Definition of Sustainability

How sustainable is your construction business?

D. Brown Management Profile Picture
D. Brown Management
March 8, 2019 1 minute read
Share
Leadership Tools: Definition of Sustainability: The ability to be maintained at a certain rate or level.

Not your ability to build sustainable buildings, but the true sustainability of your business.

  • Are the market(s) that you are in stable or at least counter-cyclical to each other throughout various economic cycles?

  • Are those market(s) growing, stacking the cards in your favor that your company will continue growing?

  • Do your customers love you to the point where they keep coming back to you for projects?

  • Do you have good business development capabilities that will create predictable revenue growth?

  • Do you have good talent development systems, ensuring that your revenue growth does not exceed your ability to grow and retain leadership talent?  

  • Are you generating enough free cash flow to support your growth?

Sometimes, an outside perspective can be invaluable for helping assess and improve your sustainability. 

What does your scoreboard say?  

Project Team Zero
What would it mean for your company if every one of your project teams were a zero? Zero-Accidents + Zero-Fade + Delighted Customer = Perfect Project
Related Article
Capacity Expansion as a Strategic Decision
"Capacity expansion is one of the most significant strategic decisions faced by firms, measured both in terms of the amount of capital involved and the complexity of the decision-making problem." - Michael Porter (Author of Competitive Strategy)
Related Article
Four Steps to Sustainable Growth (10+10=0)
Growing contractors face an overwhelming number of problems and opportunities as they move through the different stages of growth. Prioritizing these, aligning the team, then executing becomes progressively more difficult and important.
Related Article