by Simplar | Apr 28, 2022 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Cash Flow (Getting Paid), Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Financial Management and Risk, Leadership, Weekly Construction Message
SURPRISE We’ve Run Out of Money! What surprised me most over the many years my consultancy finished hundreds of jobs for sureties after contractors had failed mid-project was how many contractors were surprised when they ran out of money. Most of them believed...
by Simplar | Jan 14, 2021 | Business Failure
Current Construction Recovery Top Line vs. Bottom Line Since 2012 the construction industry has been enjoying a robust recovery. In this blog I have been alerting contractors to the business risks hidden in the euphoria of construction market upswings. Now that we...
by Simplar | Jan 14, 2021 | Financial Management and Risk, Financial Management and Risk
Sources and Uses of Funds In our ongoing discussion of risk throughout 2018, the multiple risk factors identified boiled down to one core flaw that brought down the majority of failed contractors – a shortage of capital. For one reason or another, the failed...
by Simplar | Jan 14, 2021 | Financial Management and Risk
Russian Roulette Remember Russian roulette, the lethal game of chance found in the story, “The Fatalist”, by Russian poet Mikhail Lermontov? You take a revolver which has six empty chambers, insert a single cartridge, and then give the cylinder a good spin. When the...
by Simplar | Jul 3, 2025 | Financial Management and Risk, Financial Management and Risk, Risk Management, Risk Management, Weekly Construction Message
Back in the 1960s “What Me Worry” was the masthead motto of a little counterculture publication known as Mad Magazine that is still around somewhere to this day. Some of you more senior readers out there may remember it. At that time, my brother and I were...
