Expert Columns: Page 119

How Outstanding Change Orders Impact Your Numbers

The Contractor's Business Coach

Change orders can mess with project budgets and financial reviews so track your change orders and allow for adjustment of the numbers to help manage them

You must adjust your budgeted work volume and budgeted hours in accordance to the authorized change orders.

Why Contractors Should Be Profit Not Volume-Driven

Construction Business Coaching

Contractors should become profit-driven instead of volume-driven to help improve the bottom-line

Profit-Driven construction company owners and managers focus on profitable projects, customers, and services. These give you a high return on your assets, time and energy.

Set the Right Training Priorities

Detmer Consulting Inc.

Product knowledge is vitally important in your employees, but so are many other attributes that are often forgotten in equipment rental training programs.

Safeguard Your Business in 2014

GB Financial Services, LLC

Construction firms will face headwinds in the New Year. Take control now to protect cash flow.

Are You Networking With The Right Groups

The Contractor's Business Coach

Networking with the right groups of people includes going where your clients are not waiting for them to come to you

Network both where your clients are (their professional organizations) and where they are networking (events held by their clients).

You Can't Do It All Yourself - Incorporate Written Systems

Construction Business Coaching

The beauty of written systems is not having to worry about every little detail all the time

Outline each system on one piece of paper, written or drawn detailing a picture of the end result desired to meet your company, customer or project specification.

Recognize the Risks Before You Grow

GB Financial Services, LLC

A new year can bring new opportunities, but it’s important to identify and plan ahead for the risks that can come with them.

How Healthy Is Your Perspective?

Detmer Consulting Inc.

My customers are more than “cautiously optimistic” about the state of their companies. Still, the sentiment is a far cry from “irrational exuberance.”

SWOT Your Business

The Contractor's Business Coach

SWOT's (strengths, weaknesses, opportunities and threats) purpose is to clarify the internal and external forces that shape your business' future

A SWOT analysis is a vital first step in building a viable strategy for growing your business. It sets the stage for your strategic decision making.

Start Every Project On Target

Construction Business Coaching

Before you start a project review the job, set project goals and develop a plan to finish the project successfully

Start every project with a plan for success, and communicate that plan to all team members involved.

Put Together Your Business Agenda

GB Financial Services, LLC

With 2013 winding down, evaluate what you need to capitalize on current market conditions.

Know When to Walk Away

The Contractor's Business Coach

Knowing when to walk away from construction projects that could lose you money can help grow your bottom line

Pursuing losing projects is far too common mistake construction contractors make, and it can end up putting them out of business.

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