Transitioning a construction firm is perhaps the most challenging process a privately held company will face in its business life cycle. Family, key employees, competitors and financial investors all play a role in this process.
The construction industry has advanced dramatically over the past few years. A few hundred years ago, a custom built home would have been all but a dream. Now, they fill up real estate across the US.
What’s the goal of any business? To make money—and we all know the phrase “Money doesn’t grow on trees.” This concept is very familiar, but to be a profitable business you will need a sound strategic approach.
Succession planning can be a huge deal for any family-run or owned business, including construction firms. The process is something that should be handled with patience and care.
New technology is constantly being developed and it continues to find new ways to improve our lives in ways we never thought of. In this infographic, we cover the 6 current technology trends that will benefit the building industry.
Considering launching a startup construction business? Right now, many construction markets are hot, so it’s a good time to strike. However, breaking into the construction business, as with many other industries, can be difficult.
Does your company need social media? The short answer is yes. The long answer is yes for many reasons. We’re not going to be able to cover all of the reasons your company needs social media in this post. However, we can and will go over four of the most important reasons your company needs social media. While this article focuses on construction marketing, the tips will be useful for any industry.
A vehicle can be more than a vehicle. With a stand-out vehicle wrap, you can turn your auto into a rolling billboard, advertising your goods and services. This is especially helpful for companies and industries that involve a lot of vehicles and time on the road such as a construction company. When it comes to construction marketing, a simple vehicle wrap can help spread your company’s brand far and wide.
The construction industry can be a tough one to crack. Competition is fierce, and established relationships can make it hard for newcomers to enter the market. Construction marketing requires its own unique strategies and approaches. However, don’t let these challenges discourage you. By using tried-and-true strategies to grow your business, you stand a high chance of securing success.
Why do businesses fail? According to the Bureau of Labor Statistics, only about half of all businesses that started in 2010 survived to see their 6th year. Clearly, many businesses are successful. However, many businesses fail as well. Every experienced small business coach and manager knows that there are many risks for small businesses, but new owners may frequently overlook them.