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  

Four Stages of Learning a New Skill
It is impossible for any of us to know what we don’t know. This is the stage where we all start when learning a new skill. Understanding all four stages is invaluable for self-development and especially so for the training and development of others.
Related Article
Aligning Strategic Market Choices and Project Delivery Methods
Choosing which market(s) to compete in and which to avoid are the most highly leveraged decisions the leaders of construction businesses make. Integrated with those is choosing the optimum project delivery method(s) to focus on.
Related Article
Foreman - Four Sometimes Competing Responsibilities
No other position in the construction industry has a bigger impact on field productivity than the Foreman who is leading the crew on front-line. There are four major responsibilities the foreman has that often seem to be competing with each other:
Related Article