Definition of Sustainability

How sustainable is your construction business?

D. Brown Management Profile Picture
D. Brown Management
March 8, 2019 1 minute read
Share
Leadership Tools: Definition of Sustainability: The ability to be maintained at a certain rate or level.

Not your ability to build sustainable buildings, but the true sustainability of your business.

  • Are the market(s) that you are in stable or at least counter-cyclical to each other throughout various economic cycles?

  • Are those market(s) growing, stacking the cards in your favor that your company will continue growing?

  • Do your customers love you to the point where they keep coming back to you for projects?

  • Do you have good business development capabilities that will create predictable revenue growth?

  • Do you have good talent development systems, ensuring that your revenue growth does not exceed your ability to grow and retain leadership talent?  

  • Are you generating enough free cash flow to support your growth?

Sometimes, an outside perspective can be invaluable for helping assess and improve your sustainability. 

What does your scoreboard say?  

A Typical Project - Project Profitability and Understanding the Basics
It is crucial for everyone in a construction company to understand the financial basics of a project. Contractors have razor-thin profits and relatively high risk.
Related Article
Our Mission
We exist to help contractors build stronger businesses for the next generation by leveraging talent, technology, and capital through alignment and transparency.
Related Article
Situational Awareness - 5D Project Model
5D is not just for BIM! The best project team members have a complex 5-dimensional model of the project in their heads at all times. They see not only the finished product in 3D but can take that model apart down to the components of each system.
Related Article