Starting a construction business without a plan is like setting sail without a compass. While you might eventually reach your destination, the journey will likely be longer and more challenging. A well-constructed business plan is essential for guiding your business toward success.

 

Here's why

 

It Clarifies Your Vision

 

A business plan helps you articulate the vision for your enterprise. It forces you to think through every aspect of your business, including what you want to achieve and how you plan to get there. This clarity is crucial for communicating your vision to potential investors, partners, and employees.

 

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Topics: Strategic Planning, Business Plans, Business Plan For Your Construction Company, Systems, Business Planning For contractors, Construction Systems And Processes

The pains caused by an economic downturn can be excruciating, which is why most of us dread it.

A recession can mean massive layoffs, jobs becoming harder to find, and wages frozen, which means consumers hunker down and spend less-- often worsening the slowdown unknowingly. 

For most businesses, especially small businesses, recessions can be brutal. Just take, for example, the Global Financial Crisis (GFC) that struck the world in 2008. Between December 2008 and December 2010, approximately 1.8 million small businesses shut down. When Investopedia looked into the financial crisis's impact on small businesses after a decade, they found out that business creation has not yet returned to pre-crisis levels. 

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Topics: Be Do Have, Cash Flow, Construction Marketing, Business Plan For Your Construction Company, Contractor, Contractor Tips, finance, Construction Business After COVID-19

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Plan Your Work Then Work Your Plan

But Who Has Time To Plan?

Do you know of a contracting company that runs smoother than yours? They have the same challenges you do:

• Getting enough qualified leads to bid on and winning enough of them at a price that is profitable
• Finding employees who will arrive on time, do the work and not steal time, materials or customer
• Having enough cash to pay the bills before the end of the month and cash left over for the owner

In the past when you wanted a formal Business Plan it was more painful than a letting a dentist work on your teeth without using any painkiller! We found the answer. A simple financial forecasting tool that links to your Contractors QuickBooks file, does most of the work for you and it's...PAINLESS!

The Best Parts:

• Cloud based so you can access it 24/7 from any web enabled device
• Links to QuickBooks and updates automatically which means you never have to open QuickBooks
• Financial Reports and forecasting help you lead your contracting company to success and prosperity

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Topics: Business Plans, Business Plan For Your Construction Company, Live Plan, LivePlan For Contractors, Business Planning For contractors

Business Plans Stir Up Debate!

If you are a contractor you are most likely a "doer", someone who gets things done, not now but right now! When you see anyone not swinging a hammer, drilling holes, pouring concrete, laying carpet, putting paint on the walls or a thousand other construction tasks the first thing you think is they are wasting time and money and you want no part of that nonsense!

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Topics: Business Plan For Your Construction Company