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Weekly Construction Messages
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Let’s Make Money
May 16, 2024 | Built Environment, Financial Management and Risk, Leadership, Leadership, Weekly Construction Message
The purpose of business is to make money. "Making money", however, means different things to different people. To an employee, for example, it means to have a job and get paid a wage. To an owner, on the other hand, it means to realize a reasonable return on your...
Dead Reckoning
May 9, 2024 | Built Environment, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Growth, Growth, Leadership, Weekly Construction Message
Anyone who has owned a boat has heard of dead reckoning. Dead reckoning is the process of calculating the current position of a moving object by using a previously determined position, or fix, and incorporating estimates of speed, heading (or direction), and elapsed...
Evolution
May 2, 2024 | Built Environment, Business of Construction, Organization Transformation, Weekly Construction Message
Most contractors succeed without a formal strategic plan. So, why am I always banging away at strategic planning? Evolution. --- Let me explain.No Plan NecessaryThere are over one million construction businesses in America creating more than $2 trillion worth...
When Data Becomes Information
Apr 24, 2024 | Business, Strategic & Project Planning, Growth, Growth, Weekly Construction Message
As we discussed recently, UConn basketball coach Dan Hurley used strategic analysis to defeat Purdue in the national championship game. His example should clear up any confusion about the word "strategic". All analytical thought toward a well-defined objective is...
Strategic Magic
Apr 18, 2024 | Built Environment, Business of Construction, Growth, Growth, Weekly Construction Message
UConn is neither the biggest nor the most prestigious college in the Big East Conference, yet they have just won the national basketball championship for the second time in two years. What is perhaps even more remarkable is that this comparatively mid-size school has...
We Interrupt Our Regular Programming…
Apr 11, 2024 | Built Environment, Business of Construction, Labor & Labor Issues, Labor & Labor Issues, Weekly Construction Message
...to bring you this bulletin: A solution to the construction industry's shortage of skilled labor has been found... According To The Wall Street Journal... "Of all the decisions that 18-year-olds can make about their future, one is becoming more popular: going to...
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