Blog Summary: Do you want your construction business to survive… or thrive? We break down 10 simple strategies that will help your construction company find success.
Are you running a successful construction company (or plan to)? If so, you know that growth is the key to long-term success in the business. Holding steady is fine for a while, but as competitors grow and operating costs rise, your company must evolve to avoid being pushed aside in your market.
Obviously, growing your construction business is easier said than done (otherwise, everyone would be doing it). So how do you keep your company moving in the right direction? We’ve collected 15 simple tips to keep top-of-mind in the days, weeks, and months to come. Follow these strategies, and you’ll be in a great position to create and maintain the momentum you need to succeed!
1. Assemble an All-Star Team
In the construction industry, the people you choose to work with are your most valuable assets. Network and collaborate with skilled, trustworthy professionals using PlanHub’s powerful networking tools and watch the quality and efficiency of your projects climb through the roof.
2. Invest in Technology
From electric-based equipment to all-in-one management solutions like PlanHub, there are always new tools on the horizon that could help you become more productive, profitable, or even environmentally friendly. Invest in yourself and stay ahead of the curve to give your company the forward-thinking reputation it needs to grow within your market (or expand to new ones).
3. Be True to Your Wheelhouse
Growth only occurs when you earn more opportunities that fit your core competencies. In other words, don’t bite off more than you can chew. If you stay focused on landing more business you can successfully handle, you’ll be headed towards a greater track record of success.
4. Spread the Word
In an industry where reputation means everything, do all you can to create strong word of mouth for your company. Finding ways to encourage customers to share positive opinions about your business is important, but providing them with those great experiences? Well, that’s absolutely crucial.
5. The Need to Network
Don’t depend on organic word-of-mouth to get the word out about your company, not when there are plenty of ways to take matters into your own hands by networking. Joining a trade association, getting involved in a nonprofit organization, or being active on popular networking platforms like PlanHub are all great ways to build brand awareness, discover new projects, and make valuable connections throughout the industry.
6. Stay Classy
As basic as this may sound, it’s worth mentioning – no matter what the situation entails, always take the high road. In any business, disagreements occur and tempers can flare, but your temperament during these interactions could go a long way towards alienating a potential repeat customer (or, if you keep your cool, locking in long-term loyalty).
7. Don’t Skimp
There are levels to – well, everything in the construction business. From building materials to hired labor, there will always be options to save money by settling for lower quality. Fight those temptations and prevent your company from being saddled with a reputation for less-than-stellar work. Play your cards right and those added expenses
8. Stay Connected
Keep your team updated and engaged throughout every step of a project’s process. Providing your crew with 24-7 access to new information via a cloud-based management tool like PlanHub not only helps keep your project moving efficiently, but it also empowers your entire team and makes them feel properly valued.
9. Act on Feedback
Be open to the comments, constructive criticism and requests you’ll hear from those you do business with. They are essentially telling you how to become the company they’d love to work with again and again, so take their suggestions into consideration and become their first phone call for new projects.
10. Satisfy Your Customers at All Costs
The customer is your boss, so treat them (and the work you do for them) with the utmost respect and care. Set acceptable expectations for them and then do all you can to exceed them. In the long run, your commitment to their satisfaction will hopefully be recognized and rewarded with strong word of mouth and repeat business.
PlanHub’s All-in-One all-in-one hub for commercial project leads, networking, bid management, takeoff, estimation, and insights has all the tools you need to increase productivity and grow your business. Check it out today!
