The strongest leaders at all levels in construction have a clear vision of where they are headed and are relentlessly focused on achieving their goals. They align their teams tightly around the vision, goals, and strategy. This may introduce risks.
Few things will enhance performance faster than deliberate practice, a rigorous feedback loop and enough cycles to build the competency. Here are the common challenges many people face.
“I can’t afford to invest more in talent development or process streamlining because we have a bunch of bad projects.” Contractors must invest for sustainability.
Growing contractors face an overwhelming number of problems and opportunities as they move through the different stages of growth. Prioritizing these, aligning the team, then executing becomes progressively more difficult and important.
No amount of accountability or compensation will create the competencies and capabilities required to deliver results. If your results are falling short, make sure that you are diagnosing the root cause correctly so you can design the best solution.
compensation managementMost new initiatives that contractors try often fall short of expectations due to poor management time allocation during start-up. We work with a lot of contractors and rarely see truly bad ideas or teams that truly can’t execute.
Contracting is a high-risk sport and the training of yourself, your managers and your craft labor should be as rigorous as a professional sports team. We are facing a massive shortage of critical talent yet most spend very little on talent development.
When contractors grow inefficient processes usually get substantially more inefficient dramatically changing the Return on Investment (ROI) model. Saving a few minutes over 1,000 cycles per month means $60K+ potential savings over a couple years.
Failures, mistakes and problems are part of every contractor’s business. What separates out high-performing teams is a relentless focus on learning from these problems then creating systems and training to mitigate them in the future.
Leaders must navigate (1) the stages of contractor growth, (2) the phases of management team development, and (3) the arc of their own career and life. Maintaining the right levels of leadership vibrancy leads to sustainable scaling and succession.
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