03/27/2015 | By Scott Siegal
Has your business as a contractor come to a crossroad? Are you in need of a re-BOOT? Now is the time to take advantage of one of our Boot Camps and kick start your career as a contractor!
Have you been wondering why your competitors are successful and you’re not? Well, we can’t tell you why, but we can surely show you what you can do better. We all know time is money so why not add value to your time and come join us at our next meeting?
3 Reasons Why Contractors Fail
There are many reasons why contractors aren’t successful and even end up filing bankruptcy after many years of growth. Here are just a few of the mistakes we see:
- ORGANIZATION – This is an area we often see poor leadership and poor financial management in. Failure usually starts from the top. You see insufficient capital or profits along with the general lack of business knowledge. The latter will help you fail in ANY business! We also see a lot of failed marketing techniques.
- STRATEGY – This is where all those bad business decisions hurt most contractors. They have unrealistic growth expectations and are unfamiliar with new markets. Contractors become obsessed with volume and making promises they can’t keep. Poor project selection is a big killer as well.
- UNCONTROLLABLE – This is where a bad economy and a weak industry will hurt most contractors that don’t have a solid foundation. Contractors also have no control over what banks are willing to do with loans.
Be Our Guest
As a contractor, you want to have the right people in the right place. After all, the construction business is a people business. Contractors, nowadays, are focusing on their cultures. A strong culture will have the ability to be more disciplined with their finances and can adapt to industry changes much easier.
Did you know, you can be a guest at our contractor sessions before you decide to join? That’s pretty great, especially if any of the pitfalls we mentioned above sound like some of the areas you may need help with in your contracting business!
Join us for one of our BOOT CAMP sessions soon and find out everything you need to know about being a successful contractor! We even offer free tickets from time to time!
Contact us today if you’d like to join our next event!
Building the best,
Scott
Share
About CCN
Read More Blogs Like This
Related Posts
Contractors4 Tips for Improving Construction Project Management
Construction projects include various individual steps and tasks, which can make it difficult to stay on track with your budget and timeline. From the initiation phase to close-out, construction projects are complex and lengthy. Here, the professionals at CCN walk through four tips to make project management simple. Have A Thorough Understanding of the Project …
Technology Tips for Contractors: Building Information Modeling (BIM) Gaining on CAD
Building Information Modeling technology (BIM) is a process that involves the creation of digital models including physical and functional aspects of home remodeling. BIM is facilitated by a variety of tools, technology, and agreements. It is continuing to make advances in everyday home construction and remodeling after being recognized as a key influence in substantial…
ContractorsTop Roofing Materials for Severe Weather Conditions
Roofs are constructed to repel against heavy rain, thunderstorms, hurricanes, winds, snow, hail, and other major weather conditions. Although most roofs provide protection from these conditions, certain roofing materials have an advantage over others during severe weather conditions. Below, the home improvement professionals at Certified Contractors Network detail the benefits of some of the most…
Business PlanningWorker Safety in the Construction Industry
Construction sites are a naturally dangerous setting even when safety is a top priority. As an owner or manager in the contracting industry, it is essential that you take action to protect your company’s employees. Below, the experienced professionals at Certified Contractors Network discuss the importance of worker safety and what to do as an…
TechnologyLead Generation for Contractors: Top Seven Technologies to Consider
Trust plays an essential role in gaining customers and obtaining contracts, and a key driver in lead generation. Traditional lead generation strategies such as television commercials, billboard ads, and radio ads have been less successful with the advancement of technology. Lead generation companies allow contractors to generate exceptional leads. Below, the experienced contractors at Certified…
Personnel ManagementOperations of a Human Resources Manager in the Construction Industry
Human resources is a fundamental department in the construction industry. Without human resources, a construction project cannot be completed successfully. Below the experienced professionals at Certified Contractors Network discuss the functions and importance of human resources in the construction industry. Roles and Responsibilities of an HR Manager In Contracting Human resources management encompasses everything from…
ContractorsFive Tips to Avoid Water Damage Insurance Claims for Roofers
Water damage to a homeowner’s property as a result of a leak or unanticipated thunderstorm is the leading cause of insurance claims in the roofing industry. Unfortunately, even if you and the homeowners do everything right, water damage can still occur and lead to expensive insurance claims. If these claims are not handled quickly and…
Business PlanningRising Material Costs to Continue in 2021
The Producer Price Index for construction goods rose 5% over the three-year period ending in November 2020, per the Association of General Contractors. There are many factors causing the rising cost of materials. Tariffs and trade issues drive costs up, as do environmental regulation and changing demand. Many projects require lumber, steel, fuel and…
ContractorsTechnology Tips for Contractors: Frequently Asked Questions on QuickBooks for Contractors
Sloppy bookkeeping and billing practices is one of the most basic drivers of underperforming contracting companies. Maintaining good bookkeeping is essential to profitability for companies and peace of mind for owners. Intuit’s QuickBooks software has served as the industry standard for bookkeeping across nearly all industries for decades. Construction is no exception to this rule. …
ContractorsHR Tips for Contractors: Employee Retention for Contractors Paramount Amidst Labor Shortage
The labor shortage for builders is well documented, with some research suggesting as much as 80% of construction companies reporting not being able to find enough skilled workers. While statistics like that tend to grab the headlines, the more important part of the story for contractors is how significant that makes employee retention and development…