Tag Archives: increasing profits

Pathways to Growth For Your Construction Company

Starting a construction business is a relatively easy process with low capital requirements. But as every contracting business owner knows, after a short startup honeymoon, it can be extremely hard to maintain momentum and profitable growth. This is why it is so important to have a clearly defined business development and marketing program to support […]

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Why Contractors Fail

There has been significant research performed to determine why construction companies struggle financially, why they are dysfunctional and why some ultimately fail. The top 10 reasons (in no specific order) are basically business fundamentals and grouped as follows: Lack of a Clear Vision Casting and Defining Corporate Values / Goals and a Solid Market Value […]

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Basic Survival Questions for Today’s Challenging Construction Marketplace

 To survive and prosper in today’s marketplace it is imperative you, as the owner or top management, spend time evaluating your company and the marketplace. Below are some high level questions you might want to ponder. Do you have clearly defined goals for your company and a vision you can articulate to your employees and […]

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Understanding and Defining Your Value Proposition

Can you clearly define to a prospective buyer of your products and services, what problem they have that you can provide better solutions, more efficiently and more resourcefully than your competitors? What promise of value can you deliver to a customer and what value will they experience? I realize these questions sound basic and elementary, […]

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Contractors vs. Subs – Assembling the Successful Project Team

Many of you are going to suggest that the ideas expressed in this article are elementary or even stupid.  I’m okay with that, but if everyone is doing everything right, then why do we encounter so many adversarial relationships, lawsuits, wasted time, manpower, and money trying to complete building projects and get paid? Construction is […]

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Shareholder and Employment Agreements – Guaranteed Disaster If Not Executed When Forming Your Business

We all know the scenario. You may even have been, are there now or could find yourself there in the future. Two or more seemingly intelligent people decide to go into business together. They discuss their business plan, have a beer or two and talk about their future success and money they will make. Convinced, […]

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