Discounts for Early Payment?
Perhaps you’ve noticed competitors offering discounts for early payment and are tempted to do the same? Offering discounts for early payment can indeed be useful, but it’s not a great strategy to become overly reliant…
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Pain Points: Think Ahead…
Before 2025 gets too much further along, it’s a good idea to check in on your business plan. The smart move isn’t clinging to outdated projections but proactively anticipating challenges. For example, consider how disruptions…
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Best In Class?
“Best in class.” It’s a phrase thrown around a lot, but what does it actually mean to be a best-in-class contractor? Seasoned industry experts remind us that it’s not about luck: it’s about having a…
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Marketing Plan? Start With the P&L…
How many leads generate the number of prospects that turn into the number of customers needed to run your construction business profitably? Clarity is essential to a successful marketing plan. That’s why pros remind us…
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Don’t Get Hammered: Cash Management Woes?
The construction industry is tough. You’re juggling bids, materials, labor, and a million other things. But for many business owners, the biggest challenge of all is keeping a steady flow of cash coming in….
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Public Builds: Bid Time?
In the continued effort to breathe new life into roads, bridges, airports and other vital transportation infrastructure across the country, nearly $9 billion in federal funds was recently authorized and is headed out to states….
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Spiral Effect: Pre-Apprenticeships?
As efforts to solve the labor shortage in construction progress, business leaders around the country have increased opportunities to get involved in regional programs. For example, the International Union of Painters and Allied Trades…
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New Year, New You?
Most construction business owners start their companies with a passion for building, and probably bring a particular area of expertise too. Makes total sense. Here’s the hitch though: successfully growing the business usually requires…
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Water Damage?
Won a new project? Great—but, are you clear on the foreseeable risks? In particular, water damage claims have been on the rise, making water damage prevention strategies a must for all construction business owners,…
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