Associated Construction In 2018, industry changes significantly decreased profit margins. Then, the 2020 recession again threatened revenue. The successful 2018 strategy enabled Associated Construction to later minimize the impact of the 2020 recession and increase revenue growth in 2021. 2018 Initiatives Overall Business Focus Forecasting Processes Compensation Based on Read more…
Commercial Finishing Subcontractor Postponement of 45% of booked business during the pandemic threatened company profitability and overall viability. The company regained profitability, became a preferred vendor, and set themselves up for even greater post-pandemic growth. Survival and Growth Strategy Credit and Cash on Hand Human Resources Employee Management Client Relations Read more…
Presently, many articles say that the US economy is poised for rapid growth. The Federal Reserve has stated that it will keep interest rates low for the foreseeable future. Daily, the Biden administration announces new programs to raise taxes. These facts have conflicting impacts on the possible direction of long-term Read more…
How effective is your management team? Are they doing the right things at the right time? Successful companies focus on their most important business drivers and conduct pragmatic assessments on how well they perform them. Guided Discovery Top performance comes from a clear strategy and defined implementation steps – enabling Read more…
With the launching of the $1.9 trillion relief plan, economists are predicting a 7% GDP growth in the US for 2021. This is the largest GDP growth since the surge in 1983 and many industries are not prepared to meet a surge in demand. Economists also predict a surge in Read more…
“Uncertainty in the economy, society, politics, has become so great as to render futile, if not counterproductive, the kind of planning most companies still practice forecasting based on probabilities.” -Peter Drucker, 1995. It has been one year since we wrote the original piece on this topic. Today we are seeing Read more…
Herd Immunity or Business Activity Greatly Increasing? The first answer to the title is based on what you consider the end. If you are looking for full herd immunity in the US, estimates cluster around fall 2021. If you are looking for greatly increased business activity, estimates cluster around May/June Read more…
Bold planning for your post COVID-19 future For many of us, 2021 is an opportunity year. Research from McKinsey & Company illustrates how incremental planning for 2021 will cause your firm to underachieve in 2021. Here are three steps for your 2020 exit and a transformational 2021: Examine business units: Read more…
Time is of the Essence! With the number of COVID cases rising nationally, we are starting to see another wave of COVID mandatory shutdowns. It is critically important to plan for the shutdown on your business to preserve enterprise and shareholder value. With most businesses, this means implementation of loss Read more…