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important tips to recession proof your construction business

Yohaan Thommy and Alex Levin, partners at Canadian accounting firm MNP, suggest asking the following questions in your review.
Instead, focus on delivering the quality of work in the trade you specialize in, and look for stable projects to fill your pipeline..
Nick Grandy, construction and senior analyst at Chicago-based consultancy RSM US, says to prioritize public-sector projects during lean economic times.
Specifically, to Infrastructure Investment and Jobs Act, as important opportunity..
What's more, other bills like CHIPS Act and Inflation Reduction Act are creating further opportunities, says Brian Turmail, president of public affairs and strategic initiatives at Associated General Contractors of America..
Turmail points to investments in vehicle manufacturing facilities Tennessee, Kentucky, Georgia and Texas as places where construction demand could remain strong during and after recession..
In 2019, Walter Frick at Harvard Business Review reviewed data from the recession and found that while most businesses struggled, nearly 10 found ways to grow and thrive..
Nothing can replace employee great at their job, writes Gene Marks, columnist and head of Marks Group PC..
Software that's too big for the job comes with unnecessary features, and users have to customize the tool too heavily or create cumbersome workarounds to make the software fit for purpose..
responsibilities and workflows, you'll know as soon as you demo piece of software whether it will be good fit for your team..
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