Today on “The Building Code,” Tom and Paul are discussing business strategy with David Arnold, podcast superfan and chief strategy officer here at Buildertrend. David has been at Buildertrend for about four years and focuses on partnerships and future opportunities for the company.
Tune in to the full episode for insights on how to keep your business moving forward in our current environment and to hear about how connecting with other builders can positively impact your strategy.
WHAT ARE YOUR THOUGHTS ON BALANCING THE HERE AND NOW WITH FUTURE STRATEGY?
If you spend too much time on the short-term, you won’t have a north star that’s clear and you won’t have anything guiding the investments you’re making. If you’re only thinking about the long-term, things don’t get done – people don’t have guidance and they’re not held accountable.
And that’s why you have to think long and hard about what’s the best use of your time. Often as a founder or a person who is the only person who can lead the company, you have to get rid of the things that someone else can do. This will allow you time back to put toward things that only the owner or only the CEO can do. I think that’s how you pay attention to both.
HOW CAN CONTRACTORS MAINTAIN SUCCESS GOING FORWARD?
- Understand job costing and financial management
- Understand the money coming in and where it’s going
- Learn how to improve and become efficient with fund management
- Organize your project stakeholders: Team members, subcontractors, clients
- Make sure everyone knows who needs to do what and when
LINKS AND MORE
Check out David’s book recommendation: “Titan” by Ron Chernow
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