Construction Business Owner, August 2007
At the start of every construction project, owners, contractors and surety companies all share the same goal: finishing the project on time and on budget.An owner wants the project completed correctly, on time, within budget and without liens. The contractor is looking to complete the work on...
Ask most professional contractors today if they use a computer and they'll look as if you've asked if their homes had indoor plumbing. But mention online construction management applications and the responses become more mixed.If you're uncertain of the value of going with a web-based technology,...
"Half the money I spend on advertising is wasted; the trouble is, I don't know which half," department store magnate John Wanamaker famously complained around the beginning of the twentieth century.If you read that quote and chuckled wryly in complete understanding (and then maybe cried a little),...
Safety training material for cranes, aerial lifts and other equipment is constantly evolving to better meet the needs of the construction industry.Through the power of the Internet, new online methods make it easier to access this information. Online safety training courses give companies instant...
Q:I am the owner of a general contracting firm that specializes in commercial and industrial construction projects. Currently, our company is pretty efficient when it comes to internal controls: We use numerous reliable software programs for accounting, estimating, scheduling and project planning....
Cash flow is just as important to a contractor's business as profitability.As a contractor, there are many things you can do to enhance your cash flow. In order for your company to succeed, you need the strategies and tactics to stimulate that growth. By adopting some of the following strategies,...
People believe some crazy things about what the Internet can do for them.And many online hucksters reinforce these beliefs by making outrageous promises. Yet, there are genuine advantages to using the Internet for business that sometimes get lost in the hype.As a builder, here are four things you...
Editor's Note: Following is part three of our eight part series called "Better Next Year," by Fred Ode, CEO, chairman and founder of Foundation Software. To read the previous article, click here. To read the next article in the series, click here.You are sitting in a medical examination room...
Q: Another construction company approached me several months ago about merging our companies or selling to us. It’s a good company with similar values and business philosophies. They do $4 to 5 million in sales and we consistently do $5 million plus. My initial reaction was not enthusiastic...
Starting a business can be one of the most rewarding and satisfying undertakings a person can pursue. For some, it involves chasing and achieving a personal dream, and for others, it provides an opportunity for freedom and flexibility from a corporate job. Launching a new business venture comes...
Dear Jayme: I start each day with a plan, but when I get to the office or jobsite, I get bombarded by problems and questions that demand my immediate attention, and my plan goes out the window. I end up feeling like I’ve been through the wringer, but I’ve usually accomplished nothing. How do I get...
Amidst the turbulent waters of organizational risk management lurks the necessary, yet often challenging, expanse of workers' compensation.In some states, a government-run bureau of workers' compensation is the insurance agency through which all workplace injuries are processed. These states are...
Editor's Note:  This is the eigth 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...
As the two-year anniversary of Hurricane Katrina approaches, the Gulf Coast remains engaged in the most ambitious rebuilding effort in U.S. history.The first year after the storm, most of the effort went into immediate relief and recovery activities, such as repairing levees, removing debris, mud...