Four Steps to Sustainable Growth (10+10=0)

All contractors go through different stages of growth.

D. Brown Management Profile Picture
Share

 

Leadership Tools: 10 + 10 = 0

Growing contractors face an overwhelming amount of problems and opportunities as they move through the different stages of growth. There will never be enough resources to work on all of them, especially with the shortage of talent facing the construction industry.  

"Give me six hours to chop down a tree and I will spend the first four sharpening the axe."

Abraham Lincoln

The equivalent for the leadership teams of growing contractors is to spend a significant amount of time truly identifying the #1 bottleneck or opportunity in their entire value stream.  Then breaking it down into an actionable objective with key results that everyone can align around rather than a broad vision.   

This seems simple but in reality is VERY challenging, especially as a business grows. This is an area where experienced 3rd parties can add significant value because they don’t have all the biases that are inevitable with management teams who are looking at the myriad of problems and opportunities every day.  

Learn more




Contractor Exit Strategy 3 of 6: Strategic Sale to an Outside Buyer
Contractor Exit Strategy 3 of 6: Strategic Sale to an Outside Buyer. This is what every contractor wants, however, only a small percentage of deals truly fit into this category.
End of Easy
Don’t give up just when the going gets tough, that should be your starting point. Know that most others have given up at this same point, so success and competitive advantage is probably just around the corner from when things begin to get tough.
Multipliers for Success at All Levels
As a leader in the construction business, you can think about success in three broad areas.