Construction is a risky business. And it's more than bricks and cement – you’ve got to know how to manage your construction business, find new customers, provide a good work environment for your employees, and somehow get around to client management too.
We’ve compiled a list of four resources to help construction businesses thrive in 2023.
Harvard Company Review's HBR IdeaCast is a weekly podcast focused on business management, marketing, and entrepreneurship. The episodes are 30 minutes long and provide concise but relevant information. The podcast offers a global perspective on business trends and best practices.
Successful construction projects require effective planning and execution, and the HBR IdeaCast regularly features discussions on business strategy and decision-making that can be applicable to the construction industry. Secondly, it provides the opportunity to learn from industry leaders who share their experiences and insights on leadership, strategy, and innovation. Lastly, it can help construction professionals stay up-to-date with the latest research and thought leadership in the business world.
Overall, listening to the HBR IdeaCast podcast can provide individuals in the construction industry with valuable insights, ideas, and inspiration for improving their leadership skills, staying up-to-date on industry trends, and driving innovation and success in their projects.
Some episodes we think will be beneficial to construction business owners include:
Since 1923, SA Builder has been Master Builders South Africa's official publication. It offers the latest news in the construction and development industry as well as discussions on industry projects, products, and personalities. It is distributed to all the members of the Master Builders Associations, national and provincial government, and all local authorities in SA.
Some of the content of their publications include:
They also provide access to download all of their previous issues: https://www.sabuilder.co.za/latest-issue-arcives/
Google Business Profile (previously Google My Business) is a powerful, free platform that you should be taking advantage of for your business in order to boost your local Search Engine Optimisation (SEO) and online presence.
As a business in the construction industry, Google Business Profile is a good way to show that your business is a professional organization while highlighting the easiest ways to get in touch with you. As you exist in an industry that most often serves clients within a certain radius, GBP and Local SEO are essential.
By claiming a business profile, you can stand out amongst the competition and catch the attention of potential customers.
Tips to improve your Google Business Profile
As someone who works in or owns a business in construction, you know all too well how up and down the industry can be. Projects can run over, materials can be delayed and unexpected expenses can arise making cash flow problems a real obstacle to completing successful projects.
Bridging finance can provide short-term funding to bridge the gap between payment milestones and ensure that construction projects stay on track. Unlike traditional bank loans, bridging finance can be approved quickly and does not require extensive documentation. This makes it a popular option for businesses that need fast access to funding.
Access to bridging finance can help construction businesses to manage their cash flow, complete projects on time, and take advantage of new opportunities as they arise.
Contractor Hub’s blog provides contractors and construction business owners resources, tools and excellent articles with tips on marketing, sales, insurance, tech, and growing your business.
These four resources should give you plenty to read, research, and listen to that will help you run your construction business more smoothly. If you’re looking for fast construction industry funding, get in touch here. Our team is ready to help you take on your next projects and grow your business.