Secrets to Construction Business Success

Häftad, Engelska, 2021

Av Thomas C. Schleifer, Mounir El Asmar

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With a daunting industry-wide business failure rate, construction professionals need to manage risk and finances as effectively as they manage projects and people. The Secrets to Construction Business Success empowers contractors and other professionals to defy the long odds threatening their stability, growth, and very survival. Drawing on the authors’ more than eight decades of combined experience turning around failing firms, this book provides a masterclass in structuring, managing, and futureproofing a construction business. Chapters on measuring and responding to dips in revenue equip executives to recognize and respond to the warning signs of financial distress while chapters on succession planning ensure that organizations survive their founders’ departures. Sample documents and tools developed for the authors’ consulting practice offer field-tested solutions to organizational structure, forecasting, and accounting challenges.A steady source of guidance in an industry with few constants, The Secrets to Construction Business Success makes an invaluable addition to any industry leader’s library.

Produktinformation

Utgivningsdatum2021-12-13
Mått156 x 234 x 19 mm
Vikt412 g
FormatHäftad
SpråkEngelska
Antal sidor282
FörlagTaylor & Francis Ltd
ISBN9781032134734

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Thomas C. Schleifer, PhD, is a turnaround expert and the founder of the largest international consultancy firm serving the contract surety industry. He was also an Eminent Scholar at Arizona State University’s Del E. Webb School of Construction. He joined the construction industry at age 16 and has amassed more than 60 years of experience. This combination of practical, hands-on experience as a contractor and assisting financially distressed companies has given Dr. Schleifer a unique perspective on the causes of business failure and how to avoid them.Mounir El Asmar, PhD, is Associate Professor at Arizona State University’s Del E. Webb School of Construction and Co-Director of the National Center of Excellence on SMART Innovations. His non-traditional background in civil engineering, mechanical engineering, construction, economics, and business, provides him with an understanding of a variety of facets imperative to advancing today’s engineering and construction industry. Dr. El Asmar’s work has supported decision-making for governments and private organizations in the U.S., Canada, Europe, and the Middle East.

Chapter 1. The Basics of Construction Business SuccessChapter 2. Organizational StructureChapter 3. Business PlanningChapter 4. Flexible OverheadChapter 5. Using Financial DataChapter 6. Measuring Financial RiskChapter 7. Financial Distress – Turnaround ManagementChapter 8. Recognizing and Managing RiskChapter 9. Entering New MarketsChapter 10. Project SelectionChapter 11. Managing Subcontractors and EquipmentChapter 12. Customer ServiceChapter 13. Construction Industry ConsolidationChapter 14. Construction Industry ConsolidationChapter 15. The Construction Company LifecycleChapter 16. Succession PlanningChapter 17. Professional Development