Bulletin Board Magazine 2021 Volume 3

Future Market Continued Accumulate these minutes across a workday, a week, a month and a fiscal quarter—then monetize them and the results should be a bonus to the production capability of your construction company. If you believe that the last 18 months have been rough on your businesses performance, dissect exactly how they impacted your results. If you are still standing, that means you have done many tasks well. If you are a little bruised and battered, you now have an opportunity to improve. Do not chalk up the financial results as a loss to COVID-19, but rather, take a deep dive into them and understand how certain factors changed your results. Be specific in identifying them inside a project. Exactly which area was delayed? Was it a delivery issue or a staffing issue? Identify the root cause. This will allow you to then develop a plan to combat it in the future.

What changes can be made so that your company grows? Even from losses, good management can produce a future benefit that will in turn produce a positive impact. Solicit ideas and best practices from key employees so that a new playbook is available for your company. Good businesses adapt; great businesses grow and thrive when faced with adversity. Create a work environment that rises to the challenge.

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