The Cost of Being Lowest Bid
Why would a serious construction-related business owner want to be the lowest bid on a project?
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How to Have a Profitable Construction Business
You can’t focus on being competitive if you want to be profitable. You have to focus on profitability.
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Building a Successful Construction Business
I take many calls from contractors whose business is more like a low-paying job than a successful construction business. Some ask, “Is it even possible in today’s economic climate? Can my business make money?”
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Making Money or Keeping Busy?
When everyone but your family benefits from your business, it’s time for a reality check.
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Can You Be Both Competitive and Profitable?
You can be competitive, or you can be profitable. You can’t be both.
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Low-Value Jobs
I read many articles on the construction industry looking for, among other things, information on how the construction industry is doing and what we can expect in the immediate and near future. One statistic that always interests me is the size of the average remodeling job.
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It’s Time to Stop Being Superman
In every business, some things we do eat into our profitability. Do you run your business or does your business run you?
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Making Money, Losing Money or Breaking Even, what now?
Last week we discussed knowing where you stand financially, whether you are making money, losing money, or breaking even. What now?
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Making Money, Breaking Even, Losing Money
This is the criteria I use to tell if a company is making money. It isn’t the only measure, but it’ll give you an idea of how your business is doing.