Understanding the Keys to an Accurate Bidding Process

When it comes to construction and trade businesses (plumbers, HVAC Contractors, Electrical Contractors, etc.), accurately estimating and bidding potential jobs is the most crucial and fundamental aspect of a successful project. Remember, there is a difference between general estimates and firm bids. An estimate is an approximation to give clients an idea of what to expect. A quote, or bid, is a fixed dollar value based on a specific time frame.

There are several components of the bidding process that need to be understood and properly executed to complete a job that is both fair and lucrative. Here are some key points to keep in mind.

5 Signs You May Need a Trade Focused Business Coaching Firm

​​Some problems are just too big to handle on your own. There are plenty of business coaches out there that are experts in helping you achieve the vision you have for your business—no matter how off track you’ve gotten. That being said, make sure you vet them properly, and also make sure they have extensive experience in working with builders, remodelers and/or Trade Companies.  Below, we’ve gathered 5 indicators that it could be time for some of that extra help.

10 Reasons Most Small Businesses Fail

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.

A Few Upcoming Construction Trends in 2018

As with any year, you can expect to see the construction industry go through a few changes in 2018. Trends are always shifting, especially when new technology is introduced. If you’re in the construction industry, you know you have to watch these shifting trends and adapt to them as soon as you can to stay competitive. If you’re ready to get a head start on understanding these trends, here are some experts predict will be popular in construction this year.

6 Ways to Generate Revenue During the Construction Slow Season

During the cold winter months, construction jobs are often few and far between. This can be especially true if you live in the northern part of the country where the snow and ice storms can make it impossible to even get to the job site. The holiday season also often slows down the number of jobs and the availability of your crew. Add to this that your clients whose fiscal year follows the calendar year and you have the makings of a very slow season for your business.