Month: March 2022

When Your Construction Business Is Family Business

She’s daddy’s little girl. And she always will be, even after she becomes a shrewd construction business strategist. After years of mentoring her, it’s time to ensure your legacy will continue to thrive. Construction Business Succession Planning Most of us don’t think about retirement while we’re young, but we should. And we know we should …

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Construction Industry Feb Starts: We Get By With a Little Help From Our (Manufacturing) Friends

The total construction industry starts increased nine percent in February 2022. The new construction of three “large manufacturing facilities” boosted nonresidential building starts up 32%. Without the large manufacturing projects, total construction would have declined six percent in February, according to Construction Business Owner magazine. The manufacturing facilities are: $10 billion – Intel chip fabrication plants/Chandler, …

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Construction Labor Shortage

The construction industry will need to attract nearly 650,000 additional workers on top of the normal pace of hiring in 2022…-Construction Business Owner Home Depot plans to hire 100,000 sales associates by Spring 2022. If this seems optimistic, examine some of the incentives the mega-company plans to use: 401(k) savings plan w/company match Accelerated hiring – 24-hour or …

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What We’ve Learned: COVID and the Construction Industry

Maybe, just maybe, this viral string of pandemics is over, at least for this decade. Construction industry businesses continue to do damage control. If you believe everything happens for a reason, one of the key takeaways from this experience is: we learned ways to improve the way we work. Construction Industry Communications and Data Management Preventing …

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Inflation Will Continue to Impact Construction Industry

There was a comedienne whose catchphrase was, “It’s always something.” We are cautiously optimistic that the pandemic will be something we can someday tell our grandchildren about. But you might need to take your mask off to blow-up balloons today because the construction industry is dealing with inflation. 9 Ways To Manage Your Construction Industry …

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Will War Affect Construction Business in 2022?

Another war, another continent, and heartbreaking challenges to populations in both countries. While the Kremlin tries to hide the reality of its actions from Russians, it can’t hide the solid blow its economy has suffered. The casualty count in Ukraine continues to rise. Here in the United States, construction business owners brace themselves for the …

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SOSDCB: Same Old Services, Different Construction Business

“Affordable.” “Dependable.” “Effective and efficient.” “The best.” “We care.” Does any company within any industry in the United States ever say otherwise? Have you ever seen a blog or website that reads: “We’ve been late a few times, but it really wasn’t our fault,” or “We have to price our construction business services higher than …

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