August 2019
How your company culture is affecting customer satisfaction & litigation risk
There’s a common quip in the construction industry: A badly planned project will take three times longer than expected, while a well-planned project takes only twice as long as expected. Though many expectations of construction projects are based on this concept, there are proactive steps that...
Common misconceptions & 10 characteristics of this management style
The term “servant leader” can be viewed as an oxymoron. How can a person lead and be a servant at the same time? A common misconception is that servant leaders are practically subservient to their followers. But that isn’t true servant leadership.  A true servant leader leads with others in...
4 steps for hedging your business against multistate licensing issues
Getting a contractor’s license is a complicated, time-consuming process. As a result, many large construction companies end up relying on a handful of qualifiers for licensing across a substantial operating territory. In fact, it’s not uncommon for a company to have a single qualifier in a dozen...
A study of the phases successful companies go through
Over 90% of all construction companies grow for several years, then stop and remain stuck at their current size indefinitely (adjusted for inflation). At its stuck size, a company’s profit margins remain low, hiring slows, work suffers, and the company seems locked in place. So, what will it take...
The necessity of positive influence, industrywide collaboration & proactive training
The skilled workforce shortage is not a new topic to those in the construction industry. By 2031, 41% of the current workforce will retire, and exiting baby boomers will only continue to exasperate the shortage. How many of your employees plan to retire in the next 5 years? It takes 8 to 12...
How to determine the true cost of equipment ownership with fleet management software
Equipment is the lifeblood that enables construction companies to achieve works of wonder. Productivity and the ability to complete projects are reliant on the healthy functioning of such assets. With that, costs must be managed to maintain your bottom line. Understanding both the health and...
A guide to knowing what data is best for your company to collect & analyze
I have done a lot of research over the past few months on how data is impacting other industries. This research has compelled me to create a new presentation, which I am now rolling out on the JBKnowledge ConTech Roadshow events, along with other selected conferences where I have been invited...
AIA Architectural Billings Index, Annual Value Update & more
The Construction Business Owner team compiles statistics each month from several sources, including the American Institute of Architects (AIA) and the United States Census Bureau, to give you a better understanding of the current state of affairs for the construction industry. The statistics...
A practical guide to minimizing cyberrisk & maximizing opportunity
In today’s construction business world, the processes of creating and operating your website, executing online advertising, building your brand through social media, and managing subcontractors through online tools and systems are just par for the course. But, if you are not versed in the risks...
Exploring what separates top firms from all the rest
Contractors who live in the hard-bid world know the difference between first and second place is measured in dollars. The spread, or “delta” in the negotiating world, is often viewed in alternate terms. The fourth letter of the Greek alphabet—the delta—in math simply represents the difference or...
6 tips for snagging perfectly tailored equipment to perform those detailed duties
The productivity and maneuverability of a compact excavator makes it one of the most versatile machines on any jobsite. Equipment manufacturers have introduced new compact excavator models that can be tailored to your specific needs. But with all of these options, how do you select the compact...
CFMA’s annual conference & exhibition provides direction for the industry
The Construction Financial Management Association (CFMA) is a nonprofit organization dedicated to serving the educational needs of the construction industry’s financial professionals. With more than 98 CFMA chapters in major cities from Maine to Hawaii, the organization offers a conference,...
4 types of financing that can help your business break through
Many business owners are intimidated by the thought of discussing financing with a bank. Dan Wies is just the opposite: he interviews the banker to see if they understand his business.  “There are a lot of banks out there that say they ‘do’ construction,” said Wies, vice president of a 48-...
The alternate technologies offering operators & workers greater protection
On-the-job safety in the construction field has captured headlines in recent months, with many statistics pointing to increased incidents of worksite injury. According to the Bureau of Labor Statistics (BLS), working in the transportation sector of the construction industry makes workers...
Lessons from the 100-year-old Serenus Johnson Construction
From apprentice to journeyman carpenter to project manager, all the way to president and owner of a construction company. It’s the kind of story that makes working in an industry like construction worth the potential challenges—one where a graduate degree or connections in high places aren’t the...
Our industry experts share their solutions to some of the biggest problems facing construction business owners & their teams
Jim Heuer Owner Heuer...