"Welcome to the Tom Stephenson channel! In today's video, we're delving deep into the world of contracting with '7 Mistakes Contractors Make.' Whether you're a seasoned general contractor overseeing large-scale projects or a subcontractor handling specialized tasks, avoiding these common blunders is crucial for the success of your business. The 7 mistakes include not charging enough, not choosing clients carefully, not tracking costs effectively, not finishing fast enough, not dealing with change orders correctly, not managing cash flow, and not managing growth effectively. Each of these pitfalls can have a significant impact on your bottom line and reputation in the industry. Join us as we uncover these critical errors and provide practical insights to help you navigate the complex landscape of contracting. Stay tuned to ensure your business thrives in the competitive construction market!"

Subscribe to Tom Stephenson's channel for more informative content on construction industry best practices, and join us as we explore the strategies and techniques that drive success in modern construction projects

Sample Construction Project Management related videos, check my playlists:
Tutorial 26 PDCA    • PLAN, DO, CHECK, ACT - IMPROVE QUALIT...  
Tutorial 27 Takt, Flow, Batch Size MSProject    • Improve your workflow and optimize yo...  
Tutorial 28 Finite vs Infinite Thinks    • CONSTRUCTION PM PRINCIPLES, PLAYING T...  
Tutorial 29 Pre-award meetings    • PRE-AWARD MEETINGS, THE WHY & HOW, VI...  
Tutorial 30 Intro to Lean    • INTRODUCTION TO LEAN CONSTRUCTION, TH...  
Tutorial 31 Brainstorming    • BRAINSTORM CONSTRUCTION PROBLEMS, BRA...  
Tutorial 32 Lean Variation Parade of Trades    • LEAN CONSTRUCTION, HOW VARIATION IMPA...  
Tutorial 33 5’S Lean    • ELIMINATE WASTE ON YOUR CONSTRUCTION ...  
Tutorial 34 Learn from the past case    • LEARN FROM PAST BUILDS FOR A BETTER F...  
Tutorial 35 Stockdale Resilience    • BUILD RESILIENCE & WIN WHEN YOUR CONS...  
Tutorial 36 Effectively Manage Pareto    • EFFECTIVELY MANAGE CONSTRUCTION PROJE...  

Tom Stephenson is a national award-winning professor (George Brown College, University of Toronto) and best-selling author whose background in education spans nearly three decades. His diverse teaching disciplines include construction project management, business management, human resource 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. Before breaking into the academic realm, Tom acquired more than a decade of practical project-management experience, operating a mid-sized Toronto-based general contracting firm. He is also the author of the newly released Planning, Scheduling, and Control of Construction Projects with American Technical Publishers and the four best-selling editions of Understanding Construction Drawings for Housing and Small Buildings with Nelson Publishing Canada. Tom most recently received the Toronto Construction Association’s 2020 Chancellor’s Award for “helping his peers become more ethical, knowledgeable and professional.” A champion of change management, Tom takes pride in helping students and businesses navigate uncharted territories, take calculated risks and rise above the status quo. Some of the companies he’s worked with include Mattamy Homes, EllisDon, BIRD Construction, MCA, Maple Reinders, and Tucker HiRise, University of Toronto Project Managers.