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




The Basic Math of Ownership Transitions
Ownership succession for a construction business is complex. Sometimes it is best to back up and look at a really simple model to keep the three primary parties focused on what is truly important.
3-Year Business Planning (Basic Overview)
Your 3-Year Business Plan is the equivalent of a Short-Interval-Plan (SIP) on a construction project. It sets specific objectives and key results for the whole team. It allows you to plan your resources and know if you are on track or not.
Four Primary Financing Options
One way or another, there has to be some form of financing for an ownership transition to occur where one or more parties are putting capital at risk.