Stagnation, or the sustained period of minimal to no growth, is a universal risk in the construction industry. While your business may have thrived in recent years, a sudden plateau in profits is not unheard of.
When your business is running smoothly, and you don’t anticipate any issues, you’re very likely to put off any type of preparations for the future. Why put time and energy into succession planning when it doesn’t look like you’ll need it any time soon?
The use of telematics in construction helps optimize resources and continue to advance construction businesses’ profitability
Over the last decade, construction companies have begun making use of more and more technology.