Construction Has Been Tough - These past few years. I thought I had seen the worst it could get when the prime rate banks charged on loans hit a record high of 21.50% on December 19, 1980. Builders were walking away from unfinished homes and entire developments.
The Current Economic Climate - Is tougher for other reasons I will not go into. My point is there is a reason why things occur, trust the Universe (Yes I am someone of deep faith) and when you are in the middle of it that is not the time to make rash decisions.
If You Have Time - To spare I sincerely encourage you to work on your systems and processes. Think and write down everything that has worked well in the past and review what needs to be fixed, upgraded, discarded and improved upon.
Be Proactive About "Tactical" Issues - Get your tools and equipment in shape, clean and ready to roll! Clean out the storage area and return, recycle and dispose of the material you don't need and will not use.
Be Proactive About "Strategic" Issues - If you have thought about firing your Bad Bookkeeper you are already 15 minutes too late! Replace that wealth prevention tool with a Strategic Bookkeeping Service. Develop a Business Process Management Strategy so that when the economy turns you will be ready. Better yet if your strategy is right you may not be as affected by the economy. Food for thought, bread for the head!
You Are A Contractor And Contractors Deserve To Be Wealthy - Because you add real value to people's lives. You are in a tough fight as of the day this article is being written (06/15/12) and know "This too shall pass"
Don't Be Afraid To Like The Video - Too many contractors believe in evil geniuses and conspiracies and not enough contractors believe in a Universe that wants to provide for them.
Johann Wolfgang Von Goethe - Germany's “Shakespeare” is credited with the phrase "The Moment One Definitely Commits Oneself, Then Providence Moves Too"
History Is Full - Of men and women who did what seemed impossible and you can too.
A Personal Observation - From over thirty years involvement in the construction in industry. The contractors who are rough, tough and meaner than junk yard dogs who are massively successful, that means having annual net incomes greater than $1,000,000..yes the 1% are people have deep faith and proud of it.
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