Management Solutions
Tough Economic Times Call For New StrategiesSeptember 2008
Many of us learned about SWOT analysis in college. The acronym stands for strengths, weaknesses, opportunities, and threats. Since the key to superior performance is alignment of a firm’s internal strengths and weaknesses with the opportunities and threats it faces, this process is essential for every entity to perform periodically. ... Read more
Communicating With a Bond Company
September 2008
Certified public accountants (CPAs) have many positions and strategies to help contractors become best of class and manage successful businesses. No matter what the industry, communication will be a cornerstone in a company’s success. Many contractors regularly use their surety line, while others obtain a bond once in a while. Still other contractors... Read more
How Do You Avoid Collateral Damage?
September 2008
Contractors Share Their Tips Collateral damage can cause productivity to plummet. It can destroy jobsites, dismantle a crew, and ruin a bottom line. Collateral damage is unexpected and unwanted, but it isn’t unpreventable. Having the right equipment, the right people, and sound strategies are all ways to exclude collateral damage from a contractor’s... Read more
Financed Equipment Insurance
September 2008
Most capital equipment acquisitions are obtained via a financing vehicle. Traditionally, that vehicle takes the form of either a bank or finance company that originates the lease or loan. A routinely overlooked element of every equipment financing transaction by a company is the mandatory expense associated with the insurance requirements of the lessor... Read more
The Family Business: Bigger Is Not Always Better
September 2008
A few years ago, awarding construction jobs went like this: Big jobs went to big companies; small jobs went to small companies … or big companies. But that is no longer the case. Innovations in technology have assisted in leveling the jobsite playing field. By investing and becoming proficient in around-the-corner surveying and... Read more
