The year 2016 was an eventful one for home building.
quarterly and yearly planning sessions fall under your strategic planning umbrella, and regular tracking gives you timely, accurate and plentiful data with which to work.
Your administrative department must provide timely, accurate information for you to make important fiscal decisions such as whom to hire, how much to pay, what to buy (capital expenditures) and whether you can expand.
If your business begins with sales and marketing, it can end with poor — or a lack of — estimating.
You can't afford not to pay attention to key indicators for sales and marketing. Study the numbers, ask yourself why you might be missing your targets and adjust.
Thanks to the rhetoric of politicians, the image of builders as land pillagers is widespread. Thus, when builders use some of their hard-earned profit for charity, they should do so in a very public way.
Builders who put many of their investment eggs into the housing basket might suffer significant (and disproportionately large) losses when, and if, the housing markets turn down.
Measure what drives your goals. Inspect what you expect monthly. Identify weaknesses and repair them. Reward and celebrate success.
As we learned from the stock market during the past three years, all bubbles eventually burst.
Builders ought to keep on eye on the new National Association of Residential Construction Lenders be-cause it could lower the cost of residential construction financing.
Choosing a retirement plan for a company starts with an understanding of the company's corporate structure.