Wise Up Wednesday: Are You Prepared?
The past few years have been anything but plain sailing for the construction industry, and the total number of construction insolvencies in England and Wales rose 12.4% year on year in the second quarter of 2018, according to official figures.
There were 696 insolvencies in construction in the second quarter of this year, compared to 619 in the same period a year before,making it the highest second-quarter tally of construction insolvencies since Q2 2014 (when there were 716 construction insolvencies), with the bulk of the increase coming from specialist firms.
The year ahead isn’t set to be easy either, with no-one truly knowing what is round the corner. That’s why we have put together our Streetwise guide to being well prepared for any eventuality in business:
Ask Questions and You Will Get Answers
If you have some questions or you are unsure about what to do, don’t be afraid to ask others for help and advice. But make sure you ask the right people, such as the seasoned professionals at StreetwisesSubbie. One of our key strengths is our nationwide team of independent professionals with literally lifetimes of expertise in all manner of construction related businesses covering just about every business solution you could ever need to know.
Try our Ask Streetwise feature: Mouse Here
Problems WILL Occur
It is inevitable that at some point during your business’s lifespan a serious problem of some sort will occur, and so you need to be prepared for this eventuality. For example, if you were taken ill do you have a trained team who you know you could trust and rely on to keep everything running smoothly without you? If not, it’s time to start training one.
If you aren’t getting paid, or you are being clobbered with a claim for delays, check out what we can do to help when the going gets tough. Just Mouse Here
Be Flexible and Ready For Change
The construction industry may have been stuck in its ways for many years, but it doesn’t mean you have to be. Review the focus of your services to keep you ahead of the pack and ready to secure a major advantage. Look at other areas and profitable niches in which your company could operate, maybe come and talk to one of our experts about it.
What Do You Know?
Do you sometimes feel overwhelmed by all the different challenges of running your company? You aren’t alone there, many Specialist Contractors feel exactly the same. But that doesn’t mean you can’t learn, and it certainly doesn’t mean you shouldn’t ask for help!
We have some great guides and information available. Just Mouse Here.
And if you need a hand give us a call on 01773 712116, and have a chat with our friendly team.
A Little Help From Your Friends
Not everyone in the construction industry is in direct competition with each other. In fact when we work together we can earn more money and get complex jobs done a whole lot faster when we are in contact with a variety of skilled construction professionals in all areas who are willing to team up.
Don’t Cut Marketing, Improve It
When money gets a little tight, many people reduce their sales and marketing. Short term gain = long term pain! Without a steady flow of the right kind of enquiries margins will be squeezed and work will dry up. Come and talk to us about Lead Pro! It’s a quick and easy done for you system.
Improving The Lives Of Specialist Contractors
Our objective is simple. We want to improve the lives of Specialist Contractors. And we do that by bringing you cost effective resources to help make your life easier and your business more profitable.
By working with our Service Delivery Partners across the country, we bring you professional support in all the important areas of your business.
And, because we only work with Specialist Contractors you can be sure that we know the kind of problems you face, and the solutions that work best, which saves a lot of time, and a lot of money.
So please feel free to give us a call on 01773 712116 or email us on firstname.lastname@example.org.
I sincerely hope to speak with you soon.
P.S. Please remember if you need any support please take action sooner rather than later. If you’re not sure what you need, or just want a second opinion, please give us a call on 01773 712116, or email email@example.com
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