The importance of time in the construction business
“Time is money” is a famous saying that is true for any business, especially the construction industry. This saying is an old cliche that everyone has heard of at least once in their life. But it’s true for every business. As an owner, you can’t afford to slow down. Improving decision-making processes can save time […]
The construction industry and cybersecurity
The construction industry is a lucrative industry with massive project budgets being established regularly. This naturally makes them a target for cybercriminals. And the construction industry provides access through more than one access point. Also, some businesses in the industry aren’t focusing on cyber threats and they lag when it comes to executing digital security […]
Construction, Business, and the Government
The construction industry plays a distinct role in the economic growth of a country. It provides the basis upon which other sectors can grow through the construction of structures and facilities that is needed for the production and distribution of other industries’ products and or services. The construction industry also has great employment-generating potential for […]
How to find your Business competition
But in the world of business, especially in construction, a competitor is not inherently a bad thing. Having a competitor is unavoidable and beneficial to the growth of the business. Knowing who your competitors are will help you understand where your company stands in the market. It will help you understand the environment your business […]
Investing in Construction in 2020
The construction industry is more than just a person with a hard hat hammering away at a nail. It’s more than just painting the walls or flooring a house. There are many complex components and companies involved in the industry as a whole. The industry encompasses everything from the stage of planning the build to […]
How to strengthen business engagement and partnerships
Partnerships are beneficial for any business. Whether the partnerships be between suppliers, contractors, resellers, or even outsourcing companies the relationship your business has with them has immense value. But fostering that relationship with other companies is extremely beneficial to you because they can help expand your client base with a new targeted audience or demographic, […]
How to find the right leaders for your business
Executives and CEO’s know that one of their main tasks is finding the right candidate for the succession in management. They are naturally aware that the process of finding the right candidate is not straightforward or even simple. They fully understand that it is a complex situation and requires a worker with a multifaceted ability […]
The value of talent in business and how to find them
The most talented employees do the most and best work but many businesses fail at finding and retaining them. But why is talent important and valuable to any business?According to the book Leading Organizations by McKinsey senior partners; Scott Keller and Mary Meaney, superior talent is up to eight times more productive. Some studies have found that […]
5 common business contract risks and how to avoid them
Types of Contract Risk Contracts are legally binding agreements between two or more concerned parties that move through a set lifecycle. A well-structured business model canvas can prevent contract misalignments and clarify your value streams. Many businesses have to deal with a mountain full of contracts on a daily basis and at times some contracts […]
4 questions you need to ask about your supply chain
The supply chain is the entire system of organization or process of producing and distributing goods to its consumers. The management of the supply chain is critical to any business because it can reduce the cost of operating and increase your customer satisfaction. The proper management of the supply chain can also reduce the cost […]