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.
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.
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.
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.
Are you ready to grow your construction company? Today, within the range of promotional opportunities and expansion strategies, email marketing has emerged as one of the most efficient, affordable, and effective business techniques.