Stone Industry Perspective: Managing through economic cycles
As we approach the beginning of a new year, and a new decade, we are encouraging all of our Rockhead members to take a close look into their business and identify key areas of focus that will allow them to plan and scale their business based on present or potential economic cycles. These areas include direct and indirect labor expenses, cost of materials, overhead costs and secured account and contracts in the pipeline.
While no one has a crystal ball to see what will actually take place in six months or even in the next few years, having access to information is key when making decisions for a business.