Construction in 2015 and Beyond

There is always the desire to look into the future and to see what is going to happen. If you knew stocks were going to plunge next Tuesday, you would sell on Monday. The farther out the “prediction”, the slower the return, if it comes at all and therefore the greater the risk.

So, when we look at 2015 and beyond many people think that it is too far off and you can’t have reliable predictions anyway. While that sounds good, there are many who predict and invest a lot farther out than that. Companies like Exxon/Mobile and Georgia Pacific both have 100+ year plans. That is what I call planning and predicting into the future?

But what about right here, can we accurately predict the future for construction? Dale Atkins with The Marketing Edge who has spoken several times at our Home Builder’s Association membership meeting has said that there is a correlation between collectable rent and home construction.

When rent goes up there is a greater interest to buy or build a new home. Prices of homes tend to go up because of the increase in demand. There will always be fluctuations, but there are also trends. And when you start looking for trends based on facts your ability to predict will greatly increase.

The hard part is not so much predicting the trend, as understanding what does that trend mean for me and my business. How do I use this information to position my business for growth and greater profitability when it comes? What threats will there be to my business that I need to mitigate before the storm hits?

About two years ago it was said at one of our meetings that the average age for a licensed plumber and electrician in our county was in the low 60’s. Although I haven’t been able to verify it, it is worth thinking about. So, what will be the net effect in the not too distant future? If you need an electrician or plumber it just might cost you a whole lot more than it does now. When finding a good plumber becomes difficult, it may have an impact on your schedule and the amount of work you can do.

According to the National Association of Home Builders in a recent article they are already seeing some difficulty throughout the country in finding roofers, framing carpenters and general carpenters. If the country sees an increase in the demand for construction, these trends will affect your business, the question is how? And is there anything you can do in preparation for this trend?

If you see a trend, that is great, but think about the impact. What if you and your competitor see a trend, how will that affect your business? What if they see a trend and you don’t?

As I am writing this I got an email from David Crowe of the NAHB Education department, talk about timing. They are promoting a “NAHB Fall Construction Forecasting Webinar” with special guest, Moody’s Analytics Chief Economist Mark Zandi, is on October 30th. You might want to check it out.

Taking some time to look at the future horizons, to set better goals and to make better plans is always a good investment of your time. So realize that you can predict the future or at least see the horizon better. The important thing is to see the how trends will impact your business and find ways to take advantage of the opportunities and minimize the threats.

When you properly plan into the future, you gain better control of your present.

Crossroads Consultants can help you to plan into the future while gaining better control for today.

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Solve your number one problem — Start today!

Solving this one problem makes solving all of the other problems easier. In his book, “Six Disciplines Execution Revolution” Gary Harpst explains that there are really only two things that you have to master to have the life and business that you want.

Have you ever struggled and wished for some help in getting everything done? Have you wanted to have more control in your life? Are you searching for the secret to success, or just how to get through the end of the month?

There are two things to Master. Once you have mastered these two things you can accomplish just about anything. It isn’t real complicated but it does take some motivation. Once you master these things, you will realize that there is almost always someone, or now somewhere to get the knowledge you want or need to succeed. You will also realize there is almost always someone who has the skills that you need to succeed.

So what are these two things? Before that, ask yourself if you want to live a life of chance or intention. Do you believe that luck; chance or fate is the way to live your life or is choice, intention and determination a better way to go? Now don’t just casually give a flippant answer, think about it. Decide right now which way do you believe to be the best for your future? Of course no one wants to put their future in the hands of chance, luck or fate, but what is the alternative?

The first thing that you must master is being able to pull together all the relevant information and to create a blueprint or plan to specifically map out or layout what your future is going to look like and how exactly you are going to get there. It is that simple, just not that easy.

I recognize that real architects didn’t just pick up a pencil and start designing a home and overnight create the world’s best residence. But most of them started somewhere back when Crayons were being used, and not today’s computers. It may take a little work creating a plan and then making it better, and learning, and then making it even better. But if you don’t start planning by doing, you will never create the plan that you want. No one else is going to create the plan for you that you want. Jack Welch is credited with saying, and a book is titled: “Control your own destiny or someone else will”

Let’s revisit your decision to put your future in the hands of fate, luck or chance or to put your future in the hands of decision, choice, and intention. If you are not planning you’re taking a chance. I wish you luck, because that is all you have to go on. Or you can plan to succeed; ultimately it is your choice.

Assuming that you have created a plan, “any” plan, what is the second ingredient? Well as difficult as creating a life changing plan is, this second part can be much more difficult. But if your plan is a good one, then this second element is taken into account. Besides having a good plan, The second ingredient that you need is to be able to execute that plan efficiently. That’s right; the world’s best plans will not build a house or accomplish anything for that matter. Someone has to do the work of implementing or executing the plan to see accomplishments.

If the plan is a good one it will take into account the skills and abilities of the person who must execute it. It may include that you take a course in learning a skill or figuring out the best way to hire someone else to do some of the work in the plan. But the work must get done.

So the next time you have a problem ask yourself, “do I have a plan that I can execute to solve this problem?” If not, remember that you are taking a chance. Start with the information that you know. Think about what information you need to know to make the best decisions, and then plan out a way to learn what you need to know. It may only be a step to solving a problem but it is a step in the right direction.

The purpose of this article is to get you to really think and be hones to yourself about planning. Do you think about things or do you really plan? Make it a practice and you will continue to get better at it. We will continue this discussion, you can plan on it, I know I am.

Stan Broesder is a Business Consultant with Crossroads Consultants. He can be reached at 980-241-0189, or you can visit his website: www.MyCrossroadsConsultants.com

Does Success Breed Failure?

Success in and of itself can create a climate for failure. The saying, “What got you here, won’t get you there” (book title, Marshall Goldsmith) is appropriate for this thought. As difficult as it is to get to a certain level in business it maybe even more difficult to stay there.

Success, however you define it, puts you in a position of new opportunities and threats. Many stumble because they are not ready for the new policies, systems and habits that are demanded of them to be at that level and default back to old habits and safer waters. This is where some talk about the fear of success comes in. It may not be a fear of success (the outcome), but the change that it requires. Although the environmental change that comes with success can be disruptive, there are also internal changes that have to be considered as well.

When you are very busy you can create a routine or rhythm to your work that is very productive, but it can be very susceptible to change. If you push just a little too hard on your production you can make a mistake and send production into a tailspin. Or as the pressure for production decreases, you can become inefficient. You can lose focus on the new and most important tasks at hand believing you will have time to get to them later. But before you know it you are busy again and the important things didn’t get done.

Your ability to adjust to the pressures and demands on your time, energy and other assets is critical to continuing the progress of success that one experiences within their life. Without that ability to be flexible and focus on the important things, little errors creep in without detection and can become a major disaster without warning.

So how do you develop the ability to make the constant adjustment between super busy and bust? What does it take to smooth those ups and downs at least so they don’t cause serious crashes? There are two things you have to have.

You have to be able to keep perspective while still focusing on what is priority. You need to be ability to look at the big picture while also keeping a focus on key and critical details. In order to have perspective you need to be able to step back and grasp the big picture of your business. You need to be able to make accurate choices about what is important and what is not. Then you need to be able to focus your resources on getting the most critical, the key objectives accomplished.

In success your perspective is constantly changing because the world is changing by the minute or faster. Being able to focus energy and resources in the midst of change, on the most critical objectives is vital. So the reality is that you need to balance two totally different mindsets, big picture and laser focus. The right tools can help you to accomplish that juggling act. [that will have to be a different post]

How Can I think About My Future When I Am So Busy Now?

Right now I am so busy that I don’t have time to really think about my future. I work long hard hours now and I don’t see how I can do anything different.

Maybe you are finding yourself with this attitude about your business or career. There are so many things to do now, how do you add more to it? Brian Tracey once said, “There is never enough time to do everything, but there is always enough time to do the most important thing.”
Here are five things that can change your future.

1. Decide. What it is that you want? Call it a purpose, objective or goal, but write down what you really want to accomplish either in your business or life.
2. Take Stock. Figure out where you are right now. Describe your life and business. This includes your resources, the environment that you are in, the friends and contacts that you have. Everything that has value or might have value is important to recognize.
3. Anticipate. What are the obstacles that are currently standing in your way for reaching your purpose or goals? What is very likely to stand in your way in the future? Keep the future obstacles in mind as well so that you can prepare for them and not allow them to sabotage your plans.
4. Plan. Put together a plan that is flexible and yet realistic in being able to achieve the goals or purpose that you have set out to accomplish. Most people stumble right here. They think that a list of goals is a plan. But there is more to it than that. You must include time frames, costs (financial, energy, skills, etc.) support from others, etc. if you are going to put a realistic plan together.
5. Execute. Flight plans and road trip plans don’t do any good if you don’t get the car started or go to the airport. You must ACT if you are going to reach your goals. If you procrastinate in any area, understand that it is an obstacle that you must find a way to overcome or you will be stuck right where you are. Action focused on the plan is the key. Change plans carefully and if necessary. But keep moving forward.

You can achieve so much more than you ever thought possible when you put a plan together and develop the skills and systems to effectively utilize the resources that you have and will have in the future.