by Simplar | Dec 5, 2024 | Built Environment, Business of Construction, Leadership, Organizational Change Management, Weekly Construction Message
Entrepreneurs all have a goal in mind, but in the frantic world of the construction business founders often forget where they’re headed. For construction professionals the goal is usually in the form of developing their company in the image of a contractor they are...
by Simplar | Dec 5, 2024 | Built Environment, Business of Construction, Leadership, Leadership, Weekly Construction Message
Entrepreneurs Contractors begin as entrepreneurs. Entrepreneurs generally set out to turn random opportunities into viable organizations that create value. It is our mission to assist construction professionals to develop their own approaches, guidelines, and skills...
by Simplar | Nov 14, 2024 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Growth, Growth, Leadership, Weekly Construction Message
For many years I have been cautioning about the risk inherent in accelerated growth. Construction professionals, however, have not been listening to these cautions because, unlike all other industries, construction has no ongoing business inertia. Contractors must...
by Simplar | Nov 7, 2024 | Built Environment, Business, Strategic and Project Planning, Financial Management and Risk, Financial Management and Risk, Leadership, Project Selection, Risk Management, Weekly Construction Message
A Case Study I was very young when I found myself running the field operation of the contracting firm my brother and I started. After a number of years, we were the successful bidder on a church nearby. We diligently submitted our first payment requisition to the...
by Simplar | Oct 31, 2024 | Business of Construction, Financial Management and Risk, Weekly Construction Message
Contractors usually start out as closely held companies that grow their business gradually over time. Many have formal education as engineers or constructors, but rarely do they have any business education or experience. Their first bookkeeper is often their spouse or...
