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Don't Lose Focus (Advanced)
Building a strong business has to do with creating value each and every day both for the customers and for the owners and stakeholders in the business.
Previously we commented on avoiding a focus on the top line and focusing on bottom line, net profits.
We consistently encourage contractors to integrate their accounting and operations systems to measure net profit down to specific teams in the organization to help keep everyone focused.
This month in Contractor Magazine consultant Matt Stevens takes this a critical step further by discussing Return on Investment (ROI) - both at the company level and then breaking it down to the project level.
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Favorite Book 2007
The Toyota Way is my favorite book for 2007. It had so many good ideas that I could not keep up and ended up reading it again and even buying the Field Book to go along with it.
Download Elegant Solutions from Change This which provides some highlights of the Toyota Production System. Too many ideas that are applicable to contractors to even count!
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