29, 2021
4 Reasons To Hire a Construction Business Coach
4 Reasons To Hire a Construction Business Coach |
Effective construction businesses are in high demand these days, which is great news for anyone with a passion for building. The thing is, even if you’re the best builder around, you need a handful of other skills if you want to go from a one-storey business to a luxury empire – and that’s where a construction business coach comes in.
A good construction business coach can turn the frustration of slow growth into the elation of big deals, success, and financial freedom. Keep on reading to find out exactly what they can do for you.
Increase your margins
Wider margins equal more profit, but unless you’re financially savvy, you’ll struggle to cut costs or increase revenue without impacting the quality of your service or losing customers. Fortunately, there are plenty of ways to quickly and easily grow your profit margins – and a construction business coach can help you with all of them!
Start by doing an audit of all the outgoing funds and the time spent in your business and see where you stand to make some savings. Once you know where your money is going, you can consider investing in new technology as a way to speed up your processes and promote productivity amongst your team.
Lead your team
Every great team needs a leader, but it’s not easy to see the big picture – let alone lead your team there – while you’re caught up in the day-to-day functions of your construction business.
An effective construction business coach is someone who has been in your boots and led successful teams before, navigating a wide range of issues. No matter what you’re working on right now – whether it’s communicating effectively building relationships with team members, making tough decisions, or enforcing safety protocols – your construction business coach will be on hand to help you nail it.
Establish strategic direction
Knowing where you’re at in your company right now is great, but knowing where you’re going next is just as important, if not more. Then, once you have a clear idea, you need to bring your crew along with you on the journey – and that’s where strategic direction becomes very important. For the kind of strategy you can proudly share with your team and use to enhance business results, you need a few key components: a mission statement, a goal, and an analysis of the associated strengths, weaknesses, opportunities and threats, for a start.
A construction business coach can help you get all of these things together so that you never have to feel like you’re flying blind in your business.
Also read: Business Coaching For Building Businesses
Systemise your company
If you’re the kind of construction pro who just does things instinctually, this step might feel a little strange to you – but it’s the key to finally being able to take days off when you need them, without worrying that your business will burn to the ground.
In theory, systemising a profitable business is simple: all you have to do is work out your key business functions – the things you do every day, without fail – perfect them, and document that process so that anyone in your business can follow it.
But in practice, that takes a lot of time and energy – maybe more than you’re able to commit right now – and that’s where your construction business coach comes in. They’ll help you create your processes, get them running smoothly, and distil them into a format that can be easily understood, actioned, and reproduced, over and over again.
Heard enough? Ready to hire a construction business coach of your own? Schedule a call with the team at Business Builders Blackbelt.