Thursday, April 18, 2019

Four Ways to Future-proof Your Construction Business

Contractors are facing business threats on many fronts — volatile economic conditions, disruptions in global trade and competition from new industry players all make it difficult for traditional construction players to keep their heads above the water. Contracting businesses can leverage the latest business models, tools and technologies to neutralize these threats and thrive, no matter the conditions.

Today, very few contractors enjoy profit margins much beyond 3% even during times of strong economic growth, and even large contractors can be just one failed project or market dip away from insolvency. To understand what causes this volatility we need to know where to look for potential threats.

Modcoach Note: Very good article but I had to read it twice for some of the material to sink it.

CLICK HERE to read the entire For Construction Pros article

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