The Success Story of a Reputed Construction Company
There are a consistent set of factors that make start-up of construction companies successful. There are many of the start up companies that fail miserably.
Billy Thomas in Gold Coast is the owner of Resolve Construction established in 2013. It is one of the leading companies with high success rate.
Let’s note the management techniques used by Billy that made him so successful in the construction field leaving everyone behind.
The passion for his work leads to his involvement in all the projects which are taken up by his company.
Billy has a very ethical approach towards his clients. He is very flexible to the needs and requirements of his clients. This makes working with Billy very comfortable.
He presents unique, modern construction ideas as per the financial condition of his clients. So they get the maximum benefit.
He has chalked out focused business plans. The focus is on identifying the gaps in business strategy which arises while deciding upon the team that is hired, equipment purchased and the targeted customers.
The financial matters are clearly determined by him. The financial funds of the company are properly utilised from his credit card, personal savings and business loans. Accurate balance is maintained while purchasing construction materials and payment of the staff and labours.
The license of Resolve Company is kept up to date and all the document, licenses and permits to operate construction business are in accordance with the requirement of the local government.
An expert commercial insurance agent is hired to offer advice the cover of accident insurance, auto insurance, general liability insurance, bonding insurance. All insurance policies required for construction are applied by him.
The knowledge of engineering estimate or job estimate is an additional advantage in this field. The cost estimate is the anticipated cost for a project. It is the difference between profits and losses in the construction business. The bids have to be planned in such a way that it is not very high.
Billy cannot be present at all sites of his company where construction is going on. So he has hired an experienced employee to see that the project is executed as per the project.
For advertisement, he uses the business card, flyers, and brochures. He is also aware of modern technology and has created a personal website for his company, which includes all the details of his company, past, present, and future projects along with the detailed information that makes his company superior over other companies.
According to Billy starting a construction company for someone who has a passion for construction is very exciting. It is making the dream of the clients turn into reality. The success rate of the company can be accelerated by carefully considering factors like:
-Deciding upon a detailed financial plan.
-Choosing the best insurance policy for any mishap in the future.
-Hiring a proper team.
-Selecting correct procedure to bid for the project.
-Strategies to gain customers.