Blueprints for Success: Crafting a Solid Business Plan
About the webinar
A well-crafted business plan is the cornerstone of any successful construction company. In this webinar, we'll delve into the essential elements of creating a comprehensive business plan that not only outlines your goals but also serves as a roadmap for success.
Agenda
- Understand the importance of having a business plan for your construction company.
- Learn how a well-defined business plan can help you clarify your vision and objectives.
- Understand the role of market research in analyzing your target market and understanding customer needs and preferences.
- Learn how to identify the services you will offer and how they differentiate you from competitors.
- Understand what is involved with a strong marketing and sales plan to attract clients and generate leads.
- Learn the factors to consider when determining your business operations, including staffing, equipment, and supply chain management.
- What factors should be considered while creating financial forecasts, including revenue projections, expenses, and cash flow analysis?
Agenda
Agenda
- Motivations
- Objectives
- The Critical 4 numbers every CEO should be watching
- Stage 1 - The Process of Building a Budget
- Stage 2 - Managing the Project
- Stage 3 - Project Post Mortem
Agenda
- Understanding the 7 critical phases of the project life cycle: Concept, Criteria, Configuration, Construction, Commissioning, Completion, and Closeout.
- Deep dive into Budget, Schedule, Quality, and Safety.
- Strategies to balance these pillars and ensure project success.
- The dynamics of assembling and managing a strong construction team.
- Roles, responsibilities, and the importance of communication and collaboration.
- Important steps to take when closing out the project and getting it ready for owner occupation
Agenda
- Why are you posting?
- Who are you targeting?
- What should you post?
- Where should you post?
- When should you post?
- How should you go about doing social media?
Agenda
- Elevate standards of care for their team
- Resolve production challenges efficiently
- Cultivate buy-in
- Spread the gains across teams
Agenda
- What is a 401(k) plan?
- How it helps with employee retention and recruitment
- How Human Interest simplifies 401(k) for small and medium businesses
- Key benefits and compliance support for construction companies
- Cost breakdown overview
- Affordability for small to mid-size companies
Agenda
- Background on the FAR, uniform guidance, and unique requirements for federal jobs
- Summary of Davis-Bacon prevailing wage and administrative requirements
- DOL 2023 update to DBRA implementing regulations and ongoing legal challenges
- Related development: Project Labor Agreement (PLA) mandate for large federal construction contracts
- Compliance challenges and best practices
- Features of an effective ethics and compliance program, per DOJ’s Evaluation of Corporate Compliance Programs (updated Sept. 2024)
- Requirements for federal contracts and federally-funded projects
- Recent developments for federal grants and assistance: whistleblower protections; mandatory disclosures; debarment standards
- Enforcement trends: bribery and kickbacks; collusive bidding (including an update on DOJ’s Procurement Collusion Strikeforce); False Claims Act
- Compliance challenges and best practices
Agenda
Agenda
Agenda
- Importance of job costing in construction.
- How accurate cost tracking impacts profitability.
Speakers
A noted influencer and self-proclaimed troublemaker in the construction industry. Lance brings a unique perspective and wealth of experience to the table, making him the perfect guide for our webinar series.
Coralee Beatty is dedicated to empowering women in trades and construction, fostering profitability, flexibility, and freedom within the industry. As a passionate advocate for gender equality, Coralee's impact extends beyond her professional roles, as she emerges as a compelling speaker, captivating podcast host, and reliable advisor. Her fervent dedication to cultivating growth and fostering innovation in construction positions her as a trusted guide for businesses navigating today's competitive landscape, offering a guiding light for those seeking excellence in the dynamic realm of construction entrepreneurship.