A remarkable study has pinpointed things that may have profound implications for construction businesses.
Think back for a moment to the year 1988. What are some of the most dramatic changes that have taken place in your contracting business since then? Certainly there have been advances in materials, tools and equipment that have enhanced your productivity. (Contractors who didn't get more productive most likely are no longer around.) Advances in computer and communications technology, plus the Internet, no doubt have impacted the way you do business now compared with 16 years ago.
Not all of the changes are welcome. Maybe you're thinking that skilled labor is a lot harder to come by. You probably don't have much use for reverse auction bidding, or the myriad new government regulations that were enacted over those years. Perhaps there's a tinge of nostalgia for an era when you could actually get away from the job for a while without a cell phone constantly snapping you back to it.