The real estate industry is going through drastic changes. Although the real estate market is active in many cities, multiple construction companies are not making a profit. The cost of building a home has increased tremendously in the past few years. As a result, construction companies must get creative to generate profits.
Barbara Stokes is the successful CEO of Green Structure Homes Delivered. The company primarily works in disaster areas to help people who just lost their homes. Several years ago, Green Structure Homes Delivered was about to go out of business. The business had a ton of debt, and sales were declining each year. When Barbara took over the company, she made immediate changes to increase profits. Read more at Business Insider.
Many companies that work with government organizations are inefficient. Before Barbara took over as CEO, Green Structure Homes Delivered had a ton of financial waste. The company works with FEMA in many parts of the country. Working with FEMA is not an excuse for a business to be inefficient. Although Barbara did not want to terminate anyone from the company, she ended up firing numerous employees. It was a tough decision, but it allowed her to bring in new workers with fresh ideas. Read more about Barbara Stokes at WDRB.com.
One of the most significant issues for construction companies is managing cash flow. Construction companies generally complete a project and then do not get paid for several months. Barbara Stokes improved the cash flow plan of Green Structured Homes Delivered as soon as she became CEO. She demanded shorter payment terms from suppliers and upgraded the accounting systems of the company. Although she still has a ton of work to do, she is proud of the changes made at the company so far.