Construction Business Owner, May 2007
Editor's Note:  This is the fifth 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...
The companies of today exist in a dynamic and turbulent society in which the question of whether change will occur is no longer relevant. Change is a given. Societal factors have caused significant change in the work environment, thereby affecting the people, methods and goals of organizations....
GPS (Global Positioning System) technology and the application of GPS technology have certainly come a long way in the last five years, but is GPS right for your business?You first need to decide how GPS fits into your business and how your business can benefit from the investment.History of GPSGPS...
As contractors grow and increase their overall contract revenue, they must evaluate different methods to finance their overall risk exposures. This is referred to as “risk financing.”Risk financing programs involve a trade-off between cash flow and risk, and hence many of them are called “cash flow...
Most contractors are well aware that a combination of issues can create problems on any construction project.There could be financial changes in the economy, unforeseen changes in jobsite conditions, a death or illness of a key employee, rising interest rates on a bank loan, oil and materials price...
By definition, an employee is: “A worker who is hired to perform a job.” While short and to the point, this definition gives us minimal insight into why employers sometimes spend countless hours interviewing and ultimately hiring the wrong person.All too often, organizations spend so much time...
Editor's Note: The following is the first in a short series of articles dedicated to preventing business fraud. To read the next article in the series, click here.How would you react if someone at your company said, “Last year we lost 5 percent of our revenue due to fraud, and we’re not sure how it...
Lean Construction Lean construction is about thinking lean in order to accomplish more with less and in less time, but more importantly, getting the job done in ways that provide greater value to the client by delivering exactly what the client wants. Lean construction starts with value as defined...
You have excellent human resource and legal departments, sophisticated and well-publicized policies prohibiting discrimination and retaliation and effective internal complaint and mediation processes. You have eliminated or reduced the number of charges filed with the Equal Employment Opportunity...