You know it could be coming, and it might even happen within the week. When whole states are shutting down construction projects to try to slow the spread of COVID-19, it may not take long before your contracting business is affected. There are times throughout your career that you will need to suspend work on … Read more
Running a business requires you to be an expert in sales, marketing, accounting and more. Of course, you must have the skills to become a licensed contractor, but that’s usually not enough. You may not think much about it when you’re figuring out which field to choose or what services you want to offer. But … Read more
Scheduling work far out in advance is a good way of protecting your cash flow. But what happens when the flow of new projects dries up? The pandemic has changed the demand for construction significantly, although some areas are affected more than others. If you’ve been relying on a backlog to ensure that you always … Read more
In order to run a successful business, you have to keep an eye on your money. This is particularly true in the first few years, if you have to do your own accounting. There are lots of reasons to hire a professional to handle your bills and income, but it’s still wise to keep your … Read more
As the owner of a contracting business, your work might require you to take certain precautions related to environmental regulations. There are quite a few of them, and the ones you’ll work with depend on the jobs you do. Here are a few of the most common you can expect to encounter while you’re on … Read more
Construction’s a great industry to work in, but it helps if you can start off on the right foot. Although most jobs give you some flexibility, others may require you to spend a lot of time on your feet or working with your hands. Your ability to succeed in your field depends on the skills … Read more
For the moment, social distancing seems to be the order of the day. While you can still do work, your contracting business needs to be accomplishing as much as possible. But trying to do that while you stay six feet apart from everyone else and avoid touching things feels impossible. Here are five things you … Read more
When you read about consumer or business confidence, it feels like it could mean a variety of things. What does it mean to be confident in a particular aspect of the economy? How does this data change the way that you make decisions for your contracting business? And what if people turn out to be … Read more
Although it feels like construction is going through a lot of changes toward streamlining processes and automation, it really takes many years to drastically alter the function of the industry. You can probably think of many fields that used to include a lot of long work by hand that are now easily done by a … Read more
Since COVID-19 is changing lots of industries, it may be an ideal time to rethink your processes. You’ll be spending more time on certain aspects of your workflow, while others may have to go out the window entirely. But you don’t want to go back to a pattern of overpromising and under-delivering, even if that’s … Read more