Construction Business Owner, September 2007
Editor's Note: Following is part four of our eight part series called "Better Next Year," by Fred Ode, CEO, chairman and founder of Foundation Software. It's a common problem shared among busy construction owners—working hard to manage all the details of their jobs leaves little time to tell...
Amidst a sea of policies, procedures, tactics and best practices, one of the most critical tools an organization must have in place is a credible performance evaluation system that will serve to increase productivity and efficiency, improve customer satisfaction and market share and increase...
Editor's Note:  This is the ninth 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...
Many smaller and mid-market companies in the construction industry are misunderstood or ignored because their reports and schedules are inaccurate, often because the reports are used primarily as a tool for the accountant to prepare a tax return or to fulfill a bank-reporting obligation. But...
Q:I exited the corporate world a year ago to enter the construction world as a residential general contractor.  My goal is to grow an organization so successful, I’ll be able to pack up a work crew and head to a needy area in another country for a few months to build schools, churches,...
Q:I am having trouble finding a way to get my accounting software to handle retainage.  Because our reports don’t show retainage, my accountant says it appears as though we have past due receivables or we are not billing properly. We currently track retainage in a separate spreadsheet and...
In the construction industry, equipment and machinery are essentially your business.Without the proper equipment, it would be nearly impossible to get jobs done with efficiency, craft and care.For all types of construction, the goal is to complete projects in accordance with plans and...
There’s good news for employers who find themselves torn between the affordable worker and the practiced employee. As it turns out, many construction-industry job seekers are coming to understand the effects of rising healthcare costs. The result: They are placing more emphasis on qualitative...
Editor's Note: In the July article "Project Management 101," a successful project plan was broken down into nine components. This article focuses on No. 8, the risk assessment and response plan. To read the previous article, click here.People manage risk in a variety of ways—some do so in a highly...
Most small businesses require equipment in order to operate, from computers to furniture to fleet cars, but simply don’t have many funding options.Aside from internally generated cash flow or credit lines, businesses interested in acquiring equipment require other choices for financing their...
"Negotiation" defined is a "discussion aimed at reaching an agreement"-which is not always the simplest of tasks. Following certain guidelines is helpful to develop better negotiation skills for more productive discussions. A method to use for optimum give-and-take is principled negotiation. ...
If you have a toxic-looking office in a scary part of town, you probably won't have many people stopping by to say "Hi." The same is true of websites. Some companies have websites, but they don't get many visitors, and often those who visit leave quickly. In other words, some websites just don't...
With fewer construction companies competing for work in a still healthy construction market, opportunities to expand market share are within reach for some.The problem for many contractors, however, is they cannot take on larger projects unless they increase their bonding capacity. Unfortunately,...