The early days of any business can be financially rough. You’re trying to make your initial profit not just so you can get paid, but so that you can keep the lights on once your initial funding runs out. If you’re running a construction company, you might want to pay attention to some of these cost-saving tips.
Work with Big Teams
This one is a little counter-intuitive, but it does work. Most new construction firms have smaller teams because they’re looking to pay fewer people per job. If you work with a bigger team, though, you’ll have your crew working for fewer hours and thus pay less over the life of the job. This also has the benefit of getting you access to bonuses for finishing ahead of schedule and helps you to get a great reputation among the laborers and tradespeople with whom you’ll need to work on bigger projects. Read More