How to Setup and Run a Successful Construction Business

Introduction video

Course Duration

This course will be delivered both synchronously with 3 live 3-hour instructor-led live webinar sessions plus 16 hours of added recorded sessions.

Gold Seal Credit: 4

Course Description

Whether you work for an existing construction related business or are planning to start your own business this course will provide you with the information necessary to be a more valuable employee, successful entrepreneur. This course explores the key concepts of business management as it applies to the operation of a construction, trade related or consulting business. Participants develop the skills necessary to establish, market, and operate a successful business by learning and applying a variety of soft, technical, and analytical skills. Course Topics and Learning Outcomes:

  • Entrepreneur versus Intrapreneur
  • Identify the different business types
  • Develop mission, vision, and core value statements
  • Set goal for the business
  • Develop strategies to achieve those goals
  • Business plan fundamentals and template included
  • Learn the basic fundamentals of Financial Statements
    • Income Statement
    • Balance Sheet
    • Cash Flow Statement
    • Markup, Overhead, and Profit
    • Financial ratios and terminology
  • Advantages of a business owner, ROI
  • Risk
  • Sales and Marketing
  • Negotiations
  • Hiring & Training
  • Culture and Motivation
  • Leadership

This course is suitable for both entrepreneurs and intrapreneurs and anyone who wants a greater understanding of how a construction business is started and run successfully over the long term:

Project Coordinators
Consultants
Assistant Superintendents
Superintendents
Assistant Project Managers
Sub-contractors
Project Managers
M&E coordinators
LEED coordinators
BIM coordinators
Architects and Designers
Estimators
Field Engineers

dates:
Sep. 22, 29 & Oct. 6, 2022 Thu. 9am – 12pm ET
where:
Instructor-led live webinar
instructor(s):
Tom Stephenson MBA, PMP, CM Lean
TCA member:
$550.00 + HST
non-member:
$600.00 + HST
INSTRUCTOR: Tom Stephenson MBA, PMP, CM Lean

Tom Stephenson is an award-winning professor and best-selling author. His diverse teaching disciplines include construction project management, business management, architecture, carpentry, and brick and stone masonry. As a dual-professional, Tom is called upon by industry leaders to translate knowledge, reinvigorate corporate culture, and inspire innovation in emerging and established companies across Canada.