Problems cost contractors and construction businesses big time.
As much as 10% of revenue is vacuumed out of a contractor's pair of jeans because of:
- mistakes
- miscommunication
- materials disappearing
- lost productivity
- the "domino" effect of problems
Even a small improvement in efficiency can have a BIG impact on profit.
If a contracting business increases its efficiency by 5% and it has a 10% net margin, then you can increase your profit by 50%.
If you cut mistakes in half, you could double your bottom line.
A few simple changes can add up to a significant increase in profits - and the true effect of improvements go through the roof when you add them up over several years.
There are also other benefits to a smoother running business; it's more fun and less stress.
Learn about the human cost of killer problems (and why it's an opportunity in disguise)...
Scott Hutchinson
scott@builditsystems.com
1 866 585 5050 ext 1
Contracting businesses face a long list of challenges - many can be reduced and even eliminated.
How?
Think about what these have in common:
- Mistakes
- Miscommunication
- Cost overruns
- Missed deadlines / slipping schedules
- Working from incomplete / wrong information
- Upset clients
- Pissed off workers
- Employee turnover
- Too much or too little business
- Job stress
- Business stress
These issues can all be reduced and in many cases, eliminated entirely. That's a bold claim. How can it be done?
The answer is straightforward: Put business systems in place to help manage information and workflow. Seriously, it's that simple.
Business systems are the only real answer because they help manage people and information efficiently, consistently, and reliably.
The problem is, it's a monster job to develop your own business systems. It takes a ton of work to figure out what you need and then make it all happen - but not having business systems costs a lot more in the long run.
Is there a better way? You bet...
Learn why killer business problems cost you money (and why it's an opportunity in disguise)...
Scott Hutchinson
scott@builditsystems.com
1 866 585 5050 ext 1