Construction Business Owner, April 2007
Editor's Note:  This is the fourth in our 2007 series of The Business Owner Toolbox written by our regular columnist, George Hedley.  Each article is written to provide you with practical, immediately applicable business management tools to assist you on your path to building a successful...
Contractors A and B want to bid on a construction project that requires a surety bond, but neither has performed work requiring bonding in the past.Contractor A arranges a meeting with a professional surety bond producer, while Contractor B calls his longtime insurance agent.Contractor A's surety...
There is little question that handling payroll, a necessary part of any business, can be challenging.Tax laws change. Company policies change. Employees change, as do their family situations and their payroll distributions.A single mistake with any of those issues can lead to serious and...
With construction costs soaring and the marketplace becoming increasingly competitive, protecting the bottom line and maximizing revenues are paramount to every construction business owner, general contractor and subcontractor.How can a business owner avoid injuries, lower workers' comp claims and...
Successful entrepreneurs know that it takes time and planning to maximize the value of their companies' stock when they are ready to move on.Developing an exit strategy is not an easy process, but it is a process that can unfold gradually. It takes time to position a company's financial health,...
The workplace is an environment of tasks and transactions; of projects and processes; of grind and goings on. But deep beneath the surface lurks a silent enemy-one who does not discriminate and who strikes over time, with its victim unaware until it's too late. We're not referring to a great white...
Editor's Note: Following is the last of our ten part series called "Technology Traps and Mishaps," by Fred Ode, CEO, chairman and founder of Foundation Software. To read part nine, click here.As a teenager, my parents used to tell me if I was going to be out late I would need to call home. "Make...
The construction industry is broken, and the five facts below represent why the industry needs to change:1. If it takes six months to build a house, then 85 percent of the time is spent on two activities: waiting on the next trade to show up and fixing mistakes.2. Clemson's Professor Roger Liska...
If you haven't asked or been asked about ways to increase energy efficiency, you are in the minority. Americans overwhelmingly agree that energy costs are the most serious financial concern facing their families.  Big surprise. According to the U.S. Department of Energy, the typical family...