Navigating A Common Growth Challenge

If you have grown your company from the ground up, then you know how to build your projects. You have been successful because you and your team know your trade, and you have mastered “managing by walking around.”  You closely monitor bidding; you continually visit the projects; you quickly direct actions to make corrections and to take advantage of opportunities.  We call this Stage 1.

 

"Management by walking around" has served you well during the initial stages, but as your company continues to grow, it becomes increasingly difficult to personally oversee every aspect of each project. This signifies the transition to Stage 2 has begun.  Unfortunately, many companies fail to navigate this transition from Stage 1 to Stage 2.  Eventually, the company faces a pattern of losses on projects, overall financial losses, delayed payments, and strained relationships with financing and bonding partners.

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This transition often coincides with the passing of the reins from one generation to the next, and while the generational shift is sometimes blamed for failure, the generational shift cannot be successful without development of the support systems needed to accommodate growth to Stage 2.
 

When your company reaches Stage 2, it's crucial to adopt a new approach that allows you to swiftly identify challenges and opportunities. "Managing by walking around" must be replaced by a more structured approach of "managing with information and systems."
 

We specialize in guiding companies through this critical transition. We understand the unique demands and complexities that arise during Stage 2 growth. Our expertise lies in helping you build the necessary support systems and efficient management practices that will enable you to effectively respond to the challenges and capitalize on the opportunities that come with your company's expansion.
 

With our guidance, you can confidently navigate the path from Stage 1 to Stage 2, ensuring the long-term success and sustainability of your construction business.

 

Let Construction Profits be your trusted partner on this transformative journey.