Practical business management guidance for construction owners—operations, leadership, growth strategy and the day-to-day decisions that run a company.
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 which projects are working.
Editor’s Note: This is the sixth 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, growing business. To read the previous article, click here. To read the next article in the series, click here. I grew up in a home where my dad was an entrepreneur. He owned, managed, built and developed mobile home parks. He worked hard, lots of hours and often from his home office. After graduating from high school, I attended the University of Southern California (Go Trojans!) so I could play on the water polo team and get a civil-structural…
Editor’s Note: This is the eighth in our 2009 series, “Earn More, Work Less.” To read the previous article, click here. I recently read a newspaper article that identified the challenges facing a construction company trying to do business in today’s economy. In California, total unemployment is predicted to reach 12 percent or more in 2010. Construction unemployment is almost double that sad statistic. But the monthly statistics that astounded me were construction permits issued in the state. Commercial construction permit dollar volume was down 66 percent, and residential permit dollar volume was down 75 percent since the peak years of 2005 through 2007. This past year, I have repeatedly heard similarly shocking sales figures from national companies that supply construction materials such as cement,…