November 4, 2020
Periods of financial, operational, and natural crises are often characterized by high unemployment rates, reduced consumer spending, slow industrial production rates, and a noticeable slope in real income. Different kinds of crises are not mutually exclusive as one sets off a chain of reactions that inevitably lead to another. Since the beginning of the pandemic
October 8, 2020
For tradesmen with specialized knowledge and skills, it’s only a matter of time before they consider launching their own contracting business. With all the benefits that come with being a contractor, we can say with certainty that it is an excellent career path to take. You stand to earn more than if you settled with
August 20, 2020
Starting a new venture as a construction contractor is exciting. You’re on your own, building a business that you’re passionate about, and the sky’s the limit. It’s also a big risk and takes a lot of dedication to create a business that will be successful long-term. In this post, I’ll share some of the most
January 7, 2020
It has been more than a decade since the global financial crisis of 2008 but the memory still persists for a lot of construction business owners. The construction industry was severely hit by the recession and several issues still linger, including the current labor shortage. Unfortunately, the threat of an economic downturn will always be
October 30, 2019
As a contractor, completing a construction project can be very expensive. In fact, this business is often referred to as a feast or famine business. Many clients will pay for the job once it’s completed or after completing a milestone. That means your business will have to pay for every expense out of its own
March 21, 2019
Construction is a very complex business, with a vast number of elements and factors to take into consideration for a project to develop successfully. That said, it comes as no surprise that in many cases, costly delays and budget overruns are part of the reality on and off-site. This is where a great number of
