Construction Business Owner, October 2011
 Q: What proven business practices will help subcontractors build a better business?A: Al Slattery started his brick and masonry construction company, Al Slattery Masonry, in 1987 with a small group of trade school students as his field crew. Like most small business owners, Slattery handled...
Are you capitalizing on technological advancements?Fewer construction projects, more competition, tighter bids and lower margins are constant reminders that times are still tough. More than ever, construction businesses must strategically change to keep the doors open.Traditional tactics for...
 Harness self-awareness to become an emotionally intelligent boss.Imagine if this scenario had happened to you before owning your business: You suggest a thorough and convincing idea to your boss—the company should enter into a new market. Your presentation includes a rigorous market analysis...
Find out how one contractor has benefitted from going green—follow his example to reduce fuel costs.Greening your fleet can be easier and more cost-effective than most think. GH Phipps, based in Denver, Colo., is an employee-owned full-service construction manager and general contractor. The...
Manage fuel costs and implement employee controls with fleet cards.Identifying ways to reduce expenses and maximize workforce productivity is essential for business success in today’s state of recovery. For a construction business, fuel can be one of the most costly, overlooked expenses. To control...
Use these strategies when working with a lender to get the capital you need.Many companies need capital now to purchase equipment, and the good news is that some lenders are actively seeking new opportunities.The way a company presents itself to a lender is critical. Certain factors beyond a...
Is your business prepared?In 2010, a compliance audit by a government agency seemed improbable. But fast-forward to 2011, and the improbable has become commonplace in the construction industry. Now, the Department of Homeland Security (DHS), the Department of Labor (DOL) and the Internal Revenue...
Know the laws to survive an audit and avoid compliance issues.Contractors who work on publicly-funded projects must deal with many regulations, especially involving how they compensate employees. Some states even have their own regulations. Understanding which laws apply to which projects—and where...
Reduce hidden costs and increase profits with an effective HR program.It is pretty obvious that spending money on more efficient tools will improve productivity and put more money in your pocket. For instance, if you buy a nail gun for $300 that helps you earn $400 more profit by completing work...
Use these tips to find the right attachments 
and finish your jobs on time and on budget.In this economy, you must carefully weigh every equipment purchase. Choosing the right attachment for a machine may seem easy, but anxious buyers often make avoidable mistakes.“A lot of buyers make the mistake...
Discover why now may be the time to invest in used equipment.Buying used equipment can be a smart way to reduce investment costs and increase profit margins. And as a result of the down economy, a surplus of used equipment is now available.“We’re in a unique situation right now,” says John Poag,...