This Week on CBOnline
Look Inside for Today's Hot Topics, Tools and Templates
> Look inside CBOnline for content that speaks to today's market challenges and opportunities.
- Go to Market Outlook for tips on how to assess your company's strengths, weaknesses, opportunities and threats (SWOT) and how to build your competitive edge.
- Visit Business Strategy to set business goals and objectives and develop a business plan.
- Get tips on standing out from the pack, developing a pipeline of project opportunities and crafting a smart bidding strategy.
- Explore using proven management practices to build an effective construction operation and calibrate business growth.
- Review how the bottom line depends on project performance and managing project and company costs.
- Check out practical tips on "marketing" to the public sector.
> Improve lead generation and bid opportunities by taking advantage of CBOnline's downloadable questionnaires and worksheets found in Executive Tool Box. Download our new Strategic Business Plan Workbook.
Book for New and Established Construction Business Owners
> CBOnline has launched a new blog series: Contractor Risk Perspectives. Go to CBOnline Blog to check out this week's guide to preparing and presenting change order requests.
> Follow our new blog series entitled Lessons Learned in the Trenches, featuring true stories shared by contractors.
> Stay tuned for other upcoming CBOnline Blog launches covering today's vital topics.
> Contact Us if you are a construction business owner, manager or industry specialist and would like to make a comment or become a contributor.
What's Up in the Construction Industry?
> The chief economist of Associated General Contractors reported this month that many construction firms are optimistic about 2014 as demand grows in most market segments. Sign up for a free online subscription to SmartBrief or purchase a subscription to Data DIGest.
> In other recent news, the U.S. Labor Department Bureau of Labor Statistics reported that construction employment rose to 5.92 million at the end of January, its highest level since July 2009. And Globe Street reported that construction lending has rebounded to "levels not seen in decades".
> What is the biggest business challenge you are facing in today's construction marketplace and how are you dealing with it? Start a discussion on Idea Exchange.
Welcome to Construction Business Online (CBOnline)
Are you an owner or manager of a start-up or ongoing construction business? If so, your firm counts among the overwhelming majority of construction firms in your region and represents the backbone of the industry.
Are you an aspiring construction business entrepreneur? In today’s challenging market and economic environment, your leadership, construction business management and construction project delivery skills are tested every day as you work hard to start and build a construction company and achieve financial success in a tough industry.
Construction Business Online is designed specifically with you in mind as a go-to site for information and tips on starting, operating and growing a construction business. Following the CONSTRUCTION BUSINESS GROWTH CYCLE, Construction Business Online focuses on the five key drivers of construction business success, providing vital and timely content to help you make important strategic and day-to-day business decisions in the office and out in the field.
CBOnline Offers One-Stop Resources and Tools to Construction Companies
Check out industry news and important links, download handy checklists, workbooks and templates, and access practical advice and real-life anecdotes from industry experts and business owners.
Click on the Construction Business Growth Cycle or the horizontal navigation bar to locate timely content under Market Outlook, Business Strategy, Business Operations, Project Delivery and Bottom Line. Go directly to the vertical navigation bar to access industry links, executive tools, expert blogs and other resources.
Stay Connected --
In the coming weeks and months, CBOnline will add new and timely content, phase in guest blogs on new ideas, trends and opportunities, expand industry listings and launch our interactive Idea Exchange. We welcome you to come back again and again!
Construction Business Online (CBOnline) is a product of VantagePoint Strategy Group, a management consulting firm dedicated to the construction industry. CBOnline is a construction industry web site and search destination dedicated to providing essential business management resources, tips and tools to aspiring, start-up and established construction business owners and managers. CBOnline seeks to provide easy access to vital and timely content to help business owners and managers make important strategic and day-to-day business decisions in the office and out in the field.
Watch an introductory CBOnline YouTube video here or click on YouTube in the social media box above right.
10 BUILDING BLOCKS
- Assess opportunities and risks
- Think strategically
- Create a realistic marketing plan
- Build an organization that delivers
- Develop a strong and versatile team
- Optimize company efficiency
- Deliver what you promised
- Minimize exposure to liability
- Maximize profits and building a strong equity base
- Keep your competitive edge