The concept of telematics isn’t something many construction managers or company owners are familiar with. Telematics is a combination of diagnostic technology, monitoring sensors, and GPS tracking.
Paperwork: there seems never to be an end to it. Whether you’re filling out orders, doing spreadsheets, or completing agreements, there’s always some kind of paperwork to do People may not realize it, but the construction industry has just as much paperwork, if not more, as other industries do. Fortunately, while there are still many forms to complete and documents to submit, the electronic age has moved a lot of this paperwork online.
You may think that social media is only used for posting your latest meal and keeping up to date with friends. Not anymore. Social media has become the new frontier for marketing and can be the best ally for your small business if used correctly.
When people think of the Internet of Things (the IoT) and how it’s transforming industries, many people think of retail, manufacturing, and other jobs that heavily rely on computers and technology. Few people think about the construction industry.
Every year, there are new trends that appear in the construction industry, and 2019 will be no exception. Many construction company owners have already been looking back at 2018 to try and determine what trends will rise this year.
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.
Are you ready to grow your business or take on more jobs and customers? Are you financially where you believe you should be? Are your company’s finances balanced at all? Don’t get overwhelmed –financial performance benchmarking can help you answer all of these questions.
The first step to building an outstanding construction crew is to find and hire skilled, knowledgeable employees. Once you hire these skilled workers, however, you have to make certain that you can keep them on your crew.
Strategic planning should a be a regular process that construction companies undergo to best define their future. As discussed in part 1 of our Strategic Planning guide, your strategic plan will be vital for keeping your company on task, identifying areas for improvement, making course corrections, avoiding pitfalls, and ultimately heading in the right direction.