All contractors can benefit from a comprehensive year-end planning process that will enable them to influence the current year-end results and start to implement the appropriate changes for the coming year. The process should incorporate a mix of tax planning strategies and operational changes that will allow the contractor to retain his hard-earned profits and ensure future success. This year’s planning process is especially critical due to the raising tax rates currently expected in 2013 and the deficit problems that are causing cuts in federal and state spending, a situation popularly known as the “fiscal cliff.“ Continue »
Typically, disruption in the workplace is counterintuitive to productivity. But in terms of creating innovative ways to manage people, processes and technology, the concept of “disruption” isn’t such a bad thing for the construction industry. Change is stirring whether contractors are ready for it or not, and firms that have adopted new ways of managing scheduling and workflows are seeing stellar results—earning the accolades of repeat projects for key clients, as well as happy project partners.
The business world today has embraced the benefits of social media, and many companies successfully use a variety of social channels for everything from customer relations and promotions to thought leadership and even sales. And social media itself has evolved from the early adopters who often used different channels to playfully share pictures of what they were having for lunch. Continue »