EQUIPS STARTUP CONTRACTORS WITH THE TOOLS TO BUILD RESILIENT INFRASTRUCTURE IN THE CONSTRUCTION INDUSTRY For construction professionals starting their businesses, success depends on more than just skill and dedication. Mastering the Construction Startup provides an essential master plan for creating the foundational infrastructure every contractor needs to achieve sustainable growth and upon which every strategic decision will be made. Written by industry expert Nick B. Ganaway, this real-world guide details how to strategically align people, systems, and processes with business goals to…mehr
EQUIPS STARTUP CONTRACTORS WITH THE TOOLS TO BUILD RESILIENT INFRASTRUCTURE IN THE CONSTRUCTION INDUSTRY For construction professionals starting their businesses, success depends on more than just skill and dedication. Mastering the Construction Startup provides an essential master plan for creating the foundational infrastructure every contractor needs to achieve sustainable growth and upon which every strategic decision will be made. Written by industry expert Nick B. Ganaway, this real-world guide details how to strategically align people, systems, and processes with business goals to proactively address risks, reduce errors, and build lasting operational resilience. Grounded in decades of general contracting experience and research, each concise and accessible chapter breaks down the key components of sustainable success, such as identifying elements of a solid legal and financial base, establishing relationships with essential professionals, and creating a culture that attracts and retains the best talent. Throughout the book, Ganaway, often engaging directly with the reader, offers expert insights on everything from the role of the contractor to elements of leadership to advantages of niche contracting. Mastering the Construction Startup empowers contractors to set up their companies for success during the challenging early years and beyond. Here is a small sample of the principles discussed: * Why your company's culture is critical to your success and how to ensure it will be what you want * Billing procedures to follow to ensure that you get paid for your work * Your essential need to hire the right lawyer and the right accountant for your business before your Day 1 * Your personal guarantee, its extreme risk for you, and what to do when it is required * The legal and financial consequences of improper business registration and professional licensing * How to choose the form of business structure best suited to your company * An essential checklist for startups, and forms you can use * The risks inherent in the Sole Proprietorship form of business * The problems with partnerships and how to address them in advance Mastering the Construction Startup: A Business Infrastructure Guide is perfect for trade school and college courses in construction management and entrepreneurship, and a must-have resource for contractors, project managers, and subcontractors at all levels.
NICK B. GANAWAY is a seasoned construction industry expert with decades of hands-on experience. From 1974 to 1999, he founded and grew Ganaway Contracting Company into a successful commercial general contracting firm operating across the Southeastern states. Since selling the company several years ago, Nick has continued his involvement in commercial real estate development. He authored Construction Business Management in 2006 and has contributed to industry publications such as Construction Business Owner, Construction Executive, and Entrepreneur.
Inhaltsangabe
CONTENTS Author's Disclaimer Why Read This Book? What is Business Infrastructure? You're Not Alone What You Can Learn About the Author Introduction
PART 1 THE CONTRACTOR Chapter 1. Entrepreneurial Characteristics It's Not Easy Your Dual Role as Owner and Manager of Your Company Passion for Your New Baby is Good, but... Chapter 2. Company Culture Chapter 3. Elements of Leadership Vision and Strategic Direction Emotional Intelligence Communication Skills Adaptability and Resilience Integrity and Ethical Leadership Team Development and Empowerment
PART 2 REGULATORY MATTERS Chapter 4. Business and Government Regulations Incorporating Your Company Registration in Other States Registered Agent Professional Licensing Municipal Business Licensing and Permitting Corporations and LLCs The LLC The S Corporation The C Corporation Sole Proprietorship Partnership Partnership Agreement Establishing Your Corporate Identity Choosing the Name for Your Company
PART 3 GETTING IT DONE Chapter 5. The General Contractor The Owner - Contractor Relationship Managing Risk Construction Type Union or Non-Union Managing the Common Causes for Contractor Failure Increase in Project Size Changing Your Geographic Area Taking on a New Type of Construction Lack of Management Maturity Task Dependency Software Construction Document Software Construction Bookkeeping Software Awareness of the Economy and Other Business Threats and Opportunities Negotiation Proactively Manage Budgets Demand High Quality Cultivate Relationships Meet the Schedule Stakeholder Communication Human Resources Management Trust Marketing Chapter 6. Subcontractor Management Effective Subcontract Documents Trust Prequalification of Subcontractors Subcontractor Proposal and Scope of Work Notice to Proceed Precaution Official Notice Inspection of the Subcontractor Work Topographical Site Survey Differing Conditions Independent Contractor vs Payroll Employee IRS Regulations for Independent Contractors Managing Change Orders Effective Change Order Procedures Chapter 7. Construction Disputes Design Defects Workmanship Defects Negligence Changes in Scope Changes in the Work Contract Terms and Conditions Payment Methods of Dispute Resolution Negotiation Mediation Arbitration Chapter 8. Project Delay Causes for Delay Be Prepared Chapter 9. Contracts and Agreements What is a Contract? The Value of a Written Agreement Types of Construction Contracts Lump Sum Contract Unit Price Contract Cost-Plus Contract Incentive Contract Design-Build Contract Getting Paid Example Lawsuit
PART 4 RESOURCES Chapter 10. Lawyers Construction Industry Lawyer General Practice or Business Lawyer Employment Lawyer Workers Compensation Lawyer Real Estate Lawyer Mergers & Acquisitions Lawyer Civil Litigation Lawyer Tax Lawyer Intellectual Property Lawyer Personal Injury Lawyer Immigration Lawyer Estate Planning Lawyer Deal Making Chapter 11. Accounting and Taxes Tax Preparation The Income Statement (Profit and Loss Statement) The Balance Sheet Statement of Cash Flows Summary
Chapter 12. Hiring the Right People So, Who Are the Right People? Tips For Interviewing Prospective Employees Job Benefits Jobsite Facilities and Conveniences Onboarding New Employees Employee Meetings Employee Handbook Non-Compete Agreement Chapter 13. Banking Loan Documentation Personal Guarantee Variable Rate Loans Credit Unions Private Lenders Chapter 14. Construction Insurance General/Commercial Liability Insurance Workers Compensation Insurance Builders' Risk Insurance Business Owners Policy Product Liability Insurance Professional Liability Insurance Commercial Property Insurance Fidelity Insurance Home-Based Business Insurance Co-Insurance Making Claims Performance and Payment Bonds Performance Bonds Payment Bonds Summary Chapter 15. Business Plan Purpose and Evaluation Presentation for the User Proposal Guidelines
PART 5 IDEAS Chapter 16. Niche Contracting Advantages of Niche Contracting Additional Niche Advantages Chain Store Owners and Franchisors Chapter 17. Outside Board of Advisors Is an Advisory Board Necessary? Chapter 18. Case Study of an Existential Business Crisis-A Personal Account Another Shoe Drops A Perfect Storm Looking Back A Tough Decision The Personal Effect Success, at Last Chapter 19. Investing in Real Estate as a Parallel Business Owning STNL Properties-a Successful Proven Strategy General Characteristics of Single-tenant Net-lease Properties The STNL Marketplace Primary Factors in Pricing an STNL Property Replacing the Property Early STNL Properties vs the Stock Market The Case For Investing In Real Estate Dealing With Capital Gains Tax The 1031 Tax-Deferred Exchange In Conclusion Chapter 20. Summary Checklist for Startup Businesses What to Do First Chapter 21. Useful Reading Acknowledgements Appendix Contents Appendix A - Partnership Agreement Example Appendix B - Non-Compete Agreement Example Appendix C - Business Loan Proposal Form Example Appendix D - Business Plan Example 1 Appendix E - Board of Advisors Agreement Example Appendix F - Employee Handbook Example Appendix G - Independent Contractor Agreement Form Example Appendix H - Business Plan Example 2 Appendix I - Acord Certificate of Insurance Form Example
CONTENTS Author's Disclaimer Why Read This Book? What is Business Infrastructure? You're Not Alone What You Can Learn About the Author Introduction
PART 1 THE CONTRACTOR Chapter 1. Entrepreneurial Characteristics It's Not Easy Your Dual Role as Owner and Manager of Your Company Passion for Your New Baby is Good, but... Chapter 2. Company Culture Chapter 3. Elements of Leadership Vision and Strategic Direction Emotional Intelligence Communication Skills Adaptability and Resilience Integrity and Ethical Leadership Team Development and Empowerment
PART 2 REGULATORY MATTERS Chapter 4. Business and Government Regulations Incorporating Your Company Registration in Other States Registered Agent Professional Licensing Municipal Business Licensing and Permitting Corporations and LLCs The LLC The S Corporation The C Corporation Sole Proprietorship Partnership Partnership Agreement Establishing Your Corporate Identity Choosing the Name for Your Company
PART 3 GETTING IT DONE Chapter 5. The General Contractor The Owner - Contractor Relationship Managing Risk Construction Type Union or Non-Union Managing the Common Causes for Contractor Failure Increase in Project Size Changing Your Geographic Area Taking on a New Type of Construction Lack of Management Maturity Task Dependency Software Construction Document Software Construction Bookkeeping Software Awareness of the Economy and Other Business Threats and Opportunities Negotiation Proactively Manage Budgets Demand High Quality Cultivate Relationships Meet the Schedule Stakeholder Communication Human Resources Management Trust Marketing Chapter 6. Subcontractor Management Effective Subcontract Documents Trust Prequalification of Subcontractors Subcontractor Proposal and Scope of Work Notice to Proceed Precaution Official Notice Inspection of the Subcontractor Work Topographical Site Survey Differing Conditions Independent Contractor vs Payroll Employee IRS Regulations for Independent Contractors Managing Change Orders Effective Change Order Procedures Chapter 7. Construction Disputes Design Defects Workmanship Defects Negligence Changes in Scope Changes in the Work Contract Terms and Conditions Payment Methods of Dispute Resolution Negotiation Mediation Arbitration Chapter 8. Project Delay Causes for Delay Be Prepared Chapter 9. Contracts and Agreements What is a Contract? The Value of a Written Agreement Types of Construction Contracts Lump Sum Contract Unit Price Contract Cost-Plus Contract Incentive Contract Design-Build Contract Getting Paid Example Lawsuit
PART 4 RESOURCES Chapter 10. Lawyers Construction Industry Lawyer General Practice or Business Lawyer Employment Lawyer Workers Compensation Lawyer Real Estate Lawyer Mergers & Acquisitions Lawyer Civil Litigation Lawyer Tax Lawyer Intellectual Property Lawyer Personal Injury Lawyer Immigration Lawyer Estate Planning Lawyer Deal Making Chapter 11. Accounting and Taxes Tax Preparation The Income Statement (Profit and Loss Statement) The Balance Sheet Statement of Cash Flows Summary
Chapter 12. Hiring the Right People So, Who Are the Right People? Tips For Interviewing Prospective Employees Job Benefits Jobsite Facilities and Conveniences Onboarding New Employees Employee Meetings Employee Handbook Non-Compete Agreement Chapter 13. Banking Loan Documentation Personal Guarantee Variable Rate Loans Credit Unions Private Lenders Chapter 14. Construction Insurance General/Commercial Liability Insurance Workers Compensation Insurance Builders' Risk Insurance Business Owners Policy Product Liability Insurance Professional Liability Insurance Commercial Property Insurance Fidelity Insurance Home-Based Business Insurance Co-Insurance Making Claims Performance and Payment Bonds Performance Bonds Payment Bonds Summary Chapter 15. Business Plan Purpose and Evaluation Presentation for the User Proposal Guidelines
PART 5 IDEAS Chapter 16. Niche Contracting Advantages of Niche Contracting Additional Niche Advantages Chain Store Owners and Franchisors Chapter 17. Outside Board of Advisors Is an Advisory Board Necessary? Chapter 18. Case Study of an Existential Business Crisis-A Personal Account Another Shoe Drops A Perfect Storm Looking Back A Tough Decision The Personal Effect Success, at Last Chapter 19. Investing in Real Estate as a Parallel Business Owning STNL Properties-a Successful Proven Strategy General Characteristics of Single-tenant Net-lease Properties The STNL Marketplace Primary Factors in Pricing an STNL Property Replacing the Property Early STNL Properties vs the Stock Market The Case For Investing In Real Estate Dealing With Capital Gains Tax The 1031 Tax-Deferred Exchange In Conclusion Chapter 20. Summary Checklist for Startup Businesses What to Do First Chapter 21. Useful Reading Acknowledgements Appendix Contents Appendix A - Partnership Agreement Example Appendix B - Non-Compete Agreement Example Appendix C - Business Loan Proposal Form Example Appendix D - Business Plan Example 1 Appendix E - Board of Advisors Agreement Example Appendix F - Employee Handbook Example Appendix G - Independent Contractor Agreement Form Example Appendix H - Business Plan Example 2 Appendix I - Acord Certificate of Insurance Form Example
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