Whittlesey & Hadley, P.C.
147 Charter Oak Avenue
Hartford , CT 06106-5101
In This Issue
Is your company experienced in LEED certified projects? Do you have people on staff who are accredited LEED professionals? If not, you'll almost certainly want to in the near future - if only for the opportunity to bid on "green" projects.read more
Most contractors prefer to stay within their "comfort zone," but with the ongoing industry slowdown, many are now considering moves they might not have contemplated in the past. One of these is to expand into a new geographic market. A new market can offer fresh opportunities to keep crews working, especially if your own market has been particularly hard hit, but any geographic expansion entails risk. What's more, the risks are multiplied when the expansion involves crossing state lines or working in new jurisdictions. There are many factors to consider before making the move into a brand new market.read more
In today's economy, most contractors are running a very lean operation. They're trying to handle more work with as few people as possible, while still maintaining a core group of employees who will lead the company back to growth when conditions improve. At times like these, it's important to be on guard against employee burnout, and to recognize and reward the extra effort your employees are making. Although most employees will probably stick with you while the economy is down, demanding too much of them with too little reward will hurt you in the end. Once the economy turns around they are likely to move on to a more rewarding, less demanding organization - and your investment in them will be lost. It's easy to get so busy trying to generate new business that you overlook the signs of employee burnout. Prolonged stress and overwork make your people less patient and more easily angered, which eventually takes a toll on productivity. By the time burnout starts affecting the bottom line, it has already gone on too long.read more
The articles in this newsletter are general in nature and are not a substitute for accounting, legal, or other professional services. We assume no liability for the reader's reliance on this information. Before implementing any of the ideas contained in this publication, consult a professional advisor to determine whether they apply to your unique circumstances. © 2013