With most of the industry gathered in Las Vegas this month, it's
good to remember, as the wit said, that the lucky rabbit's foot
didn't work out too well for the rabbit.
Ours is an industry, by definition, of risk takers. Any
job—or accident or injury for that matter—can
jeopardize your business. And yet, we've never figured out how to
price these risks into typical bids.
To be sure, there are lots of ways to mitigate risk. Buy
insurance wisely, for example. Make training an ongoing company
initiative. And buy from suppliers who will be there if something
This is all common-sense stuff, of course, and easier said than
done, especially in a worsening economy. All business owners are
watching expenses and saving cash; still, there is a big potential
price to pay for too...
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