Four Steps to Sustainable Growth (10+10=0)

All contractors go through different stages of growth.

D. Brown Management Profile Picture
Share

 

Leadership Tools: 10 + 10 = 0

Growing contractors face an overwhelming amount of problems and opportunities as they move through the different stages of growth. There will never be enough resources to work on all of them, especially with the shortage of talent facing the construction industry.  

"Give me six hours to chop down a tree and I will spend the first four sharpening the axe."

Abraham Lincoln

The equivalent for the leadership teams of growing contractors is to spend a significant amount of time truly identifying the #1 bottleneck or opportunity in their entire value stream.  Then breaking it down into an actionable objective with key results that everyone can align around rather than a broad vision.   

This seems simple but in reality is VERY challenging, especially as a business grows. This is an area where experienced 3rd parties can add significant value because they don’t have all the biases that are inevitable with management teams who are looking at the myriad of problems and opportunities every day.  

Learn more




Valuing a Construction Business
There is no single right way to value a construction business, although there are many methods that have validity. Keep in mind that the definition of “Fair Market Value” is quite simply what a willing seller and buyer agree to.
Using a Vision to Create Desire and Context for Tasks
There is a whole lot of work involved in building projects and building a construction company. It is easy to get mired down in endless to-do lists, processes, and problems. The thing that holds this all together and accelerates performance is the vision.
Who Holds What Risks in CMAR Project Delivery?
Construction is risky for all parties. Effective contracting for construction work is about assigning risks to those who are most capable of mitigating those risks. Compensation for the risks assumed must be appropriate.