Plan Ahead, Adjust Early, and Accelerate Recovery

Construction in any given industry sector or geographical area is a cyclical business.

D. Brown Management Profile Picture
D. Brown Management
April 9, 2018 1 minute read
Share
Leadership Tools: Plan ahead, adjust early, and accelerate recovery.

There are four major levers a contractor can pull to ensure the business performs well throughout all economic cycles. 

  1. Diversifying across several counter-cyclical industry sectors and/or geographies.  
  2. Focus on cross-training core team members so they are agile enough to move between types of projects and even geographies as the market changes.  
  3. Develop aggressive and effective business development capabilities to be able to swim upstream like a salmon.  
  4. Build strong forecasting capabilities to be able to see a market softening well in advance and to act upon that quickly.  

Developing the people, processes, tools and discipline required to forecast out 18-24 months always makes teams stronger.  Exercising teams to really think through what would happen if either their business doubled or halved in the next 18-24 months it makes them more prepared for either. 

Schedule a meeting with our team to learn more about how we help contractors accelerate profitable growth  

Contractor Exit Strategy 4 of 6: Merger with a Similar Contractor
Contractor Exit Strategy 4 of 6: Merging with a contractor that has a complementary market position and management team can be both a great exit strategy as well as an effective growth strategy.
Related Article
Contractor Growth Cycles and Decision Points
As contractors grow, they must make decisions and changes around five key areas. At these decision points, they may be experiencing some or all of the eight typical symptoms including stress, customer complaints, and inconsistent growth.
Related Article
Advanced Business Development for General Contractors
Finally, a resource designed specifically for Senior Management in the construction industry. This workshop will help explain the “Art and Science of Business Development” and what you can do to maximize the processes you already have.
Related Article