14 Principles for Creating Value

We see these principles applied frequently within profitably growing contractors.

D. Brown Management Profile Picture
Share

Most of the problems we see are due to a breakdown in the application of these principles.

Leadership Tools: 14 Principles for Creating Value in Business, on Projects and in Life.

Have a clear vision. Know your resources and that there are many ways to get there, but none are perfect.

Learn from others. Often with conflicting perspectives engaging in rigorous debate.  

Develop a pragmatic forecasting model early and refine it frequently with S.M.A.R.T. experiments to understand the resources required, returns, and risks.  

Zoom out to see the bigger picture, including synergies, redundancies, and comparative value-add.  

Keep things simple.  

Be clear about who is best to decide what and by when.  

Commit fully to execute aggressively and optimistically with discipline and the stamina to stay the course.  

Track progress and adjust accordingly.


In future posts, we will continue to unpack each of these principles and provide more details.  

We help contractors grow profitably by keeping pressure on your vision. 




Laws Control the Lesser Man
Growing construction businesses need processes and accountability systems the same way society needs laws, police, courts and jails. As a contractor starts growing leadership needs to put some processes in place to keep things running smooth.
Issue 9 of 9: Low Barriers to Entry
Construction Ownership Transition Issue 9 of 9: There are Few Barriers to Entry for New Contractors. About 500 construction contractors start up each day. In most cases, a new contractor starting up will cause a serious talent drain and add competition.
Leaders Developing Others
Having clear goals is critical but leadership is 99.99% about the journey and developing the team of people you take the journey with.