Making a Contractor Less Risky

It is often hard for the owners of contracting businesses to think of themselves as separate from those that are managing the daily operations.

D. Brown Management Profile Picture
Share

Making this shift in mindset along with putting the right controls and talent development systems in place will unlock a lot of value in the business while decreasing risk.

Leadership Tools: Lower Risk and Increase Value. The Right Basic Control and The Right Management Team.

There are two major things that will control risk and variability for the ownership:

  1. Develop the right levels of controls that provide reasonable capital protection for the ownership while allowing the management team the flexibility necessary to operate the business.  
  2. Develop and retain the right talent on the core management team to deal with all of the inevitable problems that will arise.

Ensure that your business grows smoothly through the next cycle of growth.


Contact us to learn more about our approach to preparing contractors for sustainable growth and succession




Winning Projects - The Early, Middle, and Late Game
Successfully winning projects starts with knowing all phases of the game. All contractors participate in the "Late Game." Playing the "Early Game" effectively positions contractors to win more frequently, with better pricing, and better terms.
Incentive Compensation for Contractors - Union vs Open
The wins of a great incentive program tend to be the same for both union and open shop employers. The wins not only include retention of the employees that you already have, but recruitment of new employees.
Resource - The First 90 Days (Navigating Job Role Transitions Effectively)
Mastering job role transitions is a critical capability for a growing contractor and for individuals. Transitions include promotions, joining a new company, joining a new project team, or same job role but at a different stage of growth.