ENGLISH

The Secrets to Construction Business Success

By Thomas C. Schleifer , Mounir El Asmar

Book information

Publisher
Routledge
Year
2021
ISBN
1032135107, 9781032135106
Language
english
Format
PDF
Filesize
20 MB (20689918 bytes)
Edition
1
Pages
312\281
Time added
2021-10-24 05:10:46

Description

With a daunting industry-wide business failure rate, construction professionals need to manage risk and finances as effectively as they manage projects and people. The Secrets to Construction Business Success empowers contractors and other professionals to defy the long odds threatening their stability, growth, and very survival. Drawing on the authors’ more than eight decades of combined experience turning around failing firms, this book provides a masterclass in structuring, managing, and futureproofing a construction business. Chapters on measuring and responding to dips in revenue equip executives to recognize and respond to the warning signs of financial distress while chapters on succession planning ensure that organizations survive their founders’ departures. Sample documents and tools developed for the authors’ consulting practice offer field-tested solutions to organizational structure, forecasting, and accounting challenges. A steady source of guidance in an industry with few constants, The Secrets to Construction Business Success makes an invaluable addition to any industry leader’s library.   Cover Half Title Title Page Copyright Page Dedication Table of Contents List of Figures List of Tables Preface PART I: Structuring a Construction Business 1 The Basics of Construction Business Success 2 Organizational Structure 3 Business Planning 4 Flexible Overhead PART II: Financial Planning 5 Using Financial Data 6 Measuring Financial Risk 7 Financial Distress – Turnaround Management PART III: Managing the Business 8 Recognizing and Managing Risk 9 Entering New Markets 10 Project Selection 11 Managing Subcontractors and Equipment 12 Customer Service PART IV: Setting Up the Business for the Future 13 Construction Market Cycles 14 Construction Industry Consolidation 15 The Construction Company Life Cycle 16 Succession Planning 17 Professional Development Answers to the Review Questions Index

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