Successful Implementation of Management Technology Requires Strategizing
While management technology has demonstrated itself to be of great use in the construction sector, it does bring with it new challenges. “Data and workflow hitches are hampering project management processes and creating chaos for project executives,” explains a new article from Construction Dive. Understanding and adapting your organization’s workflows is the key to successfully …..
Construction Businesses Need New Strategies for Employee Recruitment and Retention
Labor shortages in the construction industry are requiring companies to develop new expectations and strategies surrounding recruitment and retention, writes Stephen Angel in a recent article for Construction Executive. Construction businesses are dealing with competition both from within their industry and without. Angel recommends that contracting companies seek to increase stability, flexibility, and career advancement …..
Seeking a Secure Future for Your Construction Business
Inflation is causing trouble for both businesses and individuals across the country, and the construction industry is no exception. In a new article from Construction Executive, author Joe Galvin takes a look at the economic instability impacting construction businesses. He offers three helpful tips for construction CEOs seeking to shore up their organizations. Click here …..
Addressing Payment Woes in the Construction Sector
Keeping your construction company’s pipeline of payments moving is very important to maintaining smooth and seamless operations. In a recent article for Construction Executive, Michael Bignold takes a look at five common payment issues encountered in construction and offers helpful strategies for addressing them. Click here to learn more.
Moving on From the Pandemic: The New Nonprofit Environment
For nonprofits that managed to persist in the face of the pandemic, now is the time to switch focus from surviving to thriving, writes Evgeny Redjebov in a new article for Forbes. This means pursuing new digital approaches, adopting data-driven strategies, and developing an adaptive working environment. Click here to learn more.
The Worsening Impact of the Nonprofit Workforce Crisis
The nonprofit sector is experiencing a workforce crisis—and others suffer as a result. Labor shortages in the nonprofit arena result in delays and loss of services for the members of the public whom they serve, explains a recent article published by the National Council of Nonprofits. In 2021, the organization published a report on the …..
Creating the Space for Nonprofit Boards to See Solutions
Burnout and stress among nonprofit board members is a big issue; likewise, complacency and risk-averseness that develops after years of the same service are a threat to a nonprofit’s success. In a recent article from the Stanford Social Innovation Review, former nonprofit CEO John Hagan discusses his experience with serving on—and eventually quitting—a nonprofit board …..
It’s your time to shine Who is your favorite author? What is the best book you’ve read? I’m not an avid reader, unfortunately, so I don’t really have a favorite author. My favorite book that I’ve read outside of school would probably be “Drive: The Story of My Life” by Bob Ryan and Larry Bird, …..
One of the perennial fears of taxpayers is getting audited by the IRS. Financially, few scenarios strike such fear into hearts. However, taxpayers can probably breathe a sigh of relief – at least for now. This is because the rate at which the IRS is initiating audits of individual taxpayers is dropping like a stone. …..
How Businesses Can Mitigate Inflation & Maintain Pricing Power
Whether it’s tariffs, trade wars, or post-pandemic inflation caused by kink-ridden supply chains and what many experts believe to be excess money printing, inflation is an insidious drag on businesses’ operations. When it comes to energy’s contribution to inflation, the U.S. Energy Information Administration (EIA) reports that crude and natural gas prices in 2022 have …..
Imagine selling slices of a large pizza. You can cut it into four even slices and charge $2 a slice. Or, you can cut it into eight even slices and charge $1 per slice. Either way, the total value of the pizza will still be $8. That’s what happens when a stock splits. Let’s say …..
Depreciation is the accounting concept that evaluates an asset’s useful life. As the Internal Revenue Service (IRS) explains, depreciable property – which could include equipment, structures, means of transportation, fixtures, etc. – is examined to see how many years the purchase price can be averaged and “deducted from taxable income.” This is in contrast to …..
AI, Computer Vision, and New Leaps in Manufacturing Technology
The presence of artificial intelligence (AI) technology in the manufacturing sector will soon become ubiquitous, writes Sergio Suarez Jr. in a recent article from Industry Today. AI technology, when incorporated successfully, gives an enormous advantage to its manufacturing users. One particular AI application, computer vision, is incredibly beneficial. “From the hiring process to the plant …..
What to Look for When Purchasing a Manufacturing Operation
Resiliency and innovation are trademarks of the manufacturing sector, which makes acquiring businesses in this industry an attractive proposition. In a new article from Forbes, author Vishal Bharucha offers advice to businesspeople considering purchasing a manufacturing operation, particularly in light of the post-pandemic environment. Click here to learn about Bharucha’s hallmarks of a good manufacturing …..
Caution: Don’t Leave Your Customers by the Wayside
Pursuing a lean manufacturing mentality at the expense of customer value is not the way to go, explain Rick Bohan and Ron Jacques in a recent article from Industry Week. While lean concepts and methods can be very useful, neglecting to take into account the wants and needs of your customers will have a big …..
Promoting a Mentorship Mentality with Women Manufacturers
Women who work in the male-dominated manufacturing industry benefit enormously from the support and mentorship of their female coworkers, writes Katerina Jones in a new article for Manufacturing Business Technology. “It is important for women to mentor other women, provide opportunities, and lift each other up,” explains Jones. She hopes to inspire women in manufacturing …..
Assessing the Viability of Incorporating New Automation Technology
When considering whether to incorporate new automation technology into their operations, manufacturers should take into account several factors, writes Irina Lunin in a recent article for Manufacturing Business Technology. Determining the return on investment (ROI) is not a simple task. Lunin lays out six areas that manufacturers should take into account. Click here to learn …..
Being open to incorporating new business strategies is the key to pursuing new veins of profit and growth, explains a recent article from Construction World. The author recommends five approaches for bolstering your operations. From incorporating diversification to trying out new pricing and bidding strategies, the article offers a wealth of helpful advice. Click here …..
Long-lasting labor shortages in the construction industry are a painful reality for business owners in this sector—and they are only getting worse, write Brian Montelongo and Christy Crook in a new article from Construction Executive. The authors suggest that in order to recruit and retain workers, construction business owners should focus on creating training and …..
Tracking finances in a construction company is a complicated and difficult task. However, maintaining an accurate picture of your company’s financial health is integral to your ongoing success. In a recent article from Construction Business Owner, author Garrett Baird offers some helpful tips ensuring that you have access to timely and accurate financial data. His …..