Speaking the Same Language: Part 1
Machine to machine, process to process, result to result. In almost every business or industry, meaningful comparisons and evaluations can make the difference between...
Avoid the Family Owned Business Blues
Managing a business is tough, but running a family owned construction contractor business is even tougher. Internal conflicts, family matters, business concerns, and ownership...
When to Rent, When to Buy
Not long ago, purchasing compact equipment wasn’t financially viable for a number of construction contractors. Commercial and residential projects dried up, cash reserves were...
Tier 4 Directive
Considerable buzz has been around for some time as to Tier 4 requirements for diesel engines. Let’s start with the question: What is Tier...
Payment With A Smile
For distributors in any industry asking customers to pay their invoices is often the least enjoyable part of the business process. However, while the...
The Drive to Win
Forget tough. Today, competition is fierce. And although the construction contracting business has been challenging, it’s time to take steps and implement actions to...
Construction Contracts: Part III
In parts I and II of this article, we focused on specific “best practice” contract terms that well-drafted construction documents should address. Ultimately, it...
Ending Business As Usual: Being free from unwarranted construction cost overruns
As the economy has picked up, so has construction in New York City. In fact, development on many new construction projects in and around...
Working Capital: Factoring supports contractor growth as U.S. construction ...
According to FMI Corporation’s Q1-2013 Construction Outlook Report, construction spending in the U.S. is projected to reach $1 trillion in 2015. In fact, the...
Where's The Money?
Stopping embezzlement in audit trail.
When I present The 90-Minute MBA® in a seminar, I ask those who are business owners or managers to raise...