Expert Columns: Page 119

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).

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Caterpillar

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Cat® Soil Compactors: Quality Results Made Easy

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.

White Hat Bias

Pavement Coatings Technology Council (PCTC)

White Hat Bias was recognized as a set of preferences that lead to non-neutral decisions and actions by scientists resulting in “distortion of information in the service of what may be perceived to be righteous ends.”

Too Busy to Train?

Construction Business Coaching

Your company goal should be to provide 40 hours of training per year for every employee

Providing 40 hours of training per year for every employee would require a total cost less than 2% of your payroll cost, and your return can be a 5%e to 10% improvement in bottom-line productivity.

Where Is Construction Heading?

GB Financial Services, LLC

The outlook for the future is positive, but there are potential pitfalls ahead.

Managing Your Project Backlog

The Contractor's Business Coach

Six tips to help manage backlog, reduce stress and produce a healthier bottom line

Manage your backlog through cold calls, relationship maintenance, knowing the going rate for work, following up after bids, knowing when to slow down on bids and monitoring time delay between bid and mobilization.

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