Home Maintenance Business Ideas for Independent Contractors
The Constructor
MAY 13, 2021
There are various businesses that you can venture into for making the most profits. One business idea you can consider is providing quality services.
The most important construction KPIs to improve profits and productivity
Lets Build
JUNE 23, 2023
If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. What mistakes were made on the less profitable jobs?
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The most important construction KPIs to improve profits and productivity
Lets Build
JUNE 23, 2023
If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. What mistakes were made on the less profitable jobs?
Practical Tips For Encouraging Repeat High-Profit Clients
Contractor Bookkeeping
NOVEMBER 19, 2021
Many data support the idea that it's less costly, easier, and more efficient to encourage repeat customers than bring in new ones. Understand The High-Profit Client - Most of them have personality traits commonly known as drivers - folks who are accustomed to getting things done quickly and efficiently.
7 ideas to make implementing lean more successful for your construction projects
Lets Build
SEPTEMBER 30, 2022
The construction industry is on the rise in the UK, and the top construction professionals are looking for ways to grow their businesses, improve their operations, and increase their profits. The post 7 ideas to make implementing lean more successful for your construction projects appeared first on LetsBuild. That’s the lean approach.
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Four Key Words To Increasing Your Contracting Cash Flow And Profits
Contractor Bookkeeping
MAY 6, 2016
I have an idea." (for Highly profitable and very successful Contractors like you respond with. The Four Most Important Words Your Construction Clients Say: "While it's open anyway." (the the walls, floors, ceiling). Since we're this far." (in in the project, remodel, new house). "I for more work to be done, change something).
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The Dangers of a Toxic Culture
Construction Business Owner
MAY 5, 2017
Before becoming Harley Davidson, William Harley offered a supervisor a new idea. Whether toxic or healthy, culture is the driver of innovation, employee satisfaction and profitability. The supervisor literally smashed Harley’s invention, and told him to get back to work. How did Harley react?
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Apply NOW for the National Housing Quality Award!
Pro Builder
DECEMBER 1, 2022
Applying for the housing industry’s top business award will help your company improve profitability, achieve better customer satisfaction, and sell more homes. . Applying for the housing industry’s top business award will help your company improve profitability, achieve better customer satisfaction, and sell more homes.
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5 Great Ideas In 30 Minutes
PSMJ Resources
JULY 31, 2013
Join us for a 30-minute webinar this Friday to learn 5 great ideas to better manage your firm''s utilization. She’ll be sharing stories from other firms’ successes and ideas you can use to make sure your employees are fully utilized. Friday, August 2 10:30 am PT + REGISTER NOW'
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Unique Bookkeeper Errors Reduce Contractor Profits
Contractor Bookkeeping
AUGUST 11, 2014
The banker said his Profit & Loss, Balance Sheet did not look right to him. His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports. QuickBooks Job Profitability Reports. He had to rely on his gut feeling.
Construction Strategy Increases Profitability Not Field Operations
Contractor Bookkeeping
JULY 21, 2012
Strategic Construction QuickBooks Reports Optimize Profit And Growth. Categorize Your Activities For Optimizing Profit And Growth. Invest 20% Of Your Time On Medium Value And Medium Profit Activities By Working On: $ Planning for business expansion and contraction. $ Whatever is best for you!
Four Things To Consider Before Expanding Your Service Offerings
Contractor Bookkeeping
OCTOBER 15, 2021
Adding additional services is an excellent way to increase your profitability, diversify your income and expand your market. If you don't have savings earmarked to fund your ideas, you'll want to make sure your "scaling my construction business" plan includes adequate financial planning. First things first - find the money.
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Easing Your Back Office Burden One Payroll At A Time
Contractor Bookkeeping
FEBRUARY 2, 2024
At face value, it seems like a great idea. You need to manage your employees, oversee projects, ensure compliance with regulations, and keep your clients happy. Amidst all this, you may be tempted to handle your payroll to save costs and maintain control. You feel that you can handle it yourself.
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Harvesting energy and profits: A new approach to MEP cost analysis
BD+C
JANUARY 11, 2018
Whether it’s through voluntary or regulated compliance, we are tasked with implementing new ideas that have been designed to counter a century of damaging ecological effects. When it comes to environmental issues, the AEC community plays a central and ever-changing role.
The simplest marketing strategy: Connecting with (and growing) from your current clients
Construction Marketing Ideas
MARCH 18, 2018
After all, the whole idea behind marketing and business development is to grow the business with profitable clients. Look at the data from the ongoing Construction Marketing Ideas poll. Marketers spend much energy, time, money and thought on finding new customers. But often I think we forget the basics.
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Huge Construction Company Profit Increases Are From Tiny Changes
Contractor Bookkeeping
JUNE 19, 2013
We are happy to be able to offer free Invoice templates, free Change Order templates and free estimate templates to construction contractors and other business owners to help them grow their sales and profits and have better lives for their families. As friends we exchange emails and ideas to assist one another.
Oh, By the Way — six years of estimating ideas and insights
Construction Marketing Ideas
FEBRUARY 16, 2015
Tempest Company ‘s Oh, By the Way blog , started six years ago by Don Short, has provided invaluable tips and ideas for anyone concerned with the most important challenge in bidding fixed price jobs — getting the original estimate right. The foundation of a good estimate is the quantity takeoff.
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Marketing and mark-up: How much should you allocate?
Construction Marketing Ideas
APRIL 3, 2019
In it, he discusses one of his core concepts — contractors must price their work with enough mark-up to cover the overhead and operating costs, and allow a reasonable profit. appeared first on Construction Marketing Ideas. In his post, he reminds us that every business will […].
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The better idea: We don’t need to make marketing so hard
Construction Marketing Ideas
SEPTEMBER 22, 2015
Here, I’m discovering some new ideas at the 3-d printed house project in Amsterdam. You have to know something about it, but it isn’t your core business interest (though finding and retaining profitable clients of course is a core business function.). In marketing allow for some innovation, surprise and experimentation.
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Are you succeeding? Figuring out your margins and returns
Construction Marketing Ideas
AUGUST 28, 2019
He says a successful residential contractor should have a profit margin (after expenses) of eight per cent, with the owner earning enough after-tax personal income to meet all obligations, including 10 per cent for […]. Figuring out your margins and returns appeared first on Construction Marketing Ideas.
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Free Construction Change Order Template Immediately Increase Profits
Contractor Bookkeeping
AUGUST 18, 2012
A lot of the made or lost on a job as shown in the profit and loss by job report can be traced back to how well construction change orders were handled. I have an idea. Since we're this far. Since we're this far. Since we're already doing. Why don't we do. Why not do the.
Your vote: The social media and construction marketing ideas book cover
Construction Marketing Ideas
JULY 24, 2012
We’re almost ready to publish: Social media and marketing for architectural, engineering and construction companies – What you really need to know to achieve profitable results. I expect the release will be on August 15. If you wish, you can register for a $2.00 savings on the regular $5.95
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Construction Business Growth Through Networking And Having A Mentor
Contractor Bookkeeping
MARCH 24, 2023
This is why, for good times or bad, developing a network of peers or seeking out a business mentor can be a great idea. That's not to say it's hard to find, but finding a reputable source in the Internet age is sometimes less than straightforward – especially if you have a specific problem to solve and limited time.
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Starting Profitable Construction Company Unique Secrets Revealed
Contractor Bookkeeping
OCTOBER 4, 2013
There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. Starting Or Re-Starting A Construction Company Is Easy.
Growing Your Construction Company Through Collaboration And Partnership
Contractor Bookkeeping
FEBRUARY 3, 2023
The deployment of employees in a way that allows them to work together to problem-solve and act with a shared sense of urgency; and increasing brand awareness through an alliance with people in the industry are simple, cost-effective ideas for building your company within, in the office or job site, or externally through referral and online connections. (..)
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Reviewing the Net Promoter Score
Construction Marketing Ideas
FEBRUARY 7, 2019
The post Reviewing the Net Promoter Score appeared first on Construction Marketing Ideas.
How to Understand the Costs and Benefits of High-Performance Buildings
Pro Builder
JULY 29, 2020
NAHB outlines some of these hidden values and opportunity costs, such as the idea that a building with better indoor air quality could mean less doctor visits for a resident. Tradeoffs occur when designing various features; opportunity cost is the potential profit loss when one option is chosen over another alternative.
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Process Dependent Vs. People Dependent Increases Contractor's Profits
Contractor Bookkeeping
FEBRUARY 28, 2014
There Are Three Steps To The Contractor Paradigm Shift: #1 Unfreeze - Open the portals of your mind and be open to new ideas and test them to determine if they are in agreement with your core values. #2 Cash flow issues kill contractors even though they have profit. Ignoring Profit Centers and Key Performance Indicators (KPI).
The Seven Ages of a Business
Constructonomics
AUGUST 23, 2016
This is the very start of a business, when it’s no more than an idea that’s trying to gain marketplace acceptance. Management becomes more formal and accounting needs to be stronger; money comes more from profits, banks and franchising options than from family. Money tends to come from profits, banks and government grants.
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Hedging Your Bets Against a Downturn … Now?
Pro Builder
APRIL 7, 2021
In a sales market like the one we’ve experienced since mid-2020, it may seem odd to suggest you seek out and establish new revenue sources and profit centers … that is, unless you think the current conditions will go on forever. . Why home builders shouldn't wait to seek out and establish new revenue sources and profit centers.
Improving Your Construction Technology Knowledge in 15-Minutes
Viewpoint Construction Technology
JANUARY 22, 2019
It’s a great idea,” said one general contractor attendee after our first 2019 Take 15 webinar on Using Construction Data to Manage Profit Fade. Viewpoint product experts highlight challenges contractors face and how Viewpoint’s comprehensive suite of software solutions can help solve those challenges.
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A Natural Building Network
Natural Building
APRIL 10, 2021
There was a board of directors that coordinated the organization as a non profit membership association promoting natural building principles, materials and practitioners worldwide. I think this would work great for Natural Building, because so many ideas about individual aspects of the build process would get shared around.
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Undecided
Mr Ethics
JUNE 19, 2015
I really like that idea but it kind of feels that in a bad situation we will leave others holding the bag. This is often done to allow the LLC to draw off the profits from the project and then leaving the remaining parties to fund the project and claims that will arise. They tell me that these “L.L.C.’s” for the project.
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Undecided
Mr Ethics
JUNE 19, 2015
I really like that idea but it kind of feels that in a bad situation we will leave others holding the bag. This is often done to allow the LLC to draw off the profits from the project and then leaving the remaining parties to fund the project and claims that will arise. They tell me that these “L.L.C.’s” for the project.
Legal 100
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Undecided
Mr Ethics
JUNE 19, 2015
I really like that idea but it kind of feels that in a bad situation we will leave others holding the bag. This is often done to allow the LLC to draw off the profits from the project and then leaving the remaining parties to fund the project and claims that will arise. They tell me that these “L.L.C.’s” for the project.
Legal 100
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How To Win Your Clients Back And The Secrets To Getting The Best Projects
Contractor Bookkeeping
MARCH 11, 2022
Whatever their reasons for leaving, it's still a great idea to win them back. Construction company owners - predominantly service-based businesses with monthly or yearly client subscriptions, likely deal with some level of customer churn, especially given the COVID-19 pandemic.
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Construction Estimating & Employee Incentives
Viewpoint Construction Technology
SEPTEMBER 12, 2012
The hour long presentations will leave you with some tips and ideas to help you manage your construction business. I hope you’ll consider attending these webinars – I promise you’ll pick up some valuable advice about how to win more profitable work and keep your staff motivated during leaner times.
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Commercial Construction Trends: Three Headlines That Won’t Die In 2019
HardHatChat
JANUARY 30, 2019
The good news for subcontractors is the labor shortage means higher profitability, because they are working at-capacity and able to charge a premium for their services. Add to that the subsequent economic recovery when construction activity rebounded, and many construction firms just didn’t have the manpower to meet the upswing in demand.
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Expert Secrets to Winning Projects: Overheard in the Big Room
Autodesk Construction Cloud
DECEMBER 13, 2022
Today’s contractors need to be strategic about winning new work to keep their businesses growing and profitable. Here are some ideas from professionals working in the industry today. . But that’s easier said than done. So, what is the key to winning new work? Diversity Matters .
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The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses
Levelset
MARCH 11, 2022
In addition, they make less per project and ultimately end up with too little profit, if any, to grow. But that is almost always a bad idea. The average pre-tax net profit for general contractors is between 1.4 We all have to make a profit to keep our businesses alive and growing. Tension between project stakeholders.
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98 Contractor's Networking Secrets To Increase Sales And Profits
Contractor Bookkeeping
JULY 18, 2013
They are not sacrificing themselves to the "good of mankind" or to the idea it is there duty to "Increase everyone else''s wealth with no thought of their own well-being", in fact quite the opposite. They understand the unlimited supply inherent in the Universe and intentionally use "The Law of Cause and Effect" to their advantage.
Balfour’s troubles nearing end, despite the latest £70m profit warning
DebunkTheBIM
JANUARY 23, 2015
The reconditioned management of the deeply troubled Construction Company has unveiled its revolutionary idea that will fix all its historic and more recent difficulties. What if one of them said something like this: Balfour Beatty figured out a way to end all its troubles! BB are going Paper Free in all their activities.
The Future of Women in Construction is Now
PC Construction
MARCH 10, 2023
To wrap up our celebration of Women in Construction week, over 30 women from all regions and departments of PC Construction got together virtually this morning to make introductions, connect and share ideas for the future. Industry wide, only about 9% of the construction workforce is made up of women, and only 1% in field positions.
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72 Marketing Budgets: 5 Easy Building Blocks Nobody Talks About
Help Everybody Everyday
JANUARY 8, 2018
Profit is simply what you make on an assignment after your costs. Another way to calculate it is the percent profit your firm records at the end of each year. For this discussion, let’s say your average assignment value is $100,000 and your profit is 10%. of the profit you receive from each client.
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