Business
The following is the THIRD of a Series of three articles about the acquisition market sector within the building services industry. In the first article, I addressed issues associated with buying a company. The second article dealt with selling one’s company.
Many times in business —much like in life a person’s perspective determines one’s morale or attitude more so than any actual situation does. Many companies will make statements such as, “the morale of the team is down because of recent company changes, cuts in benefits and employee layoffs.”
Selling one’s company is a very personal matter. Even when all of the signs indicate that now is the time, it can be a very difficult matter with which to come to grips. The company, especially if the owner is the founder and the prime developer over many years, is…
For any business executive—and particularly for building service contractors—true success is contingent on a detailed, disciplined approach of focusing on the overall mission of the company. Long-term sustainable growth is the objective, along with optimum valuation.
Did you know that the average turnover rate in the janitorial industry is approximately 250 percent? Turnover is not only very costly, but it creates inconsistency that can translate to loss of clients. There are several ways that you can attract good employees and, most importantly, keep them.
THE FOLLOWING IS THE FIRST ARTICLE IN A SERIES OF THREE discussing issues associated with the mergers and acquisitions sector of the building service industry. While some of the hard or technical issues will be put forth, it is my attempt in this series to also discuss some of the…
Statistics and experience demonstrate that 80 percent of what we have we never use. In a time when businesses desperately need to reduce costs and increase productivity, keeping “information clutter” makes no sense
Why is it that relatively few general managers can work—and succeed—in the same company for a long period of time, while the majority cannot and do not? Conversely, why is it that a good number of businesses, given their history, tradition, culture, or governance structure cannot keep—or choose not to…
