{"id":7190,"date":"2020-08-15T00:00:00","date_gmt":"2020-08-15T00:00:00","guid":{"rendered":"https:\/\/bxglobal.wpengine.com\/us\/6-top-tips-to-help-you-grow-your-business-now\/"},"modified":"2022-07-17T22:17:57","modified_gmt":"2022-07-18T02:17:57","slug":"6-top-tips-grow-your-business","status":"publish","type":"post","link":"https:\/\/stage.buildxact.com\/us\/blog\/6-top-tips-grow-your-business\/","title":{"rendered":"6 top tips to help you grow your business now!"},"content":{"rendered":"

If you\u2019re looking to grow your construction business, the best time is right now. It can feel like a daunting task, and you may not know where or how to begin, so we thought we\u2019d give you a hand and list some basic strategies that you can quickly put in place. Here are six tips from Builders Coach, Kurt Hegetschweiler<\/a>.<\/p>\n

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

Most builders don\u2019t start as business people, but to advance your business,  alter your mindset and your habits, and see yourself as a business leader. Embrace the concept of business development, set your standards and your goals, and make the commitment to put in place the changes necessary to set your business 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? It\u2019s essential to start with a clear vision before implementing an action plan. Equally as important are the people that surround you.  Your team should embrace your standards and values, including your subcontractors, admins, bookkeeper or accountant, and legal advisor. With your leadership, the right people in place, and clearly defined roles and 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.  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, cash flow, margins, and break-even points are crucial to being under control for every job. Using estimating and project management software such as Buildxact<\/a> will ensure your quotes are accurate with consistent margins across the board. You\u2019re able to gauge your profit and loss and cashflow at 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