The Secrets to Construction Business Success

English | 2021 | ISBN: 1032135107 | 281 pages | True PDF | 19.73 MB
With a daunting industry-wide business failure rate, construction professionals need to manage risk and finances as effectively as they manage projects and people.The Secrets to Construction BusinessSuccessempowers contractors and other professionals to defy the long odds threatening their stability, growth, and very survival. Drawing on the authors' more than eight decades of combined experience turning around failing firms, this book provides a masterclass in structuring, managing, and futureproofing a construction business. Chapters on measuring and responding to dips in revenue equip executives to recognize and respond to the warning signs of financial distress while chapters on succession planning ensure that organizations survive their founders' departures. Sample documents and tools developed for the authors' consulting practice offer field-tested solutions to organizational structure, forecasting, and accounting challenges.