Success is Not Final and Failure is Not Fatal

The construction business is TOUGH!

D. Brown Management Profile Picture
Share

There will be years that go by where it seems you are on top of the world.  There will be “perfect storms” where you have a bad project, a dip in the economy, lose a critical member of your team and your banker wants to meet with you on Friday to “talk”.  

Quote: Success is not final, failure is not fatal: it is the courage to continue that counts. Winston Churchill.

There are many variables that you can control but there are many more that you can’t.  You will make many great decisions and you will also make bad ones.  

Accept all these as facts.  Realize that ALL businesses are tough in their own ways.  Life is TOUGH!

Don’t fall in love with the summit of the mountain; you have to love the challenge of being on the mountain and improving every day.

Realize that as you climb the mountain you can’t do it alone and that each stage will require different skills and gear.

Realize that it is discipline and not motivation that will carry the day. 




Key Drivers of Value
Valuation is a very critical factor during ownership transitions because it has to be a number that fairly represents the value of the business for the outgoing owners while providing a solid return for the buyers.
Structure, Decision Rights, and Information Systems
Alignment of strategy, management structure, decision rights, and information systems creates consistently good outcomes for growing contractors and faster development of talent.
Governance Structures Enabling Ownership Transitions
Governance structures including the board of directors, policies, information flow, operating rhythm, and decision rights must continually evolve through each stage of growth and ownership transition. The first board is typically driven by a transition.