What do a painting company and home building business have in common?
They both strive to help people turn their homes into a beautiful oasis they can’t wait to return to after a long day at the office.
When you know a trade extremely well and have made a name for yourself, the next logical step is to take matters into your hands and launch your business.
That’s easier said than done.
Here’s the hard truth; there is no startup fairy who will sprinkle magical dust on your small business and ensure its success. Building and growing your construction company takes hard work, focus, persistence, and the power to continue when everything seems to be crumbling around you.
In today’s overly competitive business environment, innovation is what keeps a company ahead of the competition. But, having an ingenious idea for a product or service isn’t enough if you don’t have the proper infrastructure to support it.
Over the past two years, the number of jobs in the construction industry has increased by at least 20,000 a month, which means that just last year alone, about 300,000 new positions were created. In spite of these promising statistics, contractors often complain about the shortage of skilled workers and the effects this has on their businesses.
Construction is currently one of the world’s fastest-growing industries. According to one study, the volume of construction output will increase by 85% by 2030, reaching a staggering $15.5 trillion. In other words, the construction industry will account for close to 60% of all global growth.
The epicenter of any great business is growth. Just because you’re a small business owner, doesn’t mean you should be limiting your reach. Here are five ways to start growing your construction company’s customer base, while making sure your small business roots can remain firmly intact.
While providing outstanding service to your customers is paramount, it’s not the key to success. In the age of instant gratification, your customers are expecting quality services and are expecting them now. Most builders can comply with these requirements.
Your company’s brand and image are much more than a logo. It is the feel and experience potential clients expect to have with your business. Use this infographic to find out the 5 best ways to help brand your building business.
Building a safe workplace takes time and patience. It involves changing both internal and external processes, organizational culture, and the rules by which your small business functions. More importantly, it should start at the top.
You may be a small business, but your ambitions are anything but that. You want to help people solve a problem they’re facing and improve their lives. You want to accelerate your growth but not by being overly aggressive but through adding value. Still, how can you compete with the big wolves in the industry and grow your customer base?