Tuesday, October 18, 2016
Annual Christmas Party!
December 8, 2016
Click here to rsvp!
Taking place every fall, AWCI's Industry Executives' Conference and Committee Meetings keep company owners and executives focused on trends impacting their business through informative speakers, networking and committee meetings.
A major problem across the country now is that many talented people left our industry during and after the 2008 recession. And while that difficulty didn’t impact our members in New York City so much as in other locales, it has caused setbacks here. The downturn caused many contractors to react by letting go a significant portion of their talent pool. As a result, some of the best talent chose to leave the industry leaving us with severe gaps in key positions.
The natural EBB and flow of tides has a calming effect on human nature. Tides are predictable yet ignoring their importance can have a devastating effect on society and businesses alike. When a storm like super storm Sandy blows through your neighborhood, you have witnessed first-hand how changing tides can have a catastrophic effect on your ability to survive.
From a business point of view, institutions that drive our industry operate in the new paradigm of the natural EBB and flow of business cycles. A banking facility requires a steady stream of strong financial data to assess risk in providing the capital required to manage cash flow in an industry with archaic payment terms and conditions. Insurance companies demand a boat load of policy and procedures to help mitigate risk. State, County and Federal agencies impose a prequalification and requalification process that requires a MBA, CPA and law degree to comply with. As you navigate your business through this new paradigm, avoiding the peaks and valleys and maintaining a steady course can only enhance your chances to succeed.
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