POSTS TAGGED : construction business

Proactive Planning: Key Measures to Safeguard Your Contracting Business

  • Implement financial safeguards like cash reserves, invoicing systems, and client diversification to protect your contracting business.
  • Ensure legal compliance with comprehensive contracts, up-to-date licenses, and understanding of regulations.
  • Secure your business with tailored insurance coverage, including general liability, professional liability, and workers’ compensation.
  • Boost quality and efficiency through technology integration, risk management, and strong relationship-building strategies.

Proactive planning in construction business

In the contracting industry, where the stakes are high and the margins can be thin, proactive planning is more than a buzzword. It’s a lifeline. Contracting businesses must take deliberate, forward-thinking actions to safeguard their operations, ensuring long-term success in a market fraught with unpredictability.…

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The Brief Guide That Makes Starting a New Construction Company Simple

Construction is an industry that will probably never go away. There are constantly new building projects and repairs needed for construction companies of all sizes. It’s no surprise that the market has a size of $2.7 trillion.

Construction company startup

Do you think you have what it takes to start a new construction company? Check out the guide below to learn how to build the best construction company in your area.

Create a Plan

A great plan is critical to start a successful construction company. It doesn’t matter if you want to start with residential or commercial construction, either. If you don’t understand your customers’ needs, understand the best way to serve them, or have milestones for success, it’s hard to take the right actions in your business.…

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Tips to Grow Your Construction Business in 2023

2023 is going to be an exciting year for the construction industry, with new technological developments and a move towards greener living. To find out more about the latest trends, keep reading…

Architects

photo credit: Borko Manigoda / Pixabay

As we move towards an industry of eco-friendly construction and smart devices, it’s a good idea to learn about the new trends and seize the opportunity to grow your business. Below we’ll be taking a look at some of the things you can do to grow your business such as speaking to a solicitor in construction and engineering law and updating your website.…

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7 Tips To Make Your Construction Business A Success

Whether you’re a contractor who’s decided this year, you’re going to try and go it alone, or you’re a small construction business owner looking to take your business to the next level, it can be hard to know how to stand out from the competition.

Construction worker on the job

Construction is quite a competitive business now, with plenty of options for customers to choose from, so how do you stand out from the crowd? We’ve got 7 simple tips to help you make your construction business a success. What are you waiting for?

1. Put Your Customers First

Ultimately, the reason you’re in business at all is thanks to your customers.…

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Why The Construction Industry Needs Superior Suppliers

Multiple sectors of the Canadian construction industry are seeing incredible growth in a difficult economy — the estimated statistics are positive, the number of job openings is rising, and the list of future projects is getting longer. This means that the construction industry has to be prepared for the increasing demands, especially when it comes to their chemical supplies.

Construction business

The growing construction industry in Canada

Construction is a powerful industry that manages to stay steady and even grow when other industries are going through economic troubles. According to data from the National Research Council of Canada, the Canadian construction industry employs over one million people—considering how the country’s entire population is estimated to be over thirty-six million people, this is an impressive percentage.…

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Leveraging Modern Technology: 4 Ways to Boost Efficiency in the Construction Industry

The construction industry is one sector that, seemingly, cannot be derailed by bumps and blows to the global economy. Like all industries, it has faced tough times, but it continues to grow at a very healthy rate. It is estimated that, by the year 2030, the amount being invested in construction infrastructure will have reached $13 trillion.

This is more than double the same figure for 2012 and the jump should provide a clear indication of how fast the industry is moving. Yet, there are challenges ahead. In order to keep up with demand and fulfil the requirements of ever more stringent state legislation, contractors must be able to evolve.…

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Streamlining the Management of Your Construction Business

Managing a construction business can be very strenuous. However, with the availability of innovative software and technologies, construction project managers are able to streamline the various process involved to build smarter and faster projects.

Planning a construction projects takes too many details into consideration but even with the best laid plans, there are many internal and external variables to cause the plan to go awry.

There are so many people involved in a construction project, which equates to a slew of data. Just one missed report can do damage. The amount of data that flows and the paperwork alone can be too much to handle.…

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Your Own Construction Company is Possible through Franchising

If you’ve ever caught yourself admiring some type of construction work–whether it be vinyl siding, paint, carpet, whatever – and curious about preconstruction meaning, as well as the intricacies of a construction project’s process–you may also find yourself thinking of doing that type of work as a career, especially if your current employment is stagnant, unfulfilling, or insecure.

Construction business owner

The fact that you are inspired by the work of others shows that you have a heart for the trade. Once you’ve got that, you’ll be willing to do what it takes to succeed–learning the skills, doing the legwork, and making a quality product.…

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Before You Build: Construction Industry Concerns for Small Business Owners

Real estate offers a lot of opportunities, particularly when you have construction skills and can handle rehabs in-house. When you have those construction skills, starting a small business centered around repairs and rehabs can seem like a good way to pay the bills.

Refurbish a house

Before you decide to go into business for yourself as a builder or repairman, you need to have a handle on the challenges and problems. While construction can be a very lucrative industry, it also has its fair share of potential pitfalls. Make sure you have a plan in place to avoid the worst roadblocks you can run into.…

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Building Up Your Construction Company

After laying the foundations, things are finally starting to place. Here’s what to do now your construction company has left the start-up stage behind.

Construction business

Staffing

Now that you are ready to expand your construction business, you may be considering hiring full or part-time assistants where previously you have used other contractors. This is a good choice early on since it is a risk to have staff members on your pay-roll when you aren’t assured of any large income. However, if you have taken on enough clients and are assured that you can handle the risks, taking on an employee can be a much cheaper source of labour than involving other contactors.…

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