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Common Construction Business Pitfalls And How To Overcome Them

Posted by Sharie DeHart on Fri, Feb 23, 2024

Construction Company owners like you have probably experienced life-changing events in the past few years, as many of our clients did. Are you struggling to keep your construction business afloat? Do you find yourself facing the same issues over and over again? It's common for construction businesses to meet various challenges, but if you're not addressing them properly, they can quickly become pitfalls. 
 
1. Poor Cash Flow Management 
 
One of the biggest challenges for construction businesses is managing cash flow. You need cash to buy materials, pay workers, and keep your business running. However, you may be in a cash crunch if you don't correctly deal with your cash flow. To avoid this, you should create a cash flow forecast and regularly update it. This will help you anticipate cash flow issues and take steps to address them before they become a problem. 
 
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Topics: Profit and Growth Strategies For Contractors, Leadership Styles, Project Management, Construction Productivity

Improving Productivity And Leadership Mentality As A Contractor

Posted by Sharie DeHart on Fri, Feb 09, 2024

As a construction business owner, improving productivity is essential to your company's success. But you may often find yourself pulled in different directions by competing responsibilities. At some point, we all experience that.
 
Classifying tasks and tackling the most time-consuming ones can feel daunting. But why is it so hard for us to start – or even finish – seemingly insignificant tasks? Why do these tiny tasks become the bane of our existence, tempting us into procrastination limbo? 
 
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Topics: Profit and Growth Strategies For Contractors, Leadership Styles, Project Management, Construction Productivity

Becoming A Better Project Manager By Improving Communication Skills

Posted by Sharie DeHart on Fri, Jan 05, 2024

In the construction industry, communication takes many forms, including written reports, drawings, emails, and face-to-face meetings. Each form of communication has its own set of advantages and disadvantages. For example, written reports and illustrations provide a permanent record of information, but they may not be as effective in conveying complex ideas as face-to-face interactions. 
 
Understanding how construction business owners and project managers, like you, if you do both (a one-person company), adapt to their environment, and facilitate procedures could make your company run smoother because there is no money in workplace chaos.
 
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Topics: Leadership Styles, Construction Project Managers, Contractor Leads, Contractor Tips, Project Management, Project Management For Construction

Becoming A Better Construction Leader By Practicing Generosity

Posted by Sharie DeHart on Fri, Nov 17, 2023

If you have been lucky enough to encounter generous people, you understand they have a unique gift for garnering the respect and admiration of individuals around them. When you are a leader, having a positive relationship with the people who follow you is a huge asset you cannot put a price on. 
 
In the construction business, generosity and helpfulness are two fundamental traits that can make a business successful. When contractors are willing to share their knowledge and expertise with others, it creates a sense of community and fosters growth and success for everyone involved. Additionally, when contractors are generous with their time, resources, and even their finances, it can significantly impact the success of other businesses and individuals. 
 
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Topics: Leadership Styles, Construction Project Managers, Contractor Tips, Project Management, Project Management For Construction

A Guide To Building A Solid Construction Company Marketing Plan

Posted by Sharie DeHart on Fri, Jun 23, 2023

As a contractor, having a solid business plan is essential for growing your company and attracting new clients. If you're serious about getting the best value you can for your marketing budget, you'll need to develop a marketing plan.

One of the first steps is to identify your target audience. Who are your ideal clients? What are their needs and pain points? Once you understand your target audience, you can develop a marketing strategy that speaks directly to them.

Building a solid construction company marketing plan is essential for any business owner looking to grow their company. With the right strategy, you can increase your brand awareness, generate leads, and ultimately boost your revenue.

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Topics: Success In Owning A Construction Business, Leadership Styles, Contractor Tips, Building a Construction Business

Becoming A Better Construction Company Owner By Developing Courage

Posted by Sharie DeHart on Fri, Jun 02, 2023

Fear is a natural, emotional response to distress. The evolution of humanity was dependent upon feeling and responding to fear. Unfortunately, for some of us, fear is a stumbling block to unlocking our full potential and becoming great leaders. 

Fear can have a significant impact on business activities. If a business owner is afraid of taking risks or making decisions based on past negative experiences, it can hinder their success. It's important to remember that fear is often based on False Evidence Appearing Real or F.E.A.R. It's crucial to approach business decisions objectively and not let fear cloud judgment. By recognizing and addressing fear, business owners can make informed decisions that lead to success.

The good news is that courage is like a muscle, and when you exercise courage, it often becomes more robust and more natural. Here are a handful of ways to overcome fear, find courage and become a better construction company owner.

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Topics: Success In Owning A Construction Business, Leadership Styles, Contractor Tips, Building a Construction Business

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