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Construction Business Planning - Market
A healthy construction industry suggests that its members are fit. Construction health can be gauged by trends in key factors of the supply and demand for the industry’s products and services.
First, if the economy is growing then, construction should be growing. Construction worker employment should be increasing and unemployment should be declining. Housing starts and building permits should be rising at the front end with utility hookups and certificates of occupancy increasing at the backend.
These kinds of statistics, especially the construction payrolls, starts, permits, hookups and certificates of occupancy are monitored closely by and reported frequently in most state and local news media.
Counting potential competitors is literary as easy as downloading business licenses, reading the yellow pages or talking with the local contractor’s association(s)
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Matt Stevens is a management consultant who works only with construction contractors. He has performed training and business consultation for the contracting community since 1994. Matt can be reached at mstevens@stevensci.com.
search terms: Pre-construction, post-mortem, lessons learned, Management, Strategic Planning, Sucession Planning, Starting, Beginning,
Posted by Matt Stevens at August 1, 2005 1:25 AM
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