If you were to ask several different construction business owners: “How would you grow your construction business?” Some will say, “If I want to grow my business I need to win more projects.” But really, what you need to understand is,… Read More
Blog
Are you winning too many home building contracts or not enough?
Insight from a builder who needed to ask himself: “Am I winning too many home building contracts?” In August, I was driving to a country town to visit a client for training. With plenty of time to spare, I decided to… Read More
Are you a Proactive or Reactive construction company
Are you proactive or reactive? Let’s first understand what that means. Oxford dictionary defines Proactive or Reactive as follows; Proactive: Creating or controlling a situation rather than just responding to it after it has happened. Reactive: Acting in response to a… Read More
SuperStream Compliance. Business health evaluation.
SuperStream Compliance. What is it? SuperStream Compliance definition, as outlined by the ATO: SuperStream is the way businesses must pay employee superannuation guarantee contributions to super funds. With SuperStream, money and data are sent electronically in a standard format. SuperStream transmits money… Read More
Maximise builder profit margin to be a profitable construction business
Regardless of the size of the construction business, we all face the same issue of getting the balance correct. Maximising the builder profit margin and minimising overheads are key factors to managing a profitable construction business. Furthermore understanding the difference between… Read More
Avoid financial risk in construction industry with these 5 builder tips
As ex-builders (45 years in the building trade) we at Bizprac have made a commitment to our building industry. This commitment is to partner with more builders. Our vision is that our builder partners will use improved processes to make sure… Read More
Construction company accounting procedures that save you money
One of the biggest problems in business today is people are time poor. Consequently, ineffective processes and incompetent construction company accounting procedures can reduce the daily output. Does your typical day at the office sound like this? Arrive around 6.45am… Read More
Run a Successful Construction Company and avoid Financial Ruin
Yesterday the reserve bank announced their decision to cut interest rates again by a quarter of a percent. Today, within the space of 15 minutes, my inbox received notifications from 3 separate regional newspapers. The topic of each article was… Read More
Construction estimator software will speed up your estimates
Two things you need to consider before using construction estimator software to create an estimate. They are Perception and Reality. Your clients’ perception of the finished product is their reality. A working drawing, signed by the client, will confirm that their… Read More