Resource Articles
Our Resource Center provides education on personal and business financial topics, information on online security and fraud prevention, and articles from leaders at Sunflower Bank.
For more resources, check out our Financial Glossary
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Make People Accountable and Responsible
Most employees want to do a good job and take on more responsibility. But in some cases, bad bosses tolerate poor performance, don’t let go of making decisions, and treat their people like children who can’t think for themselves.
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Buy Right to Build Profits
Many contractors have the same person estimate projects in addition to acting as the project manager. As a result, they often get busy pricing too many jobs or running too many projects at one time. There are a lot of other choices who you can trust if you take the time to get to know them.
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Stop Giving Money Away
Losing small change on your construction projects can add up to thousands of dollars at the end of the year. Setting aside time to focus on increasing your net profit will boost your bottom line and allow you to make a lot more money.
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Have You Noticed Me Lately?
By not documenting conflicts or changes in a timely and complete manner, contractors inadvertently shift more responsibility onto their own shoulders and can lose the right to collect. Providing proper notice starts at the beginning of every project. Meet with your customer to discuss the contract terms and what it requires. Review and agree on the project notice and documentation required for every conflict or change. And then be ready to follow the contract.
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Field Change Memos Work
The field memo system is a simple way to get a customer’s signature authorizing you to proceed with extra work, and acknowledging you’ll agree on a price later based on pre-approved rates that have been agreed on and attached to your contract.
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Shoot Par in Your Business
To be a top construction business, do what successful companies do and develop standardized systems and structures that guarantee the results you want. Perfect your swing, improve your bottom line, and get in control of your company by doing the same things over and over without exception.
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Focus on Finishing Projects Faster
A project team without a clear knowledge of the contract completion date, or understanding of what is required to make it happen, is a disastrous predicament for a construction company.
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Project Management and Field Crew Meetings That Work
Managers often call too many meetings to report on what’s happening and don’t involve the attendees, ask for input, have meaningful discussions, or adjourn with an action plan.
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Take Time to Plan
Without input from others, business owners tend to make decisions based solely on what only they know and their own experiences. Making individual decisions lead to a higher chance of failure because each member of a team has valuable perspective to help decision-making.
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