Risk, Financial Management and Risk, Growth, Leadership, Weekly Construction Message
Profit is Our Theme for 2025 Construction industry profit margins are too low. The financial risk we take is too high. Too many competent contractors fail without warning. We need to improve our business management practices this year to improve margins and reduce...
by Simplar | Nov 4, 2021 | Business Development, Business Development, Business Development, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Leadership, Leadership, Leadership, Leadership, Prospering Cyclical Market, Weekly Construction Message
Stable Markets: Where All Profits Reside Two weeks ago, I ended the message by expounding Schleifer’s First Law: Contractors Thrive During Stable Markets Today, I begin with Schleifer’s Second Law of Market Dynamics: There is No Such Thing as a Stable...
by Simplar | Jan 14, 2021 | Overhead
HOW TO ALWAYS MAKE A PROFIT I Can Hear Some Groaning: “More theory.” Many will say: “Nobody always makes a profit. Some jobs just don’t pan out. Come out here in the field and try to always make a profit. Try to make a profit in the recession we just … Read the...
by Simplar | Jan 14, 2021 | Project Selection, Project Selection
How to Handicap Project Profitability Like a Vegas Bookmaker Imagine if bookmakers in Las Vegas accepted bets based on their loyalty to their favorite teams or just a hunch. They would be out of business after the first round of betting. They understand their chances...
by Simplar | Jan 14, 2021 | Business Development
Flexibility = Profitability I have been talking for years about “Flexible Overhead” as a fundamental management tool in the construction industry. By Flexible OverheadI mean the ability to expand or contract overhead with the same speed as the construction market...
