"Economy" Posts
Thriving in this Recession
By Dec 17, 2010
Proactive business owners thrive while reactive owners struggle
Despite the public perception that the economy is in a downturn, many contractors are thriving and turning strong profits. That’s because these owners spend their time managing “the business of the business” rather than just overseeing individual construction projects. By doing so, they more easily adapt to fluctuating economic conditions that can wreak havoc on performance, productivity and profits.
Managing the business of the business involves knowing, understanding and acting on a set of critical variables that defines success (profitability) or failure (losing money and eventually closing one’s doors). By doing so, …
