Issue 9 of 9: Low Barriers to Entry

Construction Ownership Transition Issue 9 of 9: There are Few Barriers to Entry for New Contractors.

D. Brown Management Profile Picture
Share
Succession: Ownership Transition Issues - Number 9 Barrier to Entry. Don't Let an Ownership Transition Create Another Construction Contractor to Compete With You.

About 500 construction contractors startup each day.  

  • Many of those are just people having an “entrepreneurial seizure,” as Michael Gerber describes in The E-Myth Contractor.  
  • A few of these will have the grit and skills to build the ENR Top 400/600 contractors of tomorrow.  
  • Others are experienced construction executives who will go on to build substantial construction businesses relatively quickly.  
  • In most cases, a new contractor starting up will cause a serious talent drain on the contractor they leave as well as changing the competitive landscape.

Make sure that your ownership transition plans don’t create another competitor.  


Succession
Continue building value in your business, yourself and your key team members with a good succession strategy....

Succession
Continue building value in your business, yourself and your key team members with a good succession strategy....

PDCA - Field Productivity
Improving field productivity in construction is exceptionally challenging. It must be embraced as a journey and not a destination. It must be made into a game so that people clearly see what winning looks like and fall in love with the process.
Production Tracking - The Basics
Schedule + Production are two foundational key results the Foreman will achieve through their planning. The heart of any production measurement is simply “Earned Budget vs. Actual Cost”.
Managing Dependencies and Grow Profitably
As projects and contractors grow in complexity it becomes increasingly more difficult to manage all the dependencies between tasks.