6 Key Profitability Metrics For Construction Companies

When it comes to construction, we know that attention to detail and hard work are vital ingredients for a successful job. Those ideals don’t change just because you move up the corporate ladder or decide to start your own construction business. We all know that your company won’t make it very far without consistent profitability and stability. So let’s take a look at these six key profitability metrics for construction companies, and make sure that your hard work and dedication to the job are paying off, quite literally.

Mitigating Fall COVID-19 Risks During Construction

The COVID-19 global pandemic is impacting construction projects on many levels.  Also, as we enter Cold & Flu season, planning is more essential than ever. Delays, disruptions and uncertainty as well as increased costs will present a number of challenges. Here we provide a collated view of practical steps that are being taken to manage the risks of the current COVID-19 epidemic to construction workers and to surrounding communities.

5 Proven Ways To Stop Your Construction Business From Stagnation

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. If you notice your growth margins or profits starting to dwindle, underestimating the effects of short-term stagnation could impact your business’s long-term growth and success. Fortunately, there is a myriad of strategies that construction business owners can employ to null the financial and organizational deficits of stagnation. In this article, we will help you prepare and overcome this roadblock to growth by outlining the top 5 strategies to stagnation prevention.

6 Benefits of a Business Coach for Your Small Business

Have you ever sought out a business coach for your construction company? Today, starting small businesses can be an exciting, but risky endeavor and the guidance and support of a business coach can drastically increase the possibility of success. These expert consultants spend years understanding the financial strategies and dynamic of the construction industry, and many have started or invested in businesses independently. An incredible resource for any business owner, here we will discuss six benefits offered by construction mentors and strategists that can ultimately enhance your business operation.

Top Techniques for Construction Companies to Enhance Customer Service

Regardless of the size or industry type, companies universally depend on consumers for direct business, referrals, feedback, and overall success. Customer service is imperative to businesses trying to obtain, or maintain, a loyal consumer base. When people think of the construction industry, however, customer service isn’t a primary characteristic that comes to mind.