Construction labor shortages mean every minute counts on the jobsite. If you spend too much of your time tracking down tools, you can streamline your business and reduce lost assets by implementing a tool-tracking system. Bar-coded tracking systems These systems allow you to tag your tools with barcode stickers. This means even smaller tools can …
Despite the labor shortage, times are pretty good for construction firms. There is business aplenty and you may be wanting to take on more employees to increase the number of projects you can complete this fiscal year. Growing is good, but growing too fast can be disastrous. One of the symptoms to look out for …
A recent study by Unity Marketing found that most businesses focus on acquiring new customers when they could be more profitable if they focused on their existing customers instead. The study found that a 5% improvement in customer retention could boost profitability by 25-85%. Having loyal, satisfied customers is what bolsters your bottom line. So …
Getting the job done quickly and efficiently means you can complete your punch list and move on to the next job. Delays can really eat into your profit margins and leave your customers feeling frustrated and unsatisfied. Here are a couple of tips on how you can move through the punch list faster. Invest in …
As a construction manager, getting the admin done in time can help you to keep your business thriving. Taking time to communicate effectively and get everything in writing will protect you and your client and ensure you get paid on time and in full. Taking time to draw up contracts and alter them as the …
It used to be that the number of bedrooms and bathrooms was what determined a home’s retail value. Times are changing and so have the demands of potential homeowners. Keeping on the cutting edge of market demands will help you to build homes that sell fast and renos that maintain your profit margins. With couples …
Many callbacks are the result of too much moisture in the home. Not only can this result in mold and mildew, but swelling of materials can cause buckling, cracking and other issues. Here are some common ways that water finds its way into a new home. Proper Drainage Intersecting roof planes can make for stunning …
Sure, as the owner of a construction firm, you get to be your own boss, but construction is a very stressful occupation. As a small business owner, you have payroll, taxes and getting new clients to think about. With the construction labor shortage, it can be really difficult to keep your team together. Every building …
The building industry has traditionally been reticent to adopt change. Construction professionals have been building homes in the same way for decades and, while they are quick to upgrade tools, they don’t usually go for every technological fad that hits the market. Drones, however, are no fad and their usefulness coupled with relatively inexpensive upfront …
Construction projects have a nasty reputation of going over budget and taking twice as long as predicted. As a construction professional, you know there are really good reasons for that. Material prices and availability are volatile, and they affect your bottom line. You often discover issues once you start a new build or reno that …
