But, it is limited in net profit margin potential, as it is very cyclical with thin margins. It is very rewarding, but demanding, work. You are in business to maximize your resources of time, energy and money so you can get the biggest return in whatever manner you desire.įor example, a construction company is a great start to achieve what you want. You are not in business to do plumbing or construction. Their typical answer is to make money doing whatever they do, such as plumbing or construction. I often ask business owners why they are in business. This exercise will get you focused on the real reason you go to work everyday. Sit down with your key managers and take time to discuss why you are in this business and why you own your own company. Determine Your Overall Company Mission, Vision & Values Where should you start to draft a winning game plan? 1.
List of players and their strengths and weaknessesĪ professional team must have all the bases covered to put a winning team on the field and make as much money as possible.Coaching and staff assignments and responsibilities.Overall company mission, vision and values.When starting a construction company, what needs to be in your business plan? Unless you want to run your company like a young, inexperienced quarterback, you need a winning playbook to follow. They also have written plays designed to work in every situation they encounter. Professional teams have written strategies for every season and each game. Is your business strategy better than a neighborhood football game? Do you huddle up before every decision? Do you tell your players what to do before every project? Do they know what to do based on written systems and strategies from your company playbook? A professional football team is a good model to copy for small business owners. Think about starting your construction company.
The players were also loosely told what position to play, who would run which way, whose job it was to block and where they were to go-not a very good strategy for a winning outcome. Before each down, the inexperienced quarterback gathered his team in a huddle and called plays based on what he thought would work and would surprise the opponent. Obviously, there wasn't a playbook, nor did the teams have time to practice their game plan. He was usually the one who was the tallest, fastest or had the best arm. The quarterback usually called the plays, even though he wasn't always the smartest player on the team. Then, the offensive team huddled to decide their play for the next down. The receiving team would have the fastest player catch the ball and run down the field as far as he could without being tackled. After a coin toss, one team would kick off to the opponent.
Then, the two teams would line up across from each other, agree on the rules and get ready to start the game. Eight of us neighborhood boys would gather at our local park and choose teams. I played a lot of touch football when I was around 10 years old.