Your source for construction industry news in the Carolinas
The biggest threats to a firm are often predictable, preventable risks that leadership simply failed to plan for. Most A/E and environmental consulting firms don’t go out of business because somebody wakes up on a Monday morning and decides to destroy the company. Usually, it’s a series of seemingly manageable mistakes that accumulate until one…
In the construction world, few milestones feel as bold and ambitious as entering a new geographic market. For specialty contractors—especially electrical firms—geographic expansion promises access to more projects, stronger client relationships, and the allure of new revenue streams. But the truth is more sobering: most geographic expansions fail. Not because the idea was wrong—but because…
Our industry has been disrupted. The extent of the impact of COVID-19 will not be known for some time, but one thing is certain; the construction business will not be as usual. Finding the elusive strategic balance for leading your company and structuring for success is essential. As leaders we must adapt and adjust. The…
That may seem like a strange resolution for a contractor. However, it might be the best advice you ever receive. How many people do you think wake up in the morning and say to themselves, “I can’t wait to hire a contractor today?” If you do service work, it’s even worse. No one wakes up…
The current recession has placed tremendous pressure on the profitability of the construction industry, causing some contractors to even take work at below cost. This situation is easy to blame on the recession, but the underlying problems existed in the construction industry long before the recession. The hypercompetitive nature of the construction industry has existed…
