{"id":7190,"date":"2020-08-15T00:00:00","date_gmt":"2020-08-15T00:00:00","guid":{"rendered":"https:\/\/bxglobal.wpengine.com\/ca\/6-top-tips-to-help-you-grow-your-business-now\/"},"modified":"2022-04-28T06:13:47","modified_gmt":"2022-04-28T06:13:47","slug":"6-top-tips-grow-your-business","status":"publish","type":"post","link":"https:\/\/stage.buildxact.com\/ca\/blog\/6-top-tips-grow-your-business\/","title":{"rendered":"6 top tips to help you grow your business now!"},"content":{"rendered":"

If\u00a0you\u2019re\u00a0looking\u00a0to grow your construction business,\u00a0the best time is right now.\u00a0It can\u00a0feel\u00a0like a daunting task, and\u00a0you\u00a0may not know where\u00a0or how\u00a0to begin,\u00a0so we thought we\u2019d give you a hand and\u00a0list\u00a0some basic strategies that you can\u00a0quickly put in place. Here are six tips from\u00a0Builders Coach,\u00a0Kurt Hegetschweiler<\/a>.<\/p>\n

1. You, your team, and setting goals<\/h2>\n

Most builders\u00a0don\u2019t start as\u00a0business people, but to advance your business,\u00a0 alter\u00a0your mindset\u00a0and\u00a0your habits,\u00a0and see yourself as a\u00a0business\u00a0leader.\u00a0Embrace\u00a0the\u00a0concept of\u00a0business development, set your standards and your goals,\u00a0and\u00a0make the commitment to\u00a0put in place the changes necessary to set your\u00a0business up for success.<\/p>\n

Ask yourself what you want your business to look like and what needs to change to achieve your business goals?\u00a0It\u2019s essential to start with a clear vision\u00a0before implementing an action plan.\u00a0Equally as important are the people that surround you.\u00a0 Your team should embrace your\u00a0standards and values, including your subcontractors, admins, bookkeeper or accountant,\u00a0and legal advisor.\u00a0With your leadership,\u00a0the right\u00a0people in place,\u00a0and clearly defined roles\u00a0and responsibilities, changes are easy to implement.<\/p>\n

2. Find your niche<\/h2>\n

When you begin actively market your business, there\u2019s a good chance that inquiries will inundate you, which may be overwhelming. While some inquiries may be precisely the type of opportunity that you want, many won\u2019t be a good fit and not worth your time or effort. Before you move full steam ahead with your marketing efforts, determine your niche or specialization. A clear delineation will enable you to differentiate your business, target specific inquiries, and make your business most relevant to prospects.\u00a0 For example, does your company specialize in renovations and remodeling, custom builds, net-zero houses, etc. Once you have determined your niche, start marketing!<\/p>\n

3. Control your finances<\/h2>\n

Profit and loss,\u00a0cash flow, margins,\u00a0and break-even points are crucial to being under control for every job. Using estimating and project management\u00a0software\u00a0such as\u00a0Buildxact<\/a>\u00a0will ensure your quotes\u00a0are accurate with consistent margins\u00a0across the board.\u00a0You\u2019re able to gauge your profit and loss and cashflow\u00a0at any given time on a job.<\/p>\n

While using a system to manage your financials is a \u2018must,\u2019 we also recommend:<\/p>\n