Definition of Sustainability

How sustainable is your construction business?

D. Brown Management Profile Picture
Share
Leadership Tools: Definition of Sustainability: The ability to be maintained at a certain rate or level.

Not your ability to build sustainable buildings, but the true sustainability of your business.

  • Are the market(s) that you are in stable or at least counter-cyclical to each other throughout various economic cycles?

  • Are those market(s) growing, stacking the cards in your favor that your company will continue growing?

  • Do your customers love you to the point where they keep coming back to you for projects?

  • Do you have good business development capabilities that will create predictable revenue growth?

  • Do you have good talent development systems, ensuring that your revenue growth does not exceed your ability to grow and retain leadership talent?  

  • Are you generating enough free cash flow to support your growth?

Sometimes, an outside perspective can be invaluable for helping assess and improve your sustainability. 

What does your scoreboard say?  




Cash Flow: Key Reasons Why
Cash flow is one of the 7 basic objectives of a construction project team and one of the 7 drivers of contracting business valuation.
Muhammad Ali - Pebble in the Shoe
Construction contracting is largely a game of operational excellence. Between the massive changes going on in the industry and daily operations it is easy for leaders and their teams to overlook the small opportunities for improvement every day.
Purchasing Impact on Construction Contractors
Productivity depends on having the right materials at the right time and for the right price. The impact of a contractor's purchasing systems, both good and bad, is compounded by supply chain problems.