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    How To Prepare Your Construction Business To Go From Local To Regional Scale

    Posted by Kristin Savage on Fri, Mar 22, 2019

    Today's Guest Article Is From Kristin Savage

    The construction industry offers a lot of opportunities. Entrepreneurs developing a construction business have an insatiable desire to grow and expand. Even though this domain offers a lot of opportunities, it brings also a lot of challenges in the same package. Therefore, when you decide to expand your construction company from local to regional, there are a lot of things you need to consider. This article is going to show which strategies you can apply to have a successful transition.

    First, you should understand why you need to expand your construction in another city. Below you can find a list of questions you should answer before deciding if you are prepared for this move.

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    Topics: Profit and Growth Strategies For Contractors, Contractor, Contractor Tips, Contractor Operating Tips

    Ten Tips For Project Management Success

    Posted by Marry Madyson on Tue, Mar 19, 2019

    Today's Guest Article Is From Marry Maddyson

    On the surface, project management is a straightforward task.  You set requirements for a project, get the right people, monitor the work and everything gets done on time. Well, it is more complicated than that and in reality, most projects managers are harassed a lot. Many things that can go wrong do go wrong leading to delays and budget overshoot among other problems. But businesses and project managers can avoid all these hitches through simple and effective management strategies. If you are a construction contractor, a student looking for “someone to do my homework,” on project management success, or a newly-hired project manager, the following tips will help you a lot.

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    Topics: Contractor, Project Management, Contractor Operating Tips, Project Management For Construction

    How To Manage Late Payments For Builders, An Expert Guide

    Posted by John Dela Cruz on Fri, Mar 15, 2019

    Today's Guest Article Is From John Dela Cruz

    One major headache for builders are the late payments of invoices. Builders seldom get the payment for their completed construction work at the right time and date. Professionals have recorded multiple payment cases and the slow paying issues are at the top of it. The unacceptable idea is that contractors seem like the last person to receive the reward for their hard work. Can you imagine finishing a building work without receiving a penny? Disappointing, isn't it?

    Cash flow is king! Numerous startup builder companies are depending on paid invoices of clients. These payments are the bloodline of the entire business. Therefore, unpaid invoices can affect the production of work.

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    Topics: Payment Collect, Contractor, Contractor Tips, finance, Contractor Operating Tips

    Effective Marketing Strategies For Your Construction Company When You're On A Tight Budget

    Posted by Ellen Lawton on Tue, Mar 12, 2019

    Today's Guest Article Is From Ellen Lawton

    To market your contractor services, it would take a lot of time, commitment and money in order to make it effective. While putting in a ton of money probably isn’t an option, more time and effort is. Especially if you prioritize it on your list.

    The strategy offered below serves to eat up the least amount of your budget while still allowing for amazing results.

    To plan a great marketing campaign, here are some things that you need to know:

    • Define your goals - What do you want to achieve with your marketing campaign?
    • Research the audience - What is the audience looking for in a contractor?
    • Build a recognizable brand - Website design, logo, brand voice etc.
    • Use social media - do this heavily to get noticed

    This way, you can define how much budget you would need for ultimate results. Next, here are some practical tips on making sure that budget stays on the low side while still excelling at marketing and getting conversions from your marketing efforts.

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    Topics: Marketing, Contractor, Contractor Tips, Contractor Operating Tips

    5 Ways Drone Technology Is Revolutionizing The Construction Industry

    Posted by Parth Mavani on Fri, Mar 08, 2019

    Today's Guest Article Is From Parth Mavani

    Technology is shaking almost every facet of our personal and professional lives. Whether you are a tech enthusiast, a tired engineer or a corporate cog who loves the status quo, you can barely live without technology today. Automation, construction accounting software & accounting software, computerization, and artificial intelligence are now the order of the day.


    Then there is the drone technology. Initially, drones were used for aerial photography. But today, drones are finding broad applications in the construction industry. They are changing the way project managers operate a product. Drones make things accessible across different sectors of building development and infrastructure.

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    Topics: Contractor, Project Management, Contractor Operating Tips, Drones

    Construction Bookkeeping And Accounting - Expectation Vs Reality

    Posted by Randal DeHart on Fri, Feb 22, 2019

    Construction Bookkeeping is something you need to understand first, then learn. Over the years, hundreds of people have told us how easy QuickBooks is to use and how hard QuickBooks For Contractors is to use, and that is so true.

    Here is what I see repeated many times among construction companies: You usually hire an “office admin with experience in QuickBooks," ask your spouse or significant other to do it for you, or you try your best and do it yourself. Some would take the time to hire an in-house bookkeeper – not knowing what they need is a Construction Bookkeeper/Accountant.

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    Topics: construction suppport, Contractor Sucess, Contractor Tips, Contractor Operating Tips

    The Home Improvement And Repair Contractor Success M.A.P.

    Posted by Randal DeHart on Fri, Feb 08, 2019

    You started your service business doing what you love thinking all you had to do was get good jobs, finish the work promptly, and make a lot of money. Then one day you get a rude awakening that getting jobs done and doing the work was only a small part of being in the home service industry. What started as an adventure turned into something not as fun as you thought it would be. You are now experiencing the challenges of being self-employed: How can I generate more leads? How much should I charge for this job? What can I do to be more productive and increase my profits?

    The secret is in thinking patterns and habits.

    • Success is a few simple disciplines practiced every day
    • Failure is a few errors in judgment repeated every day

    Which goes to show you that almost any home improvement contractor can generate enough cash flow and profits from their business to turn their contracting company from a people-dependent money pit into a process-dependent cash cow, and have the freedom they dreamed of when they started contracting.

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    Topics: construction suppport, Contractor Sucess, Contractor Tips, Contractor Operating Tips

    The Biggest Management Strategy Problems Construction Companies Face Nowadays

    Posted by Jacob Dillon on Fri, Feb 01, 2019

    Today's Guest Article Is From Jacob Dillon

    As a construction business owner, you're probably rarely concerned about management strategies. Perhaps, you are more focused on signing new contracts and successfully completing the work. Then, you measure the results, usually in the form of numbers that the accounting system launches.

    This is already a management strategy. You make plans on what kind of contracts you want to propose, and you plan the entire process around completing a contract. Then, you measure your achievements. If you implemented a marketing campaign to promote your business, your business management strategy is even more complete. But it’s not entirely complete until you call it with the right name and approach it from the right angle.

    We’re talking about a management strategy, also known as strategic management. This is the plan for managing your company’s resources in the most effective way to achieve its goals and objectives.

    In practice, it means that the strategic management of your construction business will set precise goals, analyze the market and competitive businesses, analyze the structure of your organization, and plan all the right steps towards achieving your goals.

    Each new aspect of your marketing campaign and every new contract must be seen as part of your management strategy.

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    Topics: Project Management, Contractor Operating Tips

    8 Tips On Making Email Marketing Work For Your Construction Business

    Posted by Freddie Tubbs on Fri, Jan 25, 2019

    Today's Guest Article Is From Freddie Tubbs

    As a contractor, you probably have some former clients you want to stay in contact with and a need to bring the new customers in. The ideal way is to communicate with both of these groups in a timely, consistent manner and let them know what you are up to.

    Since most people use email to communicate, this could be an excellent opportunity for you to catch their attention and build a good relationship. It gives you complete control over who sees your messages and you can be sure that your emails will go to everyone on your list. Social media is, in contrast, quite fickle and sometimes people will miss your posts unintentionally. This is why well-written emails from you might do a far better job.

     

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    Topics: Project Management, Contractor Operating Tips

    7 Mistakes When Writing A Construction Business Proposal

    Posted by Daniela McVicker on Fri, Jan 18, 2019

    Today's Guest Article Is From Daniela McVicker

    If your construction company doesn’t provide unique services, you should clearly understand that you have a lot of competitors, who write business proposals almost identical to yours. It’s not surprising that clients always find it difficult to make a choice in your favor when all options seem to be equal.

    For this reason, it’s crucially important to learn how to make your construction business proposal stand out from the crowd. If you want to define, which mistakes you usually make and how to avoid them, just keep reading.

     

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    Topics: Project Management, Contractor Operating Tips

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