There's no job big enough to fix a business, but there are plenty big enough to break one. Every owner chases the big contract. The one that feels like it changes everything. But a job you can't actually execute on, doesn't save you. It accelerates whatever was already wrong. Before you say yes to something large, ask the hard questions. Do you have the people to run it? The cash to float it? The margin to absorb what goes wrong (in the case that something does)? One wrong yes can undo a year of right ones.
@officialchadpetermanTranscript
jobs that we shouldn't take. And I think that we've all faced this in our careers where this job looks like a great opportunity. It's got a big dollar amount attached to it. And what I would tell you is I have never had one of those jobs actually work out that I knew in the back of my mind was not going to be a good idea, but I got kind of tricked by a big dollar amount, a lot of promised work, so on and so forth. And so what I would say is you're evaluating probably larger scale projects is to really dig in on, you know, what is expected of me are all things covered. How does the person or GC or whatever it may be? How do they anticipate managing this project? Have they done this before? Because oftentimes we get caught up in these projects where we bear the brunt of the burden and all of those costs are hard to recoup once you put the bid on paper and the contract is agreed to. To me, you've really got to investigate when you're taking on these larger scale projects because what we often see is these larger scale projects have a tendency to really do damage to a company. It puts a strain on capacity. It could put a constraint on resources. Do you have to buy all this material up front only to perform it, you know, 90, 120 days later? Can you float that? So again, don't get caught in that trap of thinking that this one project is going to solve all all of my problems, more than likely it's going to create more problems than it solves.
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